- Responsible for specialty business worldwide, such as marine, aviation and space, credit, surety and political risks
- UK and Ireland treaty business
- Global facultative reinsurance written in our worldwide network
- Direct business written by our subsidiary International Insurance Company of Hannover (Inter Hannover)
- 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 and accept business in our Hannover, London and Stockholm offices.
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. Our professional services are available in our Hannover, London and Stockholm offices.
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.
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, 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.
Hannover Re writes direct business with the sole purpose of generating profitable reinsurance premium. Direct business is written through our subsidiary, International Insurance Company of Hannover (Inter Hannover). There are two major business streams: delegated authority business, where a well-defined underwriting authority is transferred to a third party, and single risk business, where underwriting authority is retained and each risk is considered on its own merits. We provide all necessary facilities and services required to establish new agencies and to further develop existing agencies.