- Responsible for specialty business worldwide, such as marine, aviation and space, credit, surety and political risks
- Asia-Pacific business
- UK and Ireland treaty business
- Global facultative reinsurance written in our worldwide network
- Underwriting both centrally and decentrally, using travelling underwriters and local offices
Aviation treaty and facultative reinsurance
Hannover Re is one of the recognised leaders in aviation reinsurance. We are present in all classes, including space and are well equipped and prepared to offer quoting and leading services, especially on a non-proportional basis. We write aviation reinsurance both on a treaty and facultative basis.
Marine treaty and facultative reinsurance
Historically, marine reinsurance has been underwritten by Hannover Re since its very beginning in 1966. Today we write all classes of marine, both treaty and facultative.
Credit, surety and political risk treaty and facultative reinsurance
Our specialised Home Office division in Hannover for worldwide credit, surety and political risk reinsurance is not just a core unit within Hannover Re, but also one of the few true leaders in this market. Although proportional credit treaties still make up the majority of our portfolio, we actively write and quote non-proportional covers, related credit lines and facultative business.
We write property and casualty business in the Asia- Pacific region from our branch offices in Kuala Lumpur, Mumbai, Shanghai and Sydney. Further support is provided from our service company in Tokyo and of course from Home Office. We are one of the leading reinsurers in this area, which encompasses a mix between mature and emerging markets. We quote and lead all types of treaty and facultative reinsurance business.
UK and Ireland treaty reinsurance
Due to its unique set-up, the dominating role of the reinsurance broker, the role of Lloyd's and the remaining London Market as a hub for specialty risks worldwide, we have established our London Market unit as Hannover Re's dedicated counterparty for its reinsurance demands. Beyond the London Market, we also serve the rest of the United Kingdom and Ireland.
Hannover ReTakaful is a fully Sharia-compliant company, based in Bahrain, that provides reinsurance of Takaful companies worldwide in all lines of business, on a proportional, non-proportional and facultative basis. With the establishment of Hannover ReTakaful in 2006, Hannover Re was the first of the major reinsurance groups to devote itself to the emerging Islamic insurance market with its own exclusive fully Sharia-compliant retakaful operation. Currently, Hannover ReTakaful's clients are spread worldwide. Hannover Re also established a branch for traditional reinsurance business in Bahrain.
Global facultative reinsurance
Global facultative is in charge of all of Hannover Re's facultative Property & Casualty business, other than the cases mentioned above. It is conducted through a network of centralised as well as decentralised centres. Global facultative offers services and single risk solutions for property, engineering, energy onshore, casualty, multinational clients and specialty lines, such as professional indemnity, directors and officers, medical malpractice, personal accident and contingency. In addition we offer e-business solutions and handle facultative business via online platforms.