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.
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
Hannover Re stays profitable in Q1’25 amid elevated catastrophe claims
13th May 2025
Hannover Re has reported a group net income of €480 million for Q1 2025, marking a 13.9% year-on-year decline, primarily driven by large losses in property and casualty reinsurance, which totalled €765 million and significantly exceeded the budgeted expectation of €435 million. The most substantial individual loss stemmed from the California wildfires, ... Read the full article
Hannover Re on ‘right track’ with 2024-2026 strategy: CEO
7th May 2025
At his first Annual General Meeting (AGM) as Chief Executive Officer of Hannover Re, Clemens Jungsthöfel reaffirmed the company’s strong strategic direction for 2024–2026, highlighting its continued focus on profitable growth, robust capital strength, and collaborative innovation with clients and partners. The Large European reinsurer's AGM has approved the proposal put ... Read the full article
Lena Kettler named Global Head of Claims (P&C) for Hannover Re
6th May 2025
European reinsurer Hannover Re has announced the appointment of Lena Kettler as Global Head of Claims (P&C), a newly created position based in Hannover. Kettler is joining Hannover Re with close to two decades of industry experience with extensive knowledge in both underwriting and claims. “Thanks to her broad experience, Lena will ... Read the full article
Rhonda Hasell appointed General Manager and CFO of Hannover Re Bermuda
10th April 2025
Rhonda Hasell has been appointed to lead Hannover Re Bermuda as General Manager and Chief Financial Officer. Hasell brings to her new role over two decades of experience across New Zealand, Australia and the UK. In the past decade, she has focused her career on the London market She brings with her ... Read the full article
Swiss Re’s iptiQ signs agreement to sell Australian business to Hannover Re
10th April 2025
Jef Van In, CEO of iptiQ, has announced the signing of an agreement to sell iptiQ's Australian business to Hannover Re, pending regulatory approvals. iptiQ, a digital B2B2C insurance company powered by Swiss Re, is a provider of re/insurance and risk transfer solutions. This agreement marks iptiQ's complete exit from the APAC ... Read the full article
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