During challenging and uncertain economic times it is paramount that the partner you select has the financial capacity to pay claims.
By selecting HLRA you have the confidence in knowing that we have a long-term commitment to the Australasian life insurance as well as reinsurance market. Our life insurance and reinsurance business has been operating in the Australasian market since 1958. HLRA belongs to the Hannover Re Group.
Hannover Re Group
Hannover Re, with gross premium of more than EUR 27 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with more than 3,000 staff. Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide.
Standard & Poor’s, a rating agency of particular relevance to the insurance industry, assesses the financial strength of Hannover Re and therefore also HLRA on the basis of an interactive rating process and have awarded it very good rating AA-. The rating agency highlights in particular the strength of the Hannover Re Group’s competitive position, its capitalisation and its risk management.