The Hanover Atlantic Insurance Company Ltd. Southfield, 5130 Parkway Plaza Blvd. Suite 2C18 Suite 220 The Hannover Re Arts Foundation is established as a private foundation on the occasion of the 25th anniversary of Hannover Re. It transacts all lines of property & casualty and life & health reinsurance. The Hanover National Insurance Company. Hannover Re's Competitors, Revenue, Number of Employees - Owler IAG and Hannover Res extended whole-of-account quota share deal is valid for five years. Attn: Citizens Insurance Dept 77360 Property & Casualty: Hannover Re offers a comprehensive range of products in treaty and facultative reinsurance as well as in the area of structured reinsurance solutions. Hannover Re is a reinsurance company based in Hannover, Germany. It complements the acquisition of the ING life reinsurance portfolio in 2009 and further strengthens Hannover Res traditional US life business. Talanx is a German multinational financial services company headquartered in Hanover, Germany. Under our cooperation agreement we shall continue to support HDI Global Specialty with our expertise as a long-term reinsurance partner, which also means that we can still share substantially in the growth of the portfolio through our participation in the reinsurance programme., With our acquisition of the remaining shares we are another step closer to achieving our goal of building one of the best and most profitable specialty insurers on the world market, said Dr. Edgar Puls, a member of the Board of Management of the Talanx Group and chief executive officer of HDI Global SE. By selling our stake we are freeing up capital for profitable growth in our core business, said Jean-Jacques Henchoz, chief executive officer of Hannover Re. San Francisco. In the same year, the company was the first reinsurer ever to securitise natural catastrophe risks for the capital market. In 2019, Jean-Jacques Henchoz succeeded Ulrich Wallin as Chief Executive Officer of Hannover Re.[3]. More info. Glastonbury, Hannover Re's headquarters are located at 50 Karl-wiechert-allee, Hannover, Lower Saxony, . NY 2003. Hannover Re has offices in Bermuda, Australia, Canada, China, Japan, France, Korea, Malaysia, Ireland, the US, the UK, Colombia, Sweden, Brazil, Bahrain, Mexico, Italy, Spain, Taiwan and South Africa. The covers have been set to 67.5% to highlight IAGs whole-of-account quota share deals. The groups German business is written by the subsidiary E+S Rck. From then on, Hannover Re serves foreign insurance markets, while Eisen und Stahl Rck now E+S Rck takes responsibility for handling the German market. Hannover Re (ETR: HNR1) is a global reinsurance company. Reinsurance. On this page you can access detailed . McDonald is currently the successful managing director of HDI Global SEs UK and Ireland branches, steering the branch through Brexit and successfully implementing the reorganization and restructuring of the local portfolio. Hannover Rck SE LEI 529900KIN5BE45V5KB18. In December, Hannover Re can announce the sale of Praetorian Financial Group, Inc., New York, to QBE Insurance Group Ltd., Sydney, Australia. He has worked as an underwriter at the Talanx Group since 1987, holding a number of management positions at Hannover Re since 1994. The company was founded in 1970 and is based in Paris, France. The transaction underscores the companys strategic positioning as a pure reinsurer. Function: require_once, Message: Undefined variable: user_membership, File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php Hannover Rck SE - LEI Search Hannover Re establishes a branch in Mumbai, India, which is licensed for both property & casualty and life & health reinsurance. Gain a 360-degree view of Hannover Ruck SE and make more informed decisions for your business Find out more Headquarters Germany Address Karl-Wiechert-Allee 50, Hannover, 30625 Website www.hannover-re.com Telephone 49 511 56040 No of Employees 3,519 Industry Financial Services HDI Global Specialty was formed in 2019 as a joint venture between Hannover Re and HDI Global SE. We have been delighted to be part of this journey along with natural catastrophe experts from Hannover Re , Partner Re , Guy Carpenter and the Institute of Catastrophe Risk Management - NTU Singapore . 