Press releases

[ 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.
[ 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.
[ 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.
[ 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
[ 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.
[ 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
[ 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