Hannover Rück
Mr. Clemens Jungsthofel (CFO & Member of Exec. Board)
Dr. Michael Pickel (Member of the Exec. Board)
Summary
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The company offers property, casualty, facultative, catastrophe XL, structured reinsurance, and insurance-linked securities. It also provides risk solutions for agricultural, livestock, and bloodstock businesses; aviation and space business; and marine and offshore energy business, as well as credit, surety, and political risks reinsurance products. In addition, the company offers group and individual credit life, enhanced annuities, group life and health, and Takaful reinsurance products; and risk solutions in the areas of critical illness, disability, health, longevity, long term care, mortality, and morbidity. Further, it provides various financial solutions, including new-business financing; monetization of embedded value; reserve and solvency relief; and divestiture of non-core businesses. The company was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in March 2013. The company was founded in 1966 and is headquartered in Hanover, Germany. Hannover Rück SE is a subsidiary of Talanx AG.
History
In the 1970s, the company entered the US and Japanese markets. In 1981, the company made its first acquisition of a foreign insurance group – the Hollandia Group . In 1990, the acquisition of Hamburger Internationale Rückversicherungs-AG followed.
In 1994, Hannover Re went public. In the same year, the company was the first reinsurer ever to securitise natural catastrophe risks for the capital market.
In 1996, Eisen und Stahl Rück was integrated into the Hannover Re Group. From then on, Hannover Re serves foreign insurance markets, while Eisen und Stahl Rück – now E+S Rück – takes responsibility for handling the German market.
As part of its increasingly international orientation, the legal form of the company was conversed to a Societas Europaea in 2013. Hannover Re has since traded as Hannover Rück SE.
Key Team
Dr. Klaus Wilhelm Miller (Member of the Exec. Board)
Mr. Claude Jacques Chèvre (Member of the Exec. Board)
Mr. Sven Althoff (Member of the Exec. Board)
Ms. Silke Sehm (Member of Exec. Board)
Ms. Julia Hartmann (Sr. IR Mang.- Corp. Communications)
Mr. Karl Steinle (Head of Corp. Communications)
Michael Eberhardt (Managing Director of Hannover Re Australian Branch)
References
Mr. Clemens Jungsthofel (CFO & Member of Exec. Board)
Dr. Michael Pickel (Member of the Exec. Board)
