All Hannover Re articles
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NewsBMS appoints Henchoz as chairman
Broker appoints veteran reinsurance leader Jean-Jacques Henchoz, previously CEO and chairman of the executive board at Hannover Re.
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NewsRecord earnings for ‘big four’ Continental reinsurers; discipline held amid casualty, wildfire claims
Munich Re, Swiss Re, Hannover Re and SCOR have raised their earnings targets after strong performance and €11bn of combined earnings in 2024, according to a paper from rating agency Moody’s.
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NewsHannover Re CEO Henchoz to step down in 2025; CFO Jungsthöfel to take top job
Clemens Jungsthöfel will take over the group chief executive role at Hannover Re from 1 April 2025.
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NewsHannover Re: ‘Continuing trend’ of hardening reinsurance terms
The reinsurer said that there was a ‘movement towards stabilisation generally’ at its RVS 2024 briefing in Monte Carlo.
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NewsHannover Re adds Magee to exec board
Brona Magee joins the executive board of Hannover Re effective 1 January 2025, replacing Klaus Miller, who will remain with the reinsurer in an advisory role.
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NewsHannover ReTakaful: ‘We are fully committed to the MENA region’
Olaf Brock, managing director and CEO of Hannover Re’s Bahrain branch and Hannover ReTakaful, provided GR with a pre-DWIC Q&A.
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NewsHannover Re issues Cumulus Re, first cloud outage cyber cat bond
Parametrix and Hannover Re cooperate to structure and place Cumulus Re, a $13.75m first-of-its-kind cyber risk catastrophe bond.
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NewsStronger results at Hannover Re, Munich Re, SCOR, Swiss Re – Moody’s report
Improved underwriting results have driven strong earnings and improved resilience at the four biggest continental European reinsurers, according to rating agency Moody’s.
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NewsSteinmann joins Hannover Re to lead its German arm after Pickel retires
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”.
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NewsHannover Re confirms 2024 guidance after “satisfactory” 1/1
The German insurer reiterated it expects reinsurance revenue to grow more than 5% this year, after further improvements in terms and conditions and sustained attractive prices at renewals.
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NewsHannover Re expects €2.1bn profit for 2024 with P&C re to lead revenue growth
The German reinsurer has set out its financial ambition for 2024-2026 strategy cycle, including reinsurance revenue expectations of more than 5% growth next year.
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NewsBaden Baden: Hannover Re stresses upward pressure on German P&C terms and pricing
High inflation and claims expenditure on lines from motor insurance to property catastrophe events mean German reinsurance rates will rise, Hannover Re warned.
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NewsAM Best’s ranks top 50 reinsurers: Munich Re, Swiss Re make up a quarter of GPW
Munich Re was ranked top, across non-life and life business, followed by Swiss Re, Hannover Re, Canada Life Re and Berkshire Hathaway.
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NewsHannover Re thinks profits are on target for 2023
The German reinsurer had a second quarter combined ratio of 90.8% and 91.7% for the first six months.
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NewsHannover Re Q1 profit on track to meet 2023 target
Third largest reinsurer announces quarterly profit of €484m and a combined ratio of 92.3% on its property and casualty business.
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NewsHannover Re quits Net Zero Insurance Alliance
Hannover Re is the third major re/insurer to leave the global climate alliance, after Zurich and Munich Re also recently left.
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NewsPremiums up 12% last year – Gallagher Re
AIG reported the biggest improvement to underwriting profit in 2022’s fourth quarter, while Hannover Re dipped to an unprofitable combined ratio – the only reinsurer to do so.
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NewsHannover Re grows 2022 net income to €1.4 billion
Major losses were offset by investment contributions and a strong performance within life and health reinsurance
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NewsHannover Re sees property cat rate hikes of 30%
Prices and conditions ’not seen in decades’ was present at 1 January, as reinsurer looks to mid year
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NewsHannover Re expects 2022 net income of €1.4 billion
The reinsurer has increased its net major-loss budget for 2023 to €1.725 billion
