Supporting contemporary art has traditionally been a concern for Hannover Re. In 1991, to mark its 25th anniversary, the company set up the Hannover Re Foundation to benefit the Sprengel Museum in Hannover. Opened in 1979, the Sprengel Museum itself ranks among the most prominent museums of twentieth-century art with its extensive collection and diverse programme of temporary exhibitions. The foundation's mission is to support art in Hannover through the acquisition of contemporary paintings and sculptures which are loaned to the Sprengel Museum.

In this spirit Hannover Re supports not only the Sprengel Museum but also the Wilhelm Busch Museum, the Kunstverein Hannover and the Kestnergesellschaft in Hannover.

Hannover Re also has its own art collection, which it began to assemble in the mid-1980s. Since then, the collection has been steadily enlarged. These days, decisions on acquisitions are taken by a Board of Trustees that has dedicated itself specifically to promoting contemporary art. The exhibits that make up the collection are displayed in the company's main premises in Hannover as well as in the surrounding garden areas and inner courtyards of the office complexes.

The series of exhibitions dedicated to "Masterclass Students" has been held since 2014. It profiles the work of students at Braunschweig University of Art on an annual rotating basis. Current works by four young artists taking the master class course are displayed in the foyer of the company's Home Office building in Hannover.

The cooperation with Braunschweig University of Art thus not only serves to promote young art and artists from the Lower Saxony region but also fosters mutual dialogue.