Hannover Re
| Company type | Societas Europaea |
|---|---|
| Industry | Reinsurance |
| Founded | 1966 |
Key people | Clemens Jungsthöfel (Chief Executive Officer); Sven Althoff; Claude Chèvre; Christian Hermelingmeier; Brona Magee; Sharon Ooi; Silke Sehm; Thorsten Steinmann; Torsten Leue (Chairman of the Supervisory Board) |
| Revenue | 26.4 billion Euro (reinsurance premium volume, 2024) |
Number of employees | 3,900 (2024) |
| Website | https://www.hannover-re.com/en/ |
The company Hannover Re is a listed German reinsurance group with its headquarters in Hannover. It traces its origins to the stock corporation for transport and reinsurance, founded in 1966, and is one of the three largest reinsurers worldwide.[1]
History
The company was founded on 6 June 1966.
In the 1970s, Hannover Re entered the US and Japanese markets. In 1981, it acquired its first foreign insurance group, the Hollandia Group (today Hannover Re Group Africa). In 1990, it acquired Hamburger Internationale Rückversicherungs-AG.
In 1994, Hannover Re went public. In 1996, Eisen und Stahl Rück was integrated into the Hannover Re Group; since then, Hannover Re has served international insurance markets, while Eisen und Stahl Rück—today E+S Rück—handles the German market.
In 2013, the legal form was changed to a Societas Europaea, and the company has since operated as Hannover Re SE.
In 2025, Clemens Jungsthöfel succeeded Jean‑Jacques Henchoz as Chief Executive Officer.[2]
Business
Hannover Re provides reinsurance in the lines of property & casualty and life & health.
The group operates more than 170 subsidiaries, branches and representative offices on all five continents, employing over 3,500 people. The German business is underwritten by the subsidiary E+S Rück. The Bermuda subsidiary, with net premium income exceeding 1 billion US dollars, ranks among the ten largest reinsurers in Bermuda.[3]
Hannover Re holds very strong financial strength ratings from the major rating agencies: S&P Global Ratings AA− and A.M. Best A+.[4][5]
The majority shareholder of Hannover Re is Talanx AG, holding 50.2 % of voting rights. The remaining shares are held by institutional and private investors.[6]
Since 21 March 2022, Hannover Re shares have been part of the DAX index. Prior to that, they were listed in the MDAX.[7]
Management
Board of Management of Hannover Re SE:[8] Clemens Jungsthöfel (CEO); Christian Hermelingmeier; Sven Althoff (Property & Casualty Reinsurance); Brona Magee (Life & Health Reinsurance); Sharon Ooi (Property & Casualty Reinsurance); Silke Sehm (Property & Casualty Reinsurance); Thorsten Steinmann (Property & Casualty Reinsurance); Claude Chèvre (Life & Health Reinsurance).
Supervisory Board:[9] Torsten Leue (Chairman); Herbert K. Haas; Ilka Hundeshagen; Timo Kaufmann; Harald Kayser; Sibylle Kempff; Alena Kouba; Ursula Lipowsky; Michael Ollmann.
Locations
Africa: Abidjan, Johannesburg
Americas: Bogotá, Denver, Hamilton, Itasca, Mexico City, Orlando, Rio de Janeiro, Toronto
Asia: Hong Kong, Kuala Lumpur, Manama, Mumbai, Seoul, Shanghai, Taipei, Tokyo
Australia: Sydney
Europe: Dublin, Hannover, London, Madrid, Milan, Paris, Stockholm[10]
External links
- Official website of Hannover Re: https://www.hannover-re.com/en/
- Website of the Hannover Re Foundation: https://stiftung.hannover-re.de
- Federal Financial Supervisory Authority (BaFin) company page
References
- ↑ Hannover Re reports 30.4 % income increase in nine-month period. Yahoo, DPA. 11 December 2024.
- ↑ Hannover Re – Historie. hannover-re.com. Retrieved 8 March 2022.
- ↑ TOP 20 Reinsurance Companies in Bermuda. beinsure.com. Retrieved 29 June 2023.
- ↑ S&P Global Ratings. Retrieved 4 September 2024.
- ↑ AM Best Affirms Credit Ratings of Hannover Rück SE and Its Main Subsidiaries. Retrieved 4 September 2024.
- ↑ Börsennotierung und Aktionärsstruktur. hannover-re.com. Retrieved 8 March 2022.
- ↑ Gruppe Deutsche Börse – Daimler Truck and Hannover Re newly admitted to the DAX. deutsche-boerse.com. Retrieved 22 March 2022.
- ↑ Vorstand: Exzellente Führung für nachhaltigen Erfolg. hannover-re.com. Retrieved 25 April 2025.
- ↑ Aufsichtsrat. hannover-re.com. Retrieved 12 March 2021.
- ↑ Unsere Standorte. hannover-re.com. Retrieved 12 March 2021.