New syndicate-in-a-box to focus on niche and SME business written in domestic APAC markets, particularly liability, professional indemnity, accident and health, property and travel.
Change at the top came as Hannover Re announced it had beaten its full-year earnings target; group net income rose to €1.8bn for 2023; reinsurance revenue climbed to €24.5bn; and a return on equity of 19% was “comfortably above minimum target”.