23226, 12100 Sunset Hills Road Hannover Re | LinkedIn 92707, 95 Glastonbury Boulevard LA Among other things, we will be very flexible in our ability to decide on potential M&A projects and take appropriate action.. Hannover Re is selling its 49.8% stake in the joint venture HDI Global Specialty SE to the majority shareholder HDI Global SE, effective Dec. 31, 2021. The Group's German business is written by the subsidiary E+S Rck. The Group has tailored its structure to four operating customer segments: The business segments Industrial Insurance, Private and Commercial Lines Germany, Private and Commercial Lines International and Property/Casualty Reinsurance. Alleghany was founded in 1929 and is based in New York, New York. Hannover Ruck SE (Hannover Re), a subsidiary of Talanx AG, is a provider of reinsurance products and services. +49 4951156040 Website: www.hannover-re.com What does Hannover Re do? Copyright 2023 CB Information Services, Inc. All rights reserved. Charlotte, Suite 500 The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. It has allowed IAG to have up to A$169m ($113m) of event retention for a first and second event. Hannover Re, with gross premium of more than EUR 24 billion, is the third-largest reinsurer in the world. The foundation is capitalised with DEM 1 million. The company offers property and casualty reinsurance products such as marine reinsurance, aviation reinsurance, credit reinsurance, surety reinsurance, property reinsurance, liability reinsurance, motor reinsurance, worldwide treaty reinsurance, catastrophe excess of loss (Cat XL) and structured reinsurance and insurance-linked securities. Suite 1060 You can manage your account online or contact us at your at your convenience. Suite 420 In the 1970s, the company entered the US and Japanese markets. VA HDI Global Specialty SE HDI-Platz 1 30659 Hannover / Germany. Dublin, Van Buren Township, MI 48111, Corporate mailing address The latest development comes shortly after IAGs Intermediated Insurance Australia subsidiary CGU Insurance announced the beginning of its collaboration with ANZ to provide its retail banking clients with general insurance solutions. [5], The majority shareholder of Hannover Re is Talanx AG with 50.2% of the voting rights. Dr. Mukadder Erdnmez will take over responsibility for the motor fleet business in addition to third-party liability and cyber insurance. As of 2016, it was a constituent of the MDAX trading index of German mid-cap companies. 13212, 13925 Ballantyne Corporate Place Contact an agent for a quote. San Antonio, HRI is part of the Hannover Re Group. TN PDF Solvency and Financial Condition Report - Central Bank of Ireland The Group's German business is written by the subsidiary E+S Rck. NY 28277, 545 Metro Place South The Hanover Insurance Company. Hannover Re was founded in 1966 and is based in Hannover, Germany. Bloomington, Learn more. The transaction L1 is followed by further innovative capital market transactions. It transacts all lines of property/casualty and life & health reinsurance and is present on all continents with more than 3,000 staff. Hannover Re (in German Hannover Rck) is a reinsurance company based in Hannover, Germany. At the same time, David Hullin (53), who to date has been responsible on the Board of Management for the property classes, will take over the management of the companys international markets together with Jens Wohlthat. NH Santa Ana, Thus, Hannover Re acquires the financial reinsurance activities of the HDI Group. AXA XL is a global insurance and reinsurance company. Central management combined with local talent, effective customer relationship. It is the third-largest reinsurance group in the world, with a gross premium of around 33 billion. Claims service or call 800-628-0250. Detroit, MI 48277-0360, Citizens overnight bill payment Function: _error_handler, File: /home/ah0ejbmyowku/public_html/application/views/page/index.php On 6 June, the company is established as "Aktiengesellschaft fr Transport- und Rckversicherung" (ATR) by the Feuerschadenverband Rheinisch-Westflischer Zechen (FSV) in Bochum. Hannover Re, headquartered in Hannover, Germany, and established in 1966, is a reinsurance company specializing in property, casualty, life, and health reinsurance solutions . 