Archive 1998
[ 1998-12-17 ]
Hannover Re welcomes a new member to its Executive Board
With effect from January 1, 1999, Dr. Detlef Steiner (52) will assume responsibility as a member of the Executive Board at Hannover Re.
[ 1998-09-25 ]
First US GAAP accounts of a German insurance organization
Wilhelm Zeller, Chairman of Hannover Re's Executive Board, presented a US GAAP ("generally accepted accounting principles") reconciliation of the Group annual accounts at today's Annual General Meeting of the company.
[ 1998-08-25 ]
Hannover Re to acquire U.S. specialty insurance group
Hannover Re has reached an agreement in principle to acquire all outstanding shares of Clarendon Insurance Group, New York, for USD 500 million in cash. Clarendon is one of the few leading writers of program business in the United States.
[ 1998-08-05 ]
1997: Third record year in succession
Gross premium income + 21.0%; life and health reinsurance + 75.3%;
investments + 20; investment result in excess of DM 1 billion for the first time (+ 23.8%); Skandia acquisition completed;
return on equity 15.9%;
fifth dividend increase in a row;
market capitalization more than doubled
[ 1998-06-30 ]
Acquisition of Skandia International portfolio successfully completed
The Swedish supervisory office has approved the portfolio transfer agreed with Skandia International on 22 September 1997. The complex transaction required the approval of more than 100 government and supervisory agencies worldwide.
[ 1998-06-04 ]
Hannover Re steps up in Financial Reinsurance
Hannover Re is firmly resolved to expand substantially its strategic business segment of financial reinsurance in which it has and holds a leading position since the late 70ies.
[ 1998-06-04 ]
Provisional result for 1997
- Third record result in succession
- fifth consecutive dividend increase
With a 12.9% increase in the profit for the year to DM 122 million, the Hannover Re Group anticipates its third successive record result. The news was announced by Wilhelm Zeller, Chairman of the Executive Board, at a press conference in Frankfurt.
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