- Responsible for specialty business worldwide, such as marine, aviation and space, credit, surety and political risks
- Encompasses our largest property and casualty treaty market, North Amercia as well as UK and Ireland treaty business
- Global facultative reinsurance written in our worldwide network
- Predominatly centralised with underwriting control at Hannover and service provided mostly by travelling underwriters
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.
North America treaty reinsurance
Having started with our first acceptance in 1972, our involvement in the North American market has consistently grown through the cycles. While all underwriting is done directly out of Hannover, we maintain a local presence in the Chicago area. This is the base of our United States support marketing team and our experienced underwriting and claims audit group. Hannover Re has obtained accredited status in all 51 United States jurisdictions. Backed by the master trust fund our United States clients enjoy an unsurpassed level of security. Our Canadian business is written out of our office in Toronto.
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.
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.