Hannover Rück SE, parent company of Hannover Re Group – or „Hannover Re“, was founded in 1966 and went public in 1994.
The company has its roots in the property and casualty reinsurance business. Today, the business group Property & Casualty is predominantly centralised with underwriting control at Hannover and service provided mostly by travelling underwriters. A worldwide network of subsidiaries, branches and representative offices joins local talent with central management in special business areas, such as facultative, direct and catastrophe XoL business.
In order to diversify its portfolio, Hannover Re established life and health business as a strategic growth segment in 1990. It acquired US life insurer Reassurance Company of Hannover (RCH), Orlando/Florida and the portfolio of Hamburger Internationale Rückversicherung (HIR). Today, the Life & Health business group operates as a network of reinsurance companies, service companies and branch offices on all continents.