Hannover Re has a long history in and commitment to Australia. The first contract was written in the 1970’s and with a growing portfolio, Hannover Rückversicherung AG - Australian Branch (ABN 88 002 927 031) was registered as a foreign corporation in Australia in 1985. Littlewoods Services Pty. Ltd. Limited was appointed to provide administration, claims, regulatory- and accounting services whilst underwriting remained in Hannover.
In 2004, the local facultative underwriting operation went local and Treaty P&C in 2012 at which time all functions were effectively performed locally.
The branch and business have since developed further and moved to L33, 100 Barangaroo Avenue into new premises in March 2018. In the same year a few months later, the transition to a fully fledged operation with all services was completed and the previously outsourced functions are now performed in-house.
Today Hannover Re is the 3rd largest P&C reinsurer in Australia and underwrites all classes of Property & Casualty Treaty and Facultative business. It is led by Michael Eberhardt as Branch Manager. Ross Littlewood is the Agent and Michael Marx the Senior Officer Outside Australia (SOOA).
At Hannover Re we claim to be somewhat different and our Australian operation truly lives up to this. Our core values and strategies include:
- Local expertise combined with global knowledge
- Long term relations with our business partners
- Strong focus on profitability rather than volume
- Outstanding speed and quality of service to our business partners
- Lean and efficient organization and cost structures
The combination of local accessibility and global knowledge allows us to provide flexible, innovative and competitive reinsurance solutions for our business partners.