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Reinsurance News

Hannover Re

Hannover Re & HDI Global launch new specialty insurance venture

8th January 2019

HDI Global Specialty SE, a new specialty lines insurer launched as a collaborative venture between Hannover Re and HDI Global, commenced underwriting at the beginning of the year with premium volumes in excess of €1 billion. The insurer was formed after HDI Global and Hannover Re, which are both part of ... Read the full article

Liberty Mutual Re hires Uwe Haug from Hannover Re

7th January 2019

Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has appointed Uwe Haug as Head of Underwriting Strategy and Business Development for its global financial risks reinsurance business. Haug spent the previous two decades at Hannover Re, most recently leading its global specialty portfolio as General Manager for Northern, ... Read the full article

Reinsurance division performs well for Talanx in 2018

12th November 2018

Hannover Re's parent company, the Talanx Group, has reported that its reinsurance operation has strongly contributed to Group net income in 2018, which increased by 10% to €488 million. In fact, all divisions with the exception of Industrial Lines contributed to the Group's net income improvement, year-on-year, and the firm highlighted ... Read the full article

Hannover Re remains on target, despite using up major loss budget in Q3

8th November 2018

Global reinsurance player Hannover Re said this morning that it remains on target for its full-year profit, despite the impacts of catastrophe events in the third-quarter using up its full major loss budget. Hannover Re noted that its group net income was up by 32.1% at September 30th to EUR 725.3 ... Read the full article

Short-term policies will open new markets for life re/insurers: Hannover Re’s Laudato

5th November 2018

New categories of short-duration life insurance products will allow re/insurers to access new markets and pools of customers, according to Tony Laudato, Vice President of Partnership Solutions, Hannover Re US. Speaking in an interview with Reinsurance News, Laudato explained that short-duration policies, such as the one recently developed by Hannover ... Read the full article

Pickel to succeed Wallin as CEO of Hannover Re’s E+S Rück

23rd October 2018

Hannover Re has announced that Michael Pickel is to succeed Ulrich Wallin as Chief Executive Officer (CEO) of E+S Rück, the subsidiary responsible for the Group’s business in Germany. Pickel has been a member of the Executive Board of Hannover Re since 2000 and is currently responsible for the Group’s property ... Read the full article

Hannover Re expects modestly higher premiums and stable conditions in Germany

22nd October 2018

E+S Rück, a subsidiary of Hannover Re responsible for the group’s German business, continues to expect positive premium development in the country’s market for the upcoming round of treaty renewals as at 1 January 2019, albeit at a somewhat more muted pace than in the previous year. "Against the backdrop of ... Read the full article

Hannover Re helped clients secure $1.5bn from capital markets over 2018

17th October 2018

With the recent completion of its fifth catastrophe bond transaction, Hannover Re has helped its clients to secure more than US $1.5 billion of reinsurance capacity from the capital markets over 2018. The company’s latest transaction was a $125 million cat bond covering San Diego-based energy infrastructure company Sempra Energy against ... Read the full article

Hannover Re “takes advantage” of expanding alternative capital space: Henning Ludolphs

3rd October 2018

Germany-based reinsurance giant Hannover Re is embracing varied forms of alternative, or third-party reinsurance capital structures and solutions, and anticipates continued growth for the insurance-linked securities (ILS) sector in the future. Alternative reinsurance capital continues to grow its share of dedicated reinsurance capital, expanding to $95 billion during the first-quarter ... Read the full article

Potential for alternative capital to expand beyond nat cat: Hannover Re CEO Wallin

25th September 2018

As alternative capital continues to play an increasingly important role in the natural catastrophe space, Hannover Re’s Chief Executive Officer (CEO) Ulrich Wallin has discussed the potential for these markets to be utilised in other areas of the reinsurance industry. Speaking in an interview with Reinsurance News, Wallin noted that, following ... Read the full article

Hannover Re expecting stable P&C prices at 1/1 renewals

10th September 2018

Hannover Re has announced that it is anticipating stability in property and casualty (P&C) reinsurance renewal prices and conditions overall for the treaty renewals at 1 January 2019. The German reinsurance giant acknowledged that the market environment continues to be challenging for P&C reinsurers, with rate increases lower than expected following ... Read the full article

Hannover Re CEO Wallin to retire, be replaced by Henchoz from Swiss Re

22nd August 2018

The CEO of global reinsurance Hannover Re, Ulrich Wallin, is to step down and retire from the firm in 2019 and will be replaced by Jean-Jacques Henchoz of Swiss Re. The company said this morning that Jean-Jacques Henchoz will become a member of the Hannover Re Executive Board from 1st April ... Read the full article

Genoa bridge collapse to cost insurers up to $685 million: J.P. Morgan

20th August 2018

Analysts at J.P. Morgan have estimated that the Genoa bridge collapse will result in an insurance industry loss of up to €600 million (US$685 million), driven primarily by property damage and business interruption (BI) losses. Amid extremely heavy rainfall, a 200m section of the Morandi bridge, which is the main road ... Read the full article

Hannover Re expects mortality book will strain H2 results

10th August 2018

Hannover Re's life and health reinsurance segment performed well in the opening six months of 2018, however, the reinsurer's decision to increase rates across a block of U.S. mortality business, in light of its negative earnings situation, is expected to result in considerable strains during the second-half of the year. The ... Read the full article

Hannover Re’s P&C unit drives positive results in challenging conditions

9th August 2018

Reinsurance giant Hannover Re has reported a 3.8% rise in net income for the first-half of the year, alongside premium growth of 11% to €10 billion (US$11.6bn). The firm also improved the combined ratio within its property and casualty (P&C) reinsurance segment, in spite of "fierce competition." The Germany domiciled reinsurer ... Read the full article

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