Reinsurance News
Hannover Re
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
Growth opportunities remain despite market challenges: Hannover Re CEO Wallin
18th July 2018
Despite ongoing competition and pricing challenges in many areas of the industry, various opportunities for growth remain open to re/insurers, including new lines of business, technological efficiencies, and emerging markets, according to Ulrich Wallin, Chief Executive Officer (CEO) of Hannover Re. Speaking in an interview with Reinsurance News, Wallin explained that ... Read the full article
Catastrophe market to remain highly competitive: Hannover Re CEO Wallin
13th July 2018
Natural catastrophe is set to remain the most competitive area for reinsurers, due primarily to an abundance of both traditional and alternative capital in the market, as well as the stability of catastrophe models following 2017’s huge losses, according to Ulrich Wallin, Chief Executive Officer (CEO) of Hannover Re. Speaking in ... Read the full article
Hannover Re joins new Chinese reinsurance blockchain initiative
29th June 2018
Hannover Re, China Re, Germany General Re (Gen Re), and Zhong An Technology have launched a new intercompany trading platform to support the implementation of blockchain technology in the Chinese reinsurance market, according to China Insurance News Network. The parties recently released the Reinsurance Blockchain (BIC) White Paper in Shanghai, a ... Read the full article
Hannover Re to step away from coal investment
20th June 2018
Hannover Re’s pledge to divest from companies dependant on coal for more than 25% of its revenue means close to half of the world’s reinsurers have made commitments to step away from the energy source, according to the Unfriend Coal campaign. Hannover Re’s exclusion policy will not apply to coal power ... Read the full article