Facts and figures
Hannover Re was established in 1966 under the name "Aktiengesellschaft für Transport- und Rückversicherung". The gross written premium has since grown from EUR 0.05 million to around EUR 13.8 billion in 2012. The company transacts non-life reinsurance since 1966. Life and health reinsurance is a strategic growth segment since 1990.
The principal shareholder is Talanx AG which holds 50.2% of Hannover Re's shares. The Initial Public Offering took place on 30 November 1994, a Second Public Offering on 12 June 2003. Principal shareholder of Talanx AG is HDI Haftpflichtverband der Deutschen Industrie V.a.G., which holds 82.3% of Talanx AG's shares.
The company's overarching objective is to expand its position on the international reinsurance markets as a major reinsurance group of above-average profitability with an optimally diversified portfolio.