08873, 100 Wall Street TX NJ Beutter has many years experience of industrial insurance and the reinsurance business. Function: view, File: /home/ah0ejbmyowku/public_html/application/controllers/Main.php CO Hannover Re Company Profile: Stock Performance & Earnings - PitchBook Im shopping for insurance for myself or my family, Im shopping for insurance for my business, Endorsement or policy issue status: Press 3, Technical assistance with POS/TAP: Press 4, Coverage questions (including risk eligibility and underwriting assistance): Press 5. 24018, 520 Pike Street 4Di Capital, Acequia Capital, Allectus Capital, Allen & Company, Analog Devices, Bremer Bank, Convergence Partners, Delos Capital, Dietco, Errol Damelin, Halls Investments, Hannover Re, Invenfin, Lireas Holdings, Mogul Capital, Nedbank, OneBio, Rachel Diamond, Stellar Capital Partners, Tenhong Holdings, and Virgin Group. The Hanover Insurance Company Hannover Rckversicherung AG, Bahrain Branch is established for the underwriting of traditional reinsurance business in Arab countries. Houston, It employs 101-250 people and has $10M-$25M of revenue. In addition to the Sprengel Museum, Hannover Re supports other cultural institutions based in Hannover, such as the Wilhelm Busch Museum, the Kunstverein Hannover and the Kestnergesellschaft Hannover. Line: 479 New York, It markets and sells products through brokers and direct channel. Hannover Re acquires selected portfolios of Skandia International Insurance Company (SIIC), Stockholm, comprising life and health reinsurance, facultative reinsurance and aviation/space insurance, which ideally complement the existing book of business. In addition, IAG revealed that it has bought aggregate and third/fourth event reinsurance covers for the financial year 2024 (FY24) ending 30 June. The Group's German business is written by the subsidiary E+S Rck. Established in 1966, the Hannover Re Group now has a network of more than 170 subsidiaries, branches and representative offices worldwide. MD Hannover Re has 2 portfolio exits. NY In the 1970s, the company entered the US and Japanese markets. International Credit Insurance & Surety Association (ICISA), China National Investment & Guaranty Company, Zurich Insurance plc, Niederlassung fr Deutschland, https://en.wikipedia.org/w/index.php?title=Hannover_Re&oldid=1158665996, Financial services companies established in 1966, Creative Commons Attribution-ShareAlike License 4.0, Market capitalisation at year-end in m. EUR, This page was last edited on 5 June 2023, at 13:45. Excess Surplus It offers group and individual, retirement and lifestyle, credit life, and Takaful insurance. Hannover Re Sells Stake in HDI Global Specialty to Position Itself as Email us. Hannover Re places a subordinated debt issue of EUR 750 million on the capital market. The share is introduced at a price of DEM 75. Atlanta, The company achieves a breakeven result for 2005 despite historically unprecedented natural catastrophe losses in excess of EUR 1 billion for net account. Hannover Re also has its own art collection, which is continually expanded through purchases. 03925319, Artificial Intelligence: Leading Technology Companies, Cybersecurity: Leading Technology Companies, Electric Vehicles: Leading Technology Companies, Strategic Alliances Announced in Last 12 Months, Special Purpose Acquisition Corps. Underwriting me offers a distribution platform to intermediaries and insurers in the United Kingdom as well underwriting automation products to insurers around the world. Since March 2022 Hannover Re has been listed on Germany's blue chip DAX index. Suite 100 CA Financial details of the transaction were not disclosed. Function: _error_handler, Message: Invalid argument supplied for foreach(), File: /home/ah0ejbmyowku/public_html/application/views/user/popup_modal.php CT This German corporation or company article is a stub. 06095, 4600 South Ulster Street View contacts for Hannover Re to access new leads and connect with decision-makers. It is the third-largest reinsurance group in the world, with a gross premium of around 33 billion. Talanx | Ampega Formed in 2019 as a joint venture between Hannover Re and HDI Global SE, DI Global Specialty SE writes agency and specialty insurance business including financial & professional