P&C treaty business is core to Hannover Re. Most of the business is centralized in our home office in Hannover, but we see a great value in writing the Nordic treaty portfolio out of the local office in Stockholm. This brings our underwriting closer to our clients, still with the capacity and support of the whole group. With our strong rating and longstanding relations in the market, we are a reinsurance partner to most Nordic insurers – from the smallest local companies to the largest Pan-Nordic players.
Our facultative operations have a bloodline descending decades. It is safe to say we have been in the forefront of facultative reinsurance in the Nordic countries for a very long time. Our guiding principles remain the same, experts providing flexible and timely solutions to risk requirements for insurance companies, captives and brokers. Being experts within their fields, many of our very experienced underwriters are also members of so called “Centres of Competence” within Hannover Re, providing expertise and experience to colleagues around the world. Our major market is, of course, the Nordic countries but the Stockholm office is also responsible for facultative business in the Baltic States and Israel.
In addition to our professional underwriting, our back office functions form a fundamental part of the department. From accounting to legal and claims, our team carries the highest level of expertise to the benefit of our business partners.
Inter Hannover samples:
The Aviation department in Stockholm operates on a legacy dating almost 50 years back in time. Inter Hannover is a highly regarded and recognized in the global aviation insurance industry. We write all classes including Airline, Products, Airports, War and General Aviation.
We are policy leader and offer our clients complete services including policy issuance and claims handling. We are a highly skilled, accessible and very experienced team of professionals. We take pride in our many long-standing client relationships and have a great understanding of each client’s specific requirements and operations.
We are clear market leader in the Nordic area in all segments we choose to write, from UAS, Flying Clubs, Business Jets up to Regional Airlines.
Inter Hannover recognized the importance of safety developments in the Aviation industry as well as the progress made by the Aviation insurance community in many areas. We are active members of the International Union of Aerospace Insurers (IUAI).
The marine department provides insurance cover for traditional marine classes Hull and Cargo/Liabilities, but we have also a specialist unit devoted to insurance of Political Risks.
We provide Cargo insurance for all types of goods in transit whether it is for a large manufacturing company or a trading company, we provide tailor-made coverage to suit their individual needs. We have a specialized knowledge in providing cover for Cash in Transit.
We provide insurance solutions for Hull & machinery, Hull interests, Loss of hire and special insurances relating to ships emanating or brokers from our region, Nordic and Baltic States.
Inter Hannover has provided insurance for losses resulting from war on land, confiscation and terrorism for 25 years, both as direct insurance and/or reinsurance.
Political Risk cover both fixed assets and includes both physical damage and business interruption following such damage. Risks are underwritten on a global basis in terms of both clients and exposures.