Hannover Re

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Hannover Rück SE
Societas Europaea
Traded asFWBHNR1
IndustryFinancial services
Founded1966
HeadquartersHannover, Germany
Key people
Ulrich Wallin (CEO and Chairman of the executive board), Herbert K. Haas (Chairman of the supervisory board)
ProductsReinsurance
Revenue 19.2 billion (2018)[1]
€ 1,596.6 million (2018)[1]
€ 1,059.5 million (2018)[1]
Total assets€ 64.5 billion (end 2018)[1]
Total equity€ 8,776.8 million (end 2018)[1]
Number of employees
3,317 (end 2018)[1]
Websitewww.hannover-re.com

Hannover Re (in German Hannover Rück) SE, with a gross premium of around 19.2 billion, is a European and third-largest reinsurance company in the world.[2] Its headquarters is in Hannover, Germany.

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

Hannover Re transacts all lines of property & casualty and life & health reinsurance and has a network of subsidiaries, branches and representative offices on all five continents with a total staff of roughly 3,300. 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").

History[edit]

In August 2018, it was announced that Chief Executive Officer Ulrich Wallin would retire after 10 years in the role on May 8, 2019. He will be succeeded by Jean-Jacques Henchoz, who will become a member of the company's executive board on April 1, 2019.[3]

References[edit]

  1. ^ a b c d e f "Annual Report 2018" (PDF). Hannover Re. Retrieved 7 March 2019.
  2. ^ "Top 50 Reinsurers Revealed". Insurance Networking News. Retrieved 2013-08-23. (Registration required (help)).
  3. ^ Mancini, Donato Paolo. "Hannover Re names Jean-Jacques Henchoz next CEO". MarketWatch. Retrieved 2018-08-22.

External links[edit]