Infoletter 5/2004 dated 26.10.2004
Hannover Re named "Reinsurance Company of the Year" for the third time
Having been crowned "Reinsurance Company of the Year" only last year by the UK trade magazine "Reactions", the company has now been awarded this title by the highly respected international trade journal "The Review". Hannover Re is thus the only reinsurer to have received this distinction on three occasions – following on from 1998 and 2001..
This award recognises the unparalleled performance of Hannover Re. In eleven consecutive quarters the company has impressed with excellent operating profits (EBIT) and after-tax results. The year-end closing for the 2003 financial year marked another high point in the success story of Hannover Re. Most strikingly, the company thereby convincingly demonstrated the further improvement in its market position relative to its competitors. The citation states that Hannover Re has been particularly successful in exploiting the opportunities offered by the hard market and has thus emerged as one of the major winners of recent years.
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