All Hannover Re articles – Page 4
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NewsHannover Re’s Q4 profit slumps after nat cat hit
German reinsurance giant Hannover Re saw group net income decline 18.4 percent to Eur334.2mn in the fourth-quarter 2018 as major catastrophe losses cost the reinsurer Eur850m.
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Hannover Re’s Sehm succeeds Gräber on executive board
Hannover Re has appointed Silke Sehm to its executive board with oversight of French-speaking and Nordic markets in Europe as well as Central and Eastern Europe and catastrophe business.
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HDI takes Neon’s four strong bloodstock team
HDI Global Specialty SE - the new insurer created from the merging of the specialty lines activities of Hannover Re and HDI Global SE – has swooped on Neon for its bloodstock team.
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Hannover Re’s US insurance platform gets A+ rating
Hannover Re’s new US admitted insurance platform Glencar Insurance Company (GIC) has been assigned an A+ rating by AM Best.
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Talanx hits reduced Eur700mn target despite industrial loss
German (re)insurer Talanx has reported a net income of Eur703mn ($798mn) in 2018, marginally ahead of its Eur700mn target it revised downwards in October.
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Hannover Re grows top line by 15.4%
Reinsurance giant Hannover Re reported a 0.9 percent premium pricing increase on renewals at 1 January with an overall double-digit boost of 15.4 percent to the top line of its traditional P C portfolio.
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AM Best downgrades Talanx and Hannover Re’s new EUR1bn European carrier
AM Best has downgraded the financial strength rating and long-term issuer credit ratings of HDI Global Specialty SE.
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Talanx and Hannover Re’s new EUR1bn European carrier goes live
HDI Global Specialty SE – a new specialty commercial insurer has launched with EUR1bn ($1.2bn) of premium.
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Comment
For non-US reinsurers operating in the US reinsurance market—options for 2019 and beyond
On December 19, the National Association of Insurance Commissioners (NAIC) will vote on, and presumably approve, another set of changes to its model credit for reinsurance law and regulation. These changes are designed to implement the EU-US Covered Agreement and extend it to permit qualifying reinsurers in non-EU countries such ...
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Hannover Re pays tribute to passing of respected veteran Jürgen Gräber
Hannover Re has paid tribute to its executive board member Jürgen Gräber who passed away suddenly on Friday (9 November).
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Hannover Re posts 97 percent CR despite EUR271mn cat losses
Hannover Re has posted a combined ratio of 96.8 percent for the third quarter despite the flurry of cat losses which cost the German reinsurer EUR271mn.
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Hannover Re forecasts modest upswing for loss-affected German cat treaties
Hannover Re expects positive premium development in its domestic German market for the upcoming round of treaty renewals at 1.1, albeit at a more muted pace than in the previous year.
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Comment
Stemming the flow of the flood protection gap
Hannover Re’s Michael Pickel – who is responsible for P C reinsurance in North America and continental Europe – discusses what Hurricanes Harvey and Irma can teach carriers writing flood coverage in Europe
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Hannover Re takes 2018 cat bond issuance over $1.5bn
Hannover Re has demonstrated its pre-eminence in the ILS market with the issuance of a $125mn Californian wildfire cat bond, SD Re Ltd.
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Hannover Re aims for 10% GWP Boost as it forecasts rate stability
German reinsurance giant Hannover Re is “well on track” to achieve its 2018 year-end target of a 10 percent hike in gross premiums despite intense competition continuing to weigh in and shape pricing.
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Hannover Re CEO Wallin to be replaced by Swiss Re exec
The CEO of Hannover Re Ulrich Wallin will step down next year and be replaced by Swiss Re’s head of Europe, Middle East and Africa, Jean-Jacques Henchoz.
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Hannover Re’s P&C premiums climb 19% as losses cost less than expected
Top line in Hannover Re’s property and casualty division swelled by 19.2 percent in the first half of the year driven by a surge in demand for structured reinsurance solutions, the big four reinsurer has said.
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Munich Re still largest reinsurer as Berkshire leapfrogs into third place
Munich Re remains the industry’s largest reinsurer after writing $35.67bn of reinsurance premiums in 2017 with Swiss Re in second place and a $29.95bn book.
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Hannover Re beats as premiums climb
Hannover Re has beaten analyst forecasts for its first quarter profits and seen its gross written premiums climb strongly in the first three months of the year.
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Hannover Re forms Lloyd’s SPA 6134
German reinsurer Hannover Re has created the fifth new Lloyd’s Special Purpose Arrangement (SPA) Syndicate 6134, managed by the Lloyd’s managing agency Argenta which it acquired last year.
