The first reinsurance contract written by Hannover Re in the greater China region can be traced back to 1971. In order to provide better services to our clients in this region, our Shanghai representative office was established in 1997 then converted to a branch entity in 2008. We received CIRC’s approval in 2009 to expand the business scope of our Shanghai branch office from Life & Health reinsurance only to also cover the Property & Casualty business.
At Hannover Re we claim to be 'somewhat different' and our Shanghai operation truly lives up to this. Our purpose. "Beyond risk sharing - we team up to create opportunities", is supported by our core values - namely responsibility, we-spirit and drive - which have shaped our business approach.
Our Shanghai P&C teams provide both treaty and facultative reinsurance solutions to the clients in the greater China region including Mainland China, and as of 1 January 2021 additionally for Hong Kong, Macau and Taiwan.
The Business Departments comprise of:
- Treaty Department
- Facultative Department
- Technical Services Department
- Specialty Business Department
- Project Management Department
- Liability Department
The Service Departments comprise of:
- Finance & Accounting Department
- Claim Services Department
- Risk Management & Legal Compliance Department
- IT Services Department