Hannover Re, with gross premium of EUR 16.4 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 2,900 staff. Established in 1966, the Hannover Re Group today has a network of more than 100 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".
The principal shareholder is Talanx AG which holds 50.2% of Hannover Re's shares. The Initial Public Offering took place on 30 November 1994, a Second Public Offering on 18 February 2004. Principal shareholder of Talanx AG is HDI Haftpflichtverband der Deutschen