Our purpose: Beyond risk sharing, we team up to create opportunities
We were founded as an in-house reinsurer and started small, a new kid on the block, proving ourselves every day for over fifty years. We’ve grown into a company with the resources of a major player and the flexibility of a boutique one.
We enable industries and people to recover from distress and move forward. By expanding the availability of insurance and reinsurance we improve the lives of many, opening up new avenues and creating fresh opportunities. We promise to work in concert with our clients, our partners, and our shareholders to do more than just preserve the status quo.
We are pragmatic, specialised and highly focused on costs. Our strong underwriting culture, our focus on client partnerships, our lean operating model and efficient capital management have enabled our company to deliver attractive returns and industry outperformance in the past decade.
And beyond that decade lay more than forty years of cutting out a somewhat different path by our people who are hands-on smart do-ers. Our purpose and common values implicitly guided us all along – and will continue to do so in the future.
Our values: Responsiblity, drive, we-spirit
Responsibility and purpose
Responsibility means we have integrity, we take ownership and we are empowered to master the challenges that lie ahead. Our people stay and live with the consequences of their actions. Responsibility shapes how we go beyond risk sharing.
Our first responsibility is to help our clients. We are empowered to deliver fast and we search for new solutions that meet the needs of our clients and help in closing the protection gap - worldwide. This way we play a crucial role in keeping industries and people going.
We-spirit and purpose
At Hannover Re, we have we-spirit. We all contribute to common success, we value every individual within Hannover Re, we embrace diversity and we foster a culture of respect. This has been an important value for us, and we want to maintain and foster this in the future. From a we-spirit angle we look at our purpose where teaming up is a winning approach.
Our people are in the company for a long time and we often have a long history with our clients. At Hannover Re you learn and you grow, sometimes even from trainee to managing director. We have home-grown members in our executive board, we have developed experts and we have long-term connections with our clients. We build up a corporate memory towards our clients which enables us to see opportunities, find solutions, and speed up execution.
Drive and purpose
We are open-minded and give things a try. Our drive pushes our ambition to increase the success of our clients and to strive towards creating opportunities every day.
We are pragmatists and hands-on by nature and we have always had this urge to get going and tackle problems instead of losing ourselves in long discussions. We have grown into a big company we have remained nimble. We help our clients as if we still were a much smaller enterprise: fast, flexible and undogmatic.