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.
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
Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s
1st April 2025
Despite sizable claims from the LA wildfires in January, Moody's anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for reinsurance and robust investment returns. According to Moody's, the LA wildfire losses, estimated at between ... Read the full article
Parametrix supports Hannover Re’s renewal of $20m Cumulus Re cloud outage cat bond
26th March 2025
Hannover Re, one of Europe's big four reinsurers, with the support of Parametrix, has secured $20 million of retrocessional protection for losses caused by a sustained cloud outage event, with this second catastrophe bond transaction 45% larger than the inaugural deal. Cumulus Re II, or Cumulus Re (Series 2025-1) as ... Read the full article
Carola Moore joins Hannover Re as Head of Claims Australia
18th March 2025
Large European reinsurer Hannover Re has appointed Carola Moore as the Head of Claims for Australia. Moore has over two decades of industry experience, having most recently served at life insurer AIA Australia for over six years. Her roles at the company included serving as the Head of Group Claims, Head of ... Read the full article
Reinsurance market to plateau at a high level through future renewals: Sven Althoff
13th March 2025
Hannover Re, one of Europe's big four reinsurance companies, expects the renewal rounds for the rest of 2025 to be similar to the experience at January 1st with the market poised to plateau at a high level, according to Sven Althoff, Member of the Executive Board for property and casualty ... Read the full article
Hannover Re posts 28% rise in net income for 2024 as CoR strengthens to 86.6%
13th March 2025
Large European reinsurer Hannover Re's net income increased by 28% in 2024 to €2.3 billion, reaching the revised higher guidance, with a substantial improvement in property and casualty (P&C) operating profit and a solid life and health (L&H) performance. Hannover Re has today reported a very strong set of results ... Read the full article
Hannover Re announces key L&H leadership promotions
6th March 2025
Global reinsurer Hannover Re has announced the promotions of Soeren Kruse, Niall Mulvey, and Raphael Rimelin within its Life & Health (L&H) division, led by Claude Chèvre and Brona Magee. Kruse has been named Head of L&H, Southern & Eastern Asia. He has been with Hannover Re for 11 years, holding ... Read the full article
Hannover Re names James Ng CEO of Malaysian Branch
12th February 2025
Global reinsurer Hannover Re has announced the appointment of James Ng as Chief Executive Officer of its Malaysian Branch in Kuala Lumpur. Ng brings over two decades of experience in the re/insurance industry, having held various roles in management, underwriting, and sales & distribution. He joined Hannover Re just over a year ... Read the full article
Hannover Re LA wildfire loss of €500m-€700m will exceed Q1 large loss budget: CEO Henchoz
6th February 2025
Jean-Jacques Henchoz, Chief Executive Officer (CEO) of large European reinsurer Hannover Re, said this morning that an industry loss of between $30 billion and $40 billion from the Los Angeles wildfires could lead to a net loss for the firm of between €500 million and €700 million, which is above ... Read the full article
Hannover Re sees book grow 7.6% at Jan 1 as 2024 net income reaches €2.3bn
6th February 2025
Large European reinsurer Hannover Re has reported an increase in premium income in traditional property and casualty reinsurance by 7.6% at the 1 January 2025 treaty renewals, while its net income increased to €2.3 billion in the 2024 financial year. "The good quality of the renewed business was maintained, while an ... Read the full article
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