Hannover Re

Hannover Re (in German Hannover Rück), with a gross premium of around €22.6 billion, is a European and third-largest reinsurance group in the world.[2] Its headquarters is in Hannover, Germany.

Hannover Rück SE
TypeSocietas Europaea
FWB: HNR1
IndustryFinancial services
Founded1966
HeadquartersHannover, Germany
Key people
Jean-Jacques Henchoz (CEO and Chairman of the executive board), Torsten Leue (Chairman of the supervisory board)
ProductsReinsurance
Revenue€ 22.6 billion (2019)[1]
€ 1,853.2 million (2019)[1]
€ 1,284.2 million (2019)[1]
Total assets€ 71.4 billion (end 2019)[1]
Total equity€ 10,528.0 million (end 2019)[1]
Number of employees
3,083 (end 2019)[1]
Websitewww.hannover-re.com

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 more than 3,000. 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"). Majority shareholder is Talanx holding 50.2% of shares, 38.6% are held by institutional investors (incl. BlackRock, Inc. 3.1%; Deutsche Asset Management Investment GmbH 3.0%).

History

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 was succeeded by Jean-Jacques Henchoz, who became a member of the company's executive board on April 1, 2019.[3]

References
  1. "Annual Report 2019" (PDF). Hannover Re. Retrieved 11 March 2020.
  2. "Top 50 Reinsurers Revealed". Insurance Networking News. Retrieved 2013-08-23.
  3. Mancini, Donato Paolo. "Hannover Re names Jean-Jacques Henchoz next CEO". MarketWatch. Retrieved 2018-08-22.
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