Hannover Re

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Company building in Hanover
Hannover Rück SE
Type Societas Europaea
Traded as FWBHNR1
Industry Financial services
Founded 1966
Headquarters Hannover, Germany
Key people Ulrich Wallin (CEO and Chairman of the executive board), Herbert K. Haas (Chairman of the supervisory board)
Products Reinsurance
Revenue 14.0 billion (2013)[1]
Operating income € 1,229.1 million (2013)[1]
Profit € 895.5 million (2013)[1]
Total assets € 53.91 billion (end 2013)[1]
Total equity € 5.888 billion (end 2013)[1]
Employees 2,419 (end 2013)[1]
Website www.hannover-re.com

Hannover Re (in German Hannover Rück SE), with a gross premium of around 14.0 billion, is the third-largest reinsurance company in the world.[2] Its headquarters are in Hannover, Germany.

The company was founded in 1966 under the name Aktiengesellschaft für Transport- und Rückversicherung (ATR).

Hannover Re transacts all lines of non-life and life and health reinsurance and has a network of subsidiaries, branches and representative offices on all five continents with a total staff of roughly 2,400. The Group's German business is written by the subsidiary E+S Rück.

The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior").[citation needed]

References[edit]

  1. ^ a b c d e f "Annual Report 2013". Hannover Re. Retrieved 11 March 2014. 
  2. ^ "Top 50 Reinsurers Revealed". Insurance Networking News. Retrieved 2013-08-23. (registration required (help)). 

External links[edit]