- Encompasses French speaking countries (including those in North Africa), Northern and Eastern Europe, Greece, Türkiye and Israel treaty reinsurance
- South Africa
- 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
French speaking countries (including those in North Africa), Northern and Eastern Europe, Greece, Türkiye and Israel treaty reinsurance
This division writes property and casualty treaty business in currently 35 different countries from our offices in Hannover, Paris and Stockholm. We are among the top three companies operating in the emerging CEE markets with significant shares particularly in non-proportional reinsurance and we operate in all lines of property and casualty business in which we quote and lead all types of treaty. In the developed markets of Central and Northern Europe we focus on traditional treaty reinsurance for standard lines of reinsurance business.
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.
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.
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.