Press releases

[ 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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