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.
Volumes & revenue growth slowed as renewals progressed this year: Fitch
27th August 2025
The four largest European reinsurers – Munich Reinsurance Company (Munich Re), Swiss Reinsurance Company Ltd (Swiss Re), Hannover Rueck SE (Hannover Re) and SCOR SE – achieved a record average return on equity (ROE) of 21.1% in the first half of 2025 (1H25). They surpassed the previous 20.5% peak seen in ... Read the full article
Swiss Re and Berkshire Hathaway top global reinsurer rankings
18th August 2025
New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world's largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024 figures. AM Best ... Read the full article
Hannover Re seeing growth in most segments, nat cat risk appetite expanding: Sven Althoff
12th August 2025
Hannover Re, one of Europe's big four reinsurance companies, has achieved year-to-date growth in traditional treaty renewals of 5.4%, with one of the key drivers being underlying expansion of the firm's ceding companies, while the carrier's appetite for natural catastrophe risk is also growing, according to Sven Althoff, Member of ... Read the full article
Hannover Re posts 13% rise in net income as Group revenue hits €13.3bn in H1’25
12th August 2025
European reinsurer Hannover Re has reported a 3.3% rise in gross reinsurance revenue to €13.3 billion for the first half of 2025, with solid revenue growth in property and casualty (P&C) more than offsetting a slight contraction in life and health (L&H), despite high catastrophe losses in the period. Group-wide, Hannover ... Read the full article
Allianz, BlackRock, Generali, Hannover Re and T&D acquire Viridium
4th August 2025
A consortium including Allianz, BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings, have completed the acquisition of Viridium Group, a European life insurance consolidation platform, from Cinven. The transaction was initially announced on March 19, 2025, stating Viridium would be acquired by €3.5 billion transaction. Santander Insurance and PG3, a ... Read the full article
WTW’s Fannin named Head of Corporate Actuarial & CRO for Hannover Re UK Life Branch
18th July 2025
Nicola Fannin has been appointed General Manager, Head of Corporate Actuarial and Chief Risk Officer for Hannover Re UK Life Branch. Fannin is succeeding Rael Davis, who was appointed Chief Financial Officer for the Hannover Re UK Life Branch on 1 November 2024. The executive brings over 21 years of industry experience ... Read the full article
Continued profitable growth for Hannover Re amid evolving risk landscape: CEO Jungsthöfel
14th July 2025
Clemens Jungsthöfel, who took over as CEO of Hannover Re from Jean-Jacques Henchoz in early April, has outlined his vision for the company’s future in a recent interview with Börsen-Zeitung, emphasizing continued profitable growth by leveraging its focused reinsurance model a lean structure. Jungsthöfel described Hannover Re’s current position as Read the full article
2024 second consecutive year of ‘very strong’ P&C results for large global reinsurers: Fitch
11th July 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of "very strong" property and casualty (P&C) financial performance in a prolonged favourable market. The insurers in this peer group are some of the largest in the industry, including Hannover ... Read the full article
Ralf Boesemann named General Manager & CEO of Hannover Re Services Italy
7th July 2025
Global reinsurer Hannover Re has announced the appointment of Ralf Boesemann as General Manager and Chief Executive Officer (CEO) of Hannover Re Services Italy S.r.l. (HS Ita). HS Ita serves clients across both Life & Health and Property & Casualty. The Life & Health team focuses on building long-term relationships and ... Read the full article
Hannover Re appoints Steven Hardy as Head of L&H Ireland & Canada
3rd July 2025
Global reinsurer Hannover Re has announced the appointment of Steven Hardy as Head of Life & Health (L&H) Ireland & Canada. In this role, Hardy will be based at Hannover Re’s Dublin subsidiary, which plays a key role in advancing the company’s Financial Solutions business in Europe and serves as the ... Read the full article
Hannover Re appoints Kai Aschenbach as General Manager
30th June 2025
Global reinsurer Hannover Re has announced the appointment of Kai Aschenbach as General Manager. In his new role, Aschenbach will focus on the consistent implementation of core IT topics and the standardised support and integration of the company’s platforms. He joined Hannover Re in 2022 and most recently served as Head of ... Read the full article
Hannover Re welcomes SCOR’s Maguire as Global Head of L&H Traditional Business
28th May 2025
Hannover Re has announced the appointment of Gavin Maguire as Global Head of the reinsurer’s newly established division, L&H Traditional Business. Maguire offers valuable strategic insight and a collaborative approach, drawing on his deep expertise in business development, pricing, underwriting, data analytics, claims, and technical accounting, underpinned by a strong actuarial ... Read the full article
Europe’s big four reinsurers still on track to meet ‘ambitious’ 2025 targets, says Fitch
20th May 2025
Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ratings feel the four companies are still on track to ... Read the full article
Hannover Re promotes Hermenier to Managing Director, Klass to retire
20th May 2025
Global reinsurer Hannover Re has announced the appointment of Vincent Hermenier as Managing Director. He will be taking over the role from Sigrid Klass, who will be retiring from the company June 30, 2025 after more than 35 years of service. As MD, Hermenier will oversee a wide range of property and ... Read the full article
Mid-year renewals to mirror January & April trends as property pricing softens: Hannover Re’s Althoff
13th May 2025
Sven Althoff, Executive Board Member for Property & Casualty at Hannover Re, has indicated that the upcoming mid-year renewals are expected to mirror the outcomes seen on January 1 and April 1, particularly with continued softening in property pricing. Speaking during the firm’s Q1 earnings call, Althoff stated, "The pricing we ... Read the full article
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