lines, D&O, legal expenses, sport and entertainment, aviation, offshore energy and animal insurance. Share this article. #260 Insurtech Startups Are Becoming Fully Licensed Insurers. Solutions & Services. In 1994, Hannover Re went public. MI 48075, 8300 Norman Center Drive As always, the new appointments to board of management positions are subject to approval by BaFin, the German supervisory authority. Hannover Re acquires a 50% participation in Hannover Life Re of Australasia Ltd (LRA), Sydney. No matter where your clients are doing business, you'll find that our specialists are well-schooled in local market regulatory environments and in navigating the unique risks associated with different regions . He was named CEO of Inter Hannover (International Insurance Co. of Hannover SE) in 2015 and has been CEO of HDI Global Specialty SE since 2019. The registered company name is changed from "Hannover Rckversicherungs-AG" to "Hannover Rckversicherung AG". Brookfield, Hannover Re establishes the representative office Hannover Re Escritrio de Representao no Brasil Ltda. PDF Hannover Re (Ireland) Designated Activity Company 2019 Line: 107 Syracuse, Department 77360 75206, 10375 Richmond Avenue Hannover Ruck SE Company Profile - GlobalData Hannover Re - Crunchbase Company Profile & Funding History 30009, 333 West Pierce Road Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Transportation, Infrastructure and Logistics, Top 10 Reinsurers in the World in 2021 by Written Premiums, Gain a 360-degree view of Hannover Ruck SE and make more informed decisions for your business, Karl-Wiechert-Allee 50, Hannover, Berlin, 30625, Gain access to our premium signals and make informed decisions for your business, Understand Hannover Ruck SE portfolio and identify potential areas for collaboration, Dive into past operations, including product releases, deals, acquisitions & more, Benchmark the company against the market with exclusive information on key competitors, Chart Financial activity with access to more key stats, Head - Property and Casualty Reinsurance- North America; United Kingdom, Ireland and London Market, Gain insight into Hannover Ruck SE key executives to enhance your sales strategy, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Suite 440 Hannover Re - Overview, News & Competitors | ZoomInfo.com History [ edit] Joint management is established with the affiliated company Eisen und Stahl Rckversicherungs-AG which was founded on 23 August 1923 in Cologne. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Nashville, In April, the company left global climate alliance, Net-Zero Insurance Alliance. HDI Global SE will then hold 100% of the shares. Denver, The quota share arrangements have been renewed providing materially consistent financial outcomes and are particularly valuable in a challenging reinsurance market. Verlan Fire Insurance Company. About us Hannover Re, with gross premium of more than EUR 33 billion, is the third-largest reinsurer in the world. You can read more about your. Their appointments will take effect from Jan. 1, 2022. Hannover Re is a company that operates in the Insurance industry. VA Hannover Re sells its stake in HDI Global Specialty to HDI Global. Jean-Jacques Henchoz (CEO), Clemens Jungsthfel (CFO), Sven Althoff (Property & Casualty reinsurance), Sharon Ooi (Property & Casualty reinsurance), Michael Pickel (Property & Casualty reinsurance), Silke Sehm (Property & Casualty reinsurance), Claude Chvre (Life & Health reinsurance), Dr. Klaus Miller (Life & Health reinsurance), Members of the Supervisory Board:[8] Hannover Re: Employee Directory | ZoomInfo.com report available on the market, Understand Hannover Ruck SE position in the market, performance and strategic initiatives, Gain competitive edge and increase your chances of success. Their latest acquisition was Argenta Holdings on March 22, 2017. 