Archive 1997
[ 1997-09-22 ]
Hannover Re acquires Skandia International's Portfolio
With effect from 1.1.1997, the Hannover Re Group acquired the entire portfolio of life and health reinsurance, facultative reinsurance and aviation/aerospace direct insurance of Skandia International Insurance Company, Stockholm.
[ 1997-08-22 ]
Hannover Re with innovative dividend policy
This year, Hannover Re will again be distributing the entire after-tax profit for the financial year to shareholders. Shareholders will be able to choose whether they prefer to receive the traditional cash dividend or a stock dividend along US lines in the form of new shares. The new dividend system enables shareholders to finance new Hannover Re shares without paying in additional funds.
[ 1997-08-06 ]
1996: New record year for Hannover Re
Hannover Re, the fifth-largest reinsurer in the world, reported new record results for the 1996 financial year. As stated by Wilhelm Zeller, Chairman of the Executive Board, at the press briefing on the annual results in Hannover, the Group's after-tax profit for the financial year recorded another year-on-year improvement to reach DM 108 million.
[ 1997-08-06 ]
Personnel information
Dirk Lohmann (38) has requested the Supervisory Boards of Hannover Rückversicherungs-AG and E+S Rückversicherungs-AG to grant him a premature discharge from his contractual obligations in order to be able to take up other tasks within the industry. Lohmann joined the company in 1980, and had been a member of the Executive Board since 1994; his areas of responsibility included North America, financial reinsurance and marine/aviation business.
[ 1997-07-22 ]
Hannover Re opens office in China
Effective 16 July 1997 Hannover Re has received official approval from the People's Bank of China to open a Representative Office in Shanghai. With the abolition of the old monopoly in the Chinese insurance market, China has been a priority market for the world's fifth-largest reinsurer ever since last year
[ 1997-07-02 ]
Excellent 1996 results for Irish Subsidiaries
The Irish Subsidiaries of the Hannover Re Group, Hannover Re (Ireland) Ltd. and E+S Re (Ireland) Ltd., report another very successful year 1996
[ 1997-07-05 ]
1996: Hannover Re expects another record year
Hannover Re expects to increase its 1996 group profit before tax by 36% to 158m DEM.
[ 1997-01-31 ]
Very favourable business development in 1996
Hannover Re shares upgraded - Analysts have changed their recommendation from 'neutral' to 'outperformer'
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