Somewhat different
Hannover Re claims to be the "somewhat different reinsurer": We are swift, flexible, undogmatic and cut our own path. We do not seek to imitate our competitors, We aspire to be the best option for our business partners when it comes to choosing a reinsurance provider.
Profitable growth
Volume is vanity, profit is sanity
- We only grow in segments with attractive profit margins.
- Efficient capital management: diversification and use of hybrid capital, securitisations and retrocessions
- Lean structures, low administrative expense ratio
Non-life reinsurance
A no frills, opportunistic player
Our portfolio is well diversified into three large divisions:
- Target markets North America, Germany
- Specialty lines
- Global treaty, catastrophe and facultative reinsurance
Central underwriting combined with local talent is the key to our success .
- Lean, efficient infrastructure
- Cycle management: We only grow our market share in "hard" markets
- Reserve adequacy is No. 1 priority in our risk management
- Distribution predominantly through brokers
- Consulting expertise and services are made available, first and foremost, to value-creating clients.
Life and health reinsurance
Long-term business relationships bring benefit to both parties
We focus on five areas of business (our "five pillars"):
- Financial Solutions
- New Markets
- Bancassurance
- Multinationals
- Conventional Reinsurance
Our decentralised underwriting approach and risk management secures sophisticated customer relationship management.
- Worldwide infrastructure supports market position
- We do consider acquisitions but pay no strategic prices
- Sales activities are carried out without the use of intermediaries
- Ability to differentiate between value-creating and value-destroying clients
- We create win-win situations (don't play zero-sum games)