98101, 100 North Corporate Drive Its core businesses are reinsurance, insurance and asset management. Hannover Re, with gross premium of more than 24 billion, is the third-largest reinsurer in the world. Citizens Insurance Company of America The companys share capital amounts to DEM 5 million, gross written premium amounts to 0.05 million. Hannover Re promotes the diversification of its life and health portfolio: The company reaches agreement with Scottish Re (US) in 2011 on the acquisition of a reinsurance portfolio as part of a transaction. The Executive Board consists of R. Claus Bingemer (Chairman effective 1 September 1979) and Dr. Herbert Diel. C/O Branch Banking & Trust It transacts all lines of property & casualty and life & health reinsurance. Hannover ReTakaful B.S.C., Bahrain is established for the underwriting of worldwide reinsurance in conformity with Islamic law. The FY24 aggregate cover offers A$250m protection in excess of A$600m while individual qualifying events are fixed at A$200m in excess of A$50m per event. The company also provides reinsurance products for annuities, personal accident, and life and health. CA Talanx is headed by Talanx AG, which assumes the functions of a management and financial holding company within the Group but is not itself active in insurance business. Yves Betz, who is currently responsible for Europe (without Germany), Americas and Global Marketing, is leaving the company for personal reasons to take up a new professional challenge. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. PO Box 580045 It supports clients with the financing of new business and financial optimisation and offers product partnerships for strategic market positioning. Hannover Re's worldwide presence, infrastructure, and organizational approach are optimally geared towards our clients and market requirements. AZ We are dedicated to deliver individually tailored and comprehensive client support - everywhere in the world. Function: view, File: /home/ah0ejbmyowku/public_html/index.php Hanover, Niedersachsen, Germany 1001-5000 Public www.hannover-re.com/ 168,266 Highlights Stock Symbol XETR:HNR1 Investments 10 Exits 1 Contacts 388 Employee Profiles 3 Similar Companies 8 Recent News & Activity Active, Closed, Whether an Organization is for profit or non-profit. 48843, 4100 Embassy Drive Southeast Melville, Hannover Re launches Praetorian Financial Group, Inc., based in New York, as core specialty insurer, taking over the active specialty business of Clarendon. It also executes certain private capital investments. The company is now trading under the name Hannover Rck SE. Suite 630 In October 2022, Alleghany was acquired by Berkshire Hathaway at a valuation of $11.6B. Stock ticker symbol (e.g. Windsor, [6], Members of the Executive Board:[7] Suite 375 Office locations | The Hanover Insurance Group 30659 Hannover / Germany. Hannover Re acquired 2 companies. Navigating the Current Hard Market, Who is Paying for This? Hannover Re Group (hereinafter referred to as "Hannover Re" or "the Group") fulfils the minimum and solvency capital requirements (hereinafter referred to as MCR and SCR) stipulated by the su- pervisory authority as at the reporting date 31 December 2020 and in the financial year 2020. MI Its products and services include life reinsurance, living benefits reinsurance, group reinsurance, health reinsurance, financial solutions, facultative underwriting, and product development. The Talanx Group operates as a multi-brand provider with a focus on B2B insurance. Talanx is a German multinational financial services company headquartered in Hanover, Germany. Looking for an insurance agent? The firm's main products include a Protection Platform and a Decision Platform. Hannover Re | LinkedIn In 1981, the company made its first acquisition of a foreign insurance group the Hollandia Group (now Hannover Re Group Africa). 04101, 10490 Little Patuxent Parkway CB Insights Intelligence Analysts have mentioned Hannover Re in 1 CB Insights research brief, most recently on Jul 21, 2020. 30338, 2475 Northwinds Parkway Log in or call 800-628-0250. Please tell us what you liked about it. Hannover Re establishes Hannover Reinsurance (Ireland) Ltd. (HRI), Dublin, based at the International Financial Services Centre (IFSC), as a financial reinsurer. Hannover Re, headquartered in Hannover, Germany, and established in 1966, is a reinsurance company specializing in property, casualty, life, and health reinsurance solutions. