Member detailsGermany Reinsurance
Contacthttp://www.hannover-re.com/ Jan.Mueller@hannover-re.com +49 511 5604 1338
Hannover Re, with gross premium of EUR 24.8 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,000 staff. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück very strong insurer financial strength ratings: Standard & Poor’s AA- “Very Strong” and A.M. Best A+ “Superior”.
Hannover Re’s specialised Credit, Surety and Political Risk Division is one of the market leaders in this segment. It has long-term expertise and provides reinsurance cover to more than 300 ceding companies worldwide.
Hannover Re seeks to enhance its position as a large, globally operating reinsurer by increasing its profit as well as the value of the company by a double-digit percentage every year. The principal shareholder is HDI Haftpflichtverband der Deutschen Industrie V.a.G., which holds 50.2% of Hannover Re’s shares via Talanx AG.
Hannover Re was established in 1966 under the name “Aktiengesellschaft für Transport- und Rückversicherung”. Becoming a listed company in 1994, Hannover Re took a major step forward in its future development. In 1996 the Group was restructured; Eisen and Stahl Rück (today E+S Rück) was integrated into the Hannover Re Group and positioned as a specialist reinsurer for the German market. Today, the company ranks as the second-largest reinsurer in the German market and number three in the world according to its gross premium income.
Highlights in 2020
- In March 2021 the company was able to post for FY 2020 a solid Group profit of EUR 883 million and a return on equity of 8.2%, whereas at the same time the company has digested considerable Covid-19-related claims. Hannover Re grew strongly (9.6%) again in the 2020 financial year and the book value per share reached an all-time high of EUR 91.17.
- Hannover Re’s credit, surety & political risk business continues to be very stable based on many long-term client relationships to which we selectively add new customers.
Jean-Jacques Henchoz – Chairman
Clemens Jungsthöfel – CFO
– P&C –
Sven Althoff (inter alia responsible for the Credit, Surety and Political Risk Division)
– Life & Health –