- Encompasses established markets worldwide which are not included in the other segments but are closely tied to the worldwide network
- South Africa
- Treaty business in emerging markets of Asia and Latin America
- Agricultural risks written out of our Hannover office
- Catastrophe XL business written out of Hannover Re, Bermuda
- Structured reinsurance written out of Hannover and Dublin
- Responsible for insurance-linked securities and retrocessions
- Strong element of decentralisation with the ability to serve local markets directly and via brokers from the offices of our worldwide network
Asia-Pacific treaty reinsurance
We write property and casualty treaty business in the Asia- Pacific region from Home Office in Hannover and from our branch offices in Kuala Lumpur, Sydney and Shanghai. Further support is provided from our service company in Tokyo. 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 reinsurance.
Latin America and Iberian Peninsula treaty reinsurance
Property and casualty treaty business from the above geographical areas is written from Home Office in Hannover with support from our representative office in Rio de Janeiro and our service company in Madrid. Our expertise and organisation ensure that we play a leading role as reinsurers in these areas.
The Property & Casualty business group of Hannover Re in South Africa utilises three operating companies, namely Hannover Re Africa, Compass Insurance and Lireas Holdings. Each company has a unique function with the ultimate goal of generating profitable premium income for the Hannover Re Group. By providing all necessary services, capital and reinsurance facilities to help establish new ventures, we act as a
one stop shop for our clients.
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.
The underwriting of all reinsurance treaties covering the effects of large, primarily natural catastrophes (e. g. property cat xl) is concentrated in our 100% owned subsidiary Hannover Re Bermuda (HRB). HRB mainly provides property catastrophe protection covers on an excess of loss basis. Through our concentration of property catastrophe underwriting within a single unit, our cedants can feel confident that their programmes will be handled in a professional and time-efficient manner. To complement the volatility of catastrophe business for HRB, other lines are also written on a select basis.
Agricultural risks reinsurance
In the specialised area of agricultural, bloodstock and livestock insurance, the detailed expertise offered from our agronomists and veterinarians complements the reinsurance support. This allows the selection of profitable business on the one hand and ensures the development of customer orientated and innovative solutions on the other hand.
Hannover Re is one of the largest providers of tailor-made reinsurance solutions worldwide. Thanks to our many years of experience and our actuarial, balance sheet, accounting and underwriting expertise, our clients are able to profit from reinsurance solutions that are optimally tailored to their needs and can access a comprehensive range of services. Our product range is geared to reducing and optimising the cost of capital for our ceding companies. Please read more on our services and contact information here.
Our Hannover based department bridges the needs of reinsurance buyers with the demands of investors in the capital market. Knowing both sides, we perform as an aggregator and transformer of traditional reinsurance risks. In tailoring these risks to suit an investor's risks spectrum, we have the ability to retain certain risk elements within our Group.