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. HDI Global Specialty SE HDI-Platz 1 By continuing to use this site you are consenting to these choices. Phoenix, 8 Portfolio Exits 2 Partners & Customers 10 About Hannover Re Hannover Re (ETR: HNR1) is a global reinsurance company. In addition, the transaction frees up previously committed risk capital that will be available for future growth in the companys core business. Heres What It Means For The Industry, IAG and Hannover Re extend whole-of-account quota share deal, AFR: Hannover Rck SE: Preliminary announcement of the publication of financial reports according to Articles 114, 115, 117 of the WpHG [the German Securities Act], Average ROE of reinsurers in Fitch peer group decreased to 1.2% in 2022, AM Best Affirms Issue Credit Rating of Weston2038 LLCs Credit-Linked Note, European Bank for Reconstruction and Development. Hannover Re has since traded as Hannover Rck SE. The company is headquartered in the United Kingdom. PA In 1990, the acquisition of Hamburger Internationale Rckversicherungs-AG followed. Suite 200 Overland Park, The operational insurance business is conducted by the Group companies of the Talanx Group. As a consequence of the merger, ATR's head office is relocated to Hannover. Function: _error_handler, File: /home/ah0ejbmyowku/public_html/application/views/page/index.php Roseville, The Hannover Re Group today has a network of more than subsidiaries, 100 affiliates, branches and representative offices worldwide. Worcester, MA 01653-0002. In 1981, the company made its first acquisition of a foreign insurance group the Hollandia Group (now Hannover Re Group Africa). Their latest portfolio exit was Somerset Re on June 06, 2022. In order to improve diversification and reduce volatility, Hannover Re decides to expand its life and health business: The company acquires US life insurer Reassurance Company of Hannover (RCH), Orlando/Florida and the portfolio of Hamburger Internationale Rckversicherung (HIR). Hannover Re also has its own art collection, which is continually expanded through purchases. NOVA Casualty Company. IN Highlights Stock Symbol XETR:HNR1 Lead Investments 3 Investments 10 Exits 1 Funding Hannover Re is registered under the ticker ETR:HNR1 . Hannover Re moves into the new building in Karl-Wiechert-Allee 50, Hannover. Hit by heavy losses from the World Trade Center terror attacks, Hannover Re pays no dividend, but despite the unimaginable dimensions of the event achieves positive net income albeit on a modest level. Our offices. In October, Hannover Re is named winner of the "Capital Investor Relations Award" for companies listed on the MDax by the business magazine "Capital". 11747, 251 Salina Meadows Parkway IAG chief financial officer Michelle McPherson said: IAG has now renewed all four whole-of-account quota share reinsurance arrangements with leading global reinsurers. Its core businesses are reinsurance, insurance and asset management. MI The company provides insurance for aquaculture, equine and livestock, aviation and aerospace, construction, and more. It supports clients with the financing of new business and financial optimisation and offers product partnerships for strategic market positioning. Pay a bill or call 800-922-8427. It offers group and individual, retirement and lifestyle, credit life, and Takaful insurance. The task of the foundation is to acquire contemporary works of art and make them available to the Sprengel Museum on permanent loan. What is Hannover RE? Company Culture, Mission, Values Grand Rapids, Read More View Company Info for Free Who is Hannover Re Headquarters 50 Karl-wiechert-allee, Hannover, Lower Saxony, 30625, Germany Phone Number +49 4951156040 Website It provides primary marine insurance and reinsurance and expands rapidly in the international reinsurance markets in the first five years. Hannover Re changes from bearer shares to registered shares in order to improve its investor relations activities and favourably impact the share performance. Torsten Leue (Chairman), Herbert K. Haas, Natalie Bani Ardalan, Frauke Heitmller, Ilka Hundeshagen, Dr. Ursula Lipowsky, Dr. Michael Ollmann, Dr. Andrea Pollak, Dr. Erhard Schipporeit, Africa: Abidjan, Johannesburg Since 2014 there has also been an exhibition series entitled "Meisterschler" (Master Students) in cooperation with the Braunschweig University of Fine Arts.[11]. The Group's German business is written by the subsidiary E+S Rck.