Archive 2006
[ 2006-12-13 ]
Hannover Re sells Praetorian Group to Australian insurer
Hannover Re today reached agreement to sell its US subsidiary Praetorian Financial Group, Inc., New York, to QBE Insurance Group Ltd., Sydney, Australia.
[ 2006-12-08 ]
Hannover ReTakaful
Hannover Re launches subsidiary for Sharia-compliant reinsurance in Bahrain
[ 2006-11-14 ]
Press Release on Interim Results 3/2006
Hannover Re reports gratifying interim result
- Return on equity 18.6% after tax
- All business groups on target or better than planned
- Major losses in property and casualty reinsurance only 3.1% of net premium
- Operating profit (EBIT) 707 million euro
- Group net income 380 million euro
- Earnings per share 3.15 euro
- Book value per share +9.4% since the turn of the year
- Profit forecast for 2006 raised
[ 2006-08-08 ]
Press Release on Interim Results 2/2006
Highly satisfactory semi-annual result for Hannover Re
- Return on equity 19.9% after tax
- Gross premium growth +12.8%
- Major losses in property and casualty reinsurance just 2.7% for net account
- Operating profit (EBIT) +29.7%
- Group net income +4.2%
- All four business groups generate satisfactory return on equity
[ 2006-07-31 ]
Hannover Re uses CAT bond to protect against European windstorm risks
Hannover Re has for the first time used a traditional CAT bond in its array of risk management tools.
[ 2006-05-12 ]
Press Release on Interim Results 1/2006
Hannover Re starts the new financial year on a positive note
- Growth in gross premium income +8.9%
- Operating profit (EBIT) +38.6%
- Net income for the quarter +7.6%
- All four business groups generate positive result above the cost of capital
- Return on equity 16.2%
[ 2006-05-12 ]
Press Release on Annual General Meeting 2006
Annual General Meeting approves all proposed resolutions
[ 2006-03-23 ]
Press Release on Annual Results 2005
Hannover Re achieves breakeven result for 2005 despite historically unprecedented natural catastrophe losses
[ 2006-03-07 ]
Hannover Re fundamentally reorganises its US specialty business with Praetorian launch
Hannover Re is fundamentally restructuring its US primary insurance business: all specialty business – henceforth the strategic focus – is to be transferred to the newly established Praetorian Financial Group, Inc.
[ 2006-02-07 ]
Hannover Re satisfied with renewal season
- Stable premium despite reduced risks
- Rate increases: up to 100% and more in hurricane-exposed regions, up to 200% in marine business, other segments stable
- New pricing models implemented on the market
- Return-on-equity target for 2006: at least 15%
[ 2006-02-01 ]
Rod Fox to lead Hannover Re's US specialty insurance operations as CEO of Clarendon Group
- Former CEO of Benfield U.S. brings 20-year track record of building insurance businesses and deep familiarity with Clarendon’s operations
- Steven Najjar appointed CEO of Hannover Finance Inc.
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