Reinsurance News
Hannover Re
Hannover Re is one of the largest reinsurance companies in the world. Hannover Re transacts all lines of property and casualty and life and health reinsurance, operating globally and providing meaningful limit to its clients.
Hannover Re was founded in 1966 and went public in 1994 and operates a worldwide network of subsidiaries, branches and representative offices underwriting business such as facultative, direct and catastrophe XoL reinsurance business in the P&C market, as well as life, health, annuity and personal accident reinsurance business.
Read all our Hannover Re reinsurance news below.
Hannover Re to restrict underwriting for coal-based risks
18th April 2019
Hannover Re has announced that it plans to adopt a more restrictive underwriting policy for the reinsurance of coal-based risks in order to help combat climate change. As a general principle, the reinsurer will not provide coverage for any planned new coal-fired power plants or coal mines, and aims to no ... Read the full article
Hannover Re eyes InsurTech innovation with launch of hr | equarium
12th March 2019
Global reinsurance player Hannover Re has announced the launch of hr | equarium, an online platform designed to better connect InsurTech solutions with the insurance industry. Hannover Re has identified digital disruption, shifting demographics and evolving buyer preferences as having created a challenging operating environment for insurers. Subsequently, the company designed hr ... Read the full article
Hannover Re sets up life reinsurance vehicle Kubera, closes first deal
11th March 2019
Reinsurance giant Hannover Re has established a new Bermuda-domiciled Class C reinsurance vehicle named Kubera Insurance (SAC) Ltd., registering the vehicle in October 2018 before receiving a licence for it in December. The Kubera vehicle appears to have been established specifically for Hannover Re's U.S life reinsurance business to enter into ... Read the full article
Hannover Re’s net income climbs in 2018 despite challenges
7th March 2019
Reinsurance giant Hannover Re has reported net income of €1.06 billion for 2018, up 10.5% year-on-year as the firm achieved solid results in spite of challenging conditions and high levels of catastrophe losses. During 2018, the reinsurer increased its gross premiums by 7.8% to €19.2 billion, with growth occurring in both ... Read the full article
Hannover Re adds Silke Sehm to Executive Board
6th March 2019
The Supervisory Board of Hannover Re has appointed Silke Sehm as a full member of the Executive Board with immediate effect. Sehm takes responsibility for French-speaking and Nordic markets in Europe as well as Central and Eastern Europe and catastrophe business. She joined Hannover Re in 1996 as an underwriter for property ... Read the full article
Jeff Burt named President of Hannover Re US
21st February 2019
Hannover Life Reassurance Company of America (Hannover Re US), a division of German-based reinsurance giant Hannover Re, has promoted Jeff Burt to President. The appointment sees Burt take responsibility for the reinsurer's life and health reinsurance operations in the U.S. He first joined Hannover Re US roughly 16 years ago as Vice ... Read the full article
Hannover Re’s Glencar Insurance receives A+ rating from A.M. Best
14th February 2019
Glencar Insurance Company (GIC), a newly established subsidiary of German reinsurer Hannover Re, has received a financial strength rating of A+ (Superior) from A.M. Best. The rating agency also assigned GIC a long-term issuer credit rating of “aa”, in addition to a stable outlook. A.M. Best explained that the ratings reflected GIC’s ... Read the full article
Pricing insufficient to account for climate and higher cats: Wallin, Hannover Re
6th February 2019
Ulrich Wallin, the Chief Executive Officer (CEO) of reinsurance giant Hannover Re, has underlined the fact that climate change is not included within current catastrophe pricing, adding that pricing is not sufficient to deal with increased catastrophe losses. Hannover Re recently announced a solid January renewals season, which, keeps the ... Read the full article
Solid January renewals keeps Hannover Re on track for 2019 targets
5th February 2019
Reinsurance giant Hannover Re has announced Group net income of €1.05 billion for the 2018 financial year and is expecting higher net income for 2019. The reinsurer has also revealed that it grew its premium volume in traditional property and casualty reinsurance by more than 15% at the January 1st ... Read the full article
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
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