Press releases

[ 2014-12-16 ] Hannover Re places protection cover for extreme mortality risks
Hannover Re has successfully placed a swap for extreme mortality scenarios on the capital market. This multi-year protection cover hedges life insurance risks against a severe increase in mortality rates – resulting, for example, from pandemics – in the United Kingdom, Australia and the United States.
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[ 2014-11-05 ] Interim Report 3/2014: Hannover Re substantially increases Group net income
  • Group net income +10.3%: EUR 695.4 million (EUR 630.2 million)
  • Net major losses of EUR 242.2 million well below the expected level
  • Combined ratio in property and casualty reinsurance: 95.3%
  • Gross premium growth (currency-adjusted): +2.9%
  • Income from assets under own management +6.4%: EUR 836.0 million (EUR 785.6 million)
  • Return on investment: 3.3%
  • Book value per share: EUR 58.01
  • Return on equity: 14.4%
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[ 2014-10-20 ] Hannover Re subsidiary anticipates stable conditions in the German market
E+S Rück – which bears responsibility within the Hannover Re Group for German business – expects to see broadly stable conditions and prices in the treaty renewals as at 1 January 2015.
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[ 2014-10-09 ] Hannover Re wins award for innovation
At this year's Insurance Conference Munich (inscom) Hannover Re was the recipient of the "I3 Award" in the category of Design Innovation for the "Energie Einspar Protect" (EEP), an energy savings product developed jointly with b2b Protect GmbH.
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[ 2014-09-15 ] Reinsurance conference in Monte Carlo: Hannover Re committed to portfolio consolidation and reliability in times of intense competition
Despite the soft market conditions in property/casualty reinsurance, Hannover Re sees growing demand for high-quality reinsurance protection in view of rising concentrations of values in urban population centres and the implementation of risk-based solvency schemes.
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[ 2014-09-08 ] Hannover Re issues additional hybrid capital
Hannover Re has successfully placed a new subordinated bond on the capital market. The issue was placed predominantly with institutional investors in Europe.
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[ 2014-08-08 ] AXA France and Hannover Re announce the conclusion of the first longevity swap on the French market
The reinsurance treaty covers more than 22,000 insured with associated pension liabilities which represent nearly EUR 750 million.
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[ 2014-08-06 ] Hannover Re very satisfied with the first half of 2014
  • Group net income +4.9%: EUR 444.4 million (EUR 423.5 million)
  • Income from assets under own management +6.2%: EUR 532.6 million (EUR 501.4 million)
  • Return on equity: 14.5%
  • Net burden of major losses low at EUR 104.7 million
  • Gross premium income: currency-adjusted +0.4%
  • Combined ratio: 95.0% (94.4%)
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[ 2014-07-02 ] Hannover Re transfers US named storm risks to the capital markets
Hannover Re has completed a new transaction as part of its extended insurance-linked securities (ILS) activities. The company has transferred named storm risks for the Texas Windstorm Insurance Association (TWIA) to the capital markets. The assumed risks are limited to the state of Texas.
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[ 2014-06-10 ] Hannover Re assumes another portfolio of longevity risks in the United Kingdom
Hannover Re has concluded another block transaction for longevity risks. Pension liabilities of altogether GBP 1.6 billion (EUR 2 billion) assumed in cooperation with the UK-based Pension Insurance Corporation have for the most part been transferred to Hannover Re.
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[ 2014-05-07 ] Hannover Re: Annual General Meeting adopts all proposed resolutions
The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a gross dividend of EUR 3.00 per share for the 2013 financial year.
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[ 2014-05-07 ] Interim Report 1/2014: Hannover Re makes a good start to the 2014 financial year
  • Return on equity: 15.3%
  • Combined ratio: 94.4% (94.0%)
  • Net major loss expenditure at a moderate EUR 30.6 million
  • Investment income +1.8%: EUR 361.2 million (EUR 354.7 million)
  • Group net income +0.7%: EUR 233.0 million (EUR 231.2 million)
  • Gross premium income: -0.7% adjusted for exchange rate effects
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[ 2014-03-11 ] Hannover Re appoints new member of the Executive Board
The Supervisory Board of Hannover Rück SE has appointed Sven Althoff (44) as a member of the Executive Board with effect from 1 August 2014. Sven Althoff will succeed André Arrago, who is retiring at the end of August 2014. Mr. Arrago has served on the Executive Board since 2001 with responsibility for non-life treaty reinsurance worldwide.
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[ 2014-03-11 ] Annual Report 2013: Hannover Re achieves new record result
  • Group net income up 5.4% to EUR 895.5 million (EUR 849.6 million)
  • Dividend proposal for 2013: EUR 3.00 per share
  • Return on equity: 15.0% (15.4%)
  • Non-life reinsurance delivers excellent profit contribution
  • Combined ratio: 94.9% (95.8%)
  • Currency-adjusted growth in gross premium: + 4.2%
  • Major loss expenditure of EUR 577.6 million below the major loss budget
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[ 2014-02-06 ] Hannover Re satisfied with treaty renewals
  • Good rate quality preserved in competitive environment
  • Selective underwriting led to 2% contraction in premium volume
  • Price increases in loss-impacted areas
  • Solid prospects for 2014 despite softer market conditions
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