Hannover Re has been successfully trading in Canada since first obtaining its licence on December 19th, 1980. Over this period of time, we have established ourselves as a leading reinsurer in the Canadian market and we support a broad swathe of the insurance industry with their reinsurance needs.
The expertise that resides within Hannover Re, for all lines of P&C business, is made available to our intermediaries and clients as we strive to solve their reinsurance challenges.
Our office in downtown Toronto is responsible for all standard treaty and all facultative property and casualty business written in Canada. We are also able to offer the expertise of our credit and surety, political risk, marine and aviation, as well as our structured reinsurance specialists. Additionally, Hannover Re is an important provider of catastrophe coverage to the Canadian market. This capability is underpinned by our licensed status, which provides added comfort to our clients.
Oversight of the Canadian Branch is warranted through the Coordinating Market Department (CMD) in Hannover, headed by the General Manager Frank Rückert, who Laurel Grant reports to.
At Hannover Re we claim to be somewhat different and our Canadian operation truly lives up to this. Our core values and strategies include:
- Long term relations with our clients and brokers
- Committed broker market
- Strong focus on profitability rather than volume
- Lean and efficient organization and cost structures
- Outstanding speed and quality of service to our business partners
The Toronto office has a total premium income of CAD 300mio (2014). The main reason for the continuous success of the operations is the experience, professionalism and dedication of our staff.