The Hannover Re Milan office was established in 1988 in order to provide technical support to our head office in Hannover, which at that time was facing its first experience on the Italian Market.
The Hannover Re Milan office consists of the P&C department, which is a marketing unit for all Hannover Re Property & Casualty departments, as well as for Hannover Re Bermuda regarding CAT Business deriving from the Italian market, and the L&H department managing our life and health reinsurance business.
After having gradually transferred the technical know-how to the underwriters at our Hannover office and, while continuing its support in underwriting activities, the P&C local office now focuses mainly on marketing and representative tasks.
The P&C office structure is intentionally lean and flexible:
- Acts as intermediary between our clients and Hannover office
- Gathers and elaborates market information
- Actively participates in business transactions and conducts negotiations with clients
- Coordinates the activities of eight different underwriting centres in Hannover
- Attends meetings with clients
- Represents Hannover Re at the main national and international conventions
- Organises market conferences and events
Due to the importance of the Italian market within our Hannover office, our local office benefits from a widespread and prompt support from the Hannover Re organisation.
Since 2014 Hannover Re P&C local office - in order to further meet its clients' needs in the most appropriate way - offers training seminars focused on basic principles of reinsurance.