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 expecting to surpass P&C Re strategic growth target
8th May 2018
Germany-based reinsurer Hannover Re expects to surpass its strategic growth target for its overall property and casualty (P&C) reinsurance business, driven in part by increased demand in structured reinsurance. The reinsurer recently announced its first-quarter 2018 results, which revealed solid premium growth enabled by taking advantage of improved reinsurance market conditions ... Read the full article
Hannover Re starts 2018 with solid premium growth
7th May 2018
German reinsurance firm Hannover Re has begun 2018 with solid growth in premiums underwritten, as the firm took advantage of better market conditions to create a much larger portfolio for the year ahead. Across the business, Hannover Re reported a 17.6% increased in premiums underwritten for the quarter, a figure which ... Read the full article
Hannover Re capitalises new Argenta SPA 6134 at Lloyd’s
3rd April 2018
German reinsurance firm Hannover Re is capitalising a newly established Special Purpose Arrangement at Lloyd's to enhance the capacity available to Argenta Syndicate 2121. Argenta Holdings Ltd., now a subsidiary of Hannover Re since the reinsurer bought the Lloyd's managing agency and private capital specialist, owns the vehicle, and its ... Read the full article
Hannover Re unit partners with blockchain superannuation start-up
23rd March 2018
Hannover Life Re Australasia will be partnering with GROW Super, an Australian start-up superannuation fund, to explore innovative approaches to providing group insurance using blockchain technology. GROW Super, which launched in May 2017, will use R3’s Corda blockchain infrastructure to apply distributed ledger technology to group re/insurance and deliver improved customer ... Read the full article
Talanx’s financial results remain robust in spite of heavy 2017 losses
19th March 2018
Despite heavy catastrophe losses in 2017 Hannover Re's parent company Talanx's financial results show the re/insurance giant remains well-placed to ride out the industry's cyclical low points reporting an overall 6.3% gross written premiums increase, solid return on investment and continued dividends' growth. Group net income for 2017 was EUR 672 ... Read the full article
2017 highlights need to find competitive advantage: Hannover Re CEO
15th March 2018
The Chief Executive Officer (CEO) of reinsurance giant Hannover Re, Ulrich Wallin, has warned that the reinsurance industry should expect a continuation of the competitive market landscape, underlining the need to develop a competitive advantage in order to be successful. The Germany-based reinsurer recently announced its fourth-quarter 2017 catastrophe results, ... Read the full article
Hannover Re 2017 income nears EUR 1 billion despite catastrophes
13th March 2018
German reinsurer Hannover Re has reported net income of EUR 958.6 million for the full-year 2017, as its results showed how its global scale and diversity has helped them firm to a reasonable result, despite the major catastrophic losses of last year and a plummeting underwriting result in P&C reinsurance. In ... Read the full article
Saga signs 80% motor quota share with New Re & Hannover Re
12th February 2018
Saga plc, a specialty provider of products and services including insurance for the over 50's, has entered into a new quota share reinsurance arrangement with reinsurers New Re (part of the Munich Re group) and Hannover Re for its motor book of business. The quota share reinsurance arrangement will see 80% ... Read the full article
Hannover Re says renewals give it a “solid platform” for 2018
7th February 2018
After the impacts of major catastrophe loss events in 2017 the January 2018 reinsurance renewals and the associated increase in rates available have allowed German reinsurer Hannover Re to put in place, what the CEO terms, a "solid platform" for achieving its targets in 2018. Hannover Re has reported that it ... Read the full article
Talanx to acquire Liberty Mutual’s Turkish non-life insurer
24th January 2018
The parent company of reinsurance giant Hannover Re, Talanx Group, has agreed to acquire 99.4% of the shares in Liberty Sigorta A.S., Liberty Mutual Group's Turkish non-life subsidiary. The transaction enables Talanx to strengthen its presence in the Turkish marketplace, which is one of its core markets, and is expected to close ... Read the full article
GIG-Egypt renews reinsurance deal with Hannover Re
12th January 2018
Egypt’s Arab Misr Insurance Group (GIG) has renewed a one-year reinsurance deal with Hannover Re under the same conditions and retention rates of last year, the Amwalalghad reported. The Egyptian Life Takaful Company is the first established Takaful life insurer in the Egyptian market, and boasts a good business profile across Egypt's insurance market. Last ... Read the full article
IAG enters into risk sharing deals with Munich Re, Swiss Re, Hannover Re
8th December 2017
Insurance Australia Group Limited (IAG) said this morning that it has entered into reinsurance arrangements with three of the biggest companies in the world, as it looks to better manage the volatility in its results. The 3 quota share reinsurance agreements will see IAG cede 12.5% of its underwriting business through ... Read the full article
MSK & Hannover Re unit partner for actuarially sound cyber risk pricing
20th November 2017
German actuarial specialists Meyerthole Siems Kohlruss (MSK) and E + S Rück, the German unit of global reinsurance giant Hannover Re, are partnering to develop tools to assist with pricing of cyber risks. In a two-pronged partnership, the pair are developing a pricing model for cyber risk underwriting as well as ... Read the full article
Europe’s big four hit with record Q3 losses but capitalisation remains strong: Fitch
16th November 2017
The capitalisation of Europe's big four reinsurers remains strong, despite a heavy hit to earnings after significant claims from hurricanes Harvey, Irma and Maria (HIM), the Mexico earthquakes and the California wildfires could make Q3 a record year for reinsurers' catastrophe losses. Rating agency Fitch said that while all four reported significant ... Read the full article
Hannover Re sells stocks to help pay hurricane claims and for future opportunities
9th November 2017
To help pay for claims from hurricanes and earthquakes, and to free up capital for opportunities that may emerge at renewals, Hannover Re has sold its entire stock portfolio, worth about EUR 953 million. Hannover Re reported EUR 1.6256 billion of gross large losses for the first nine months of 2017, but ... Read the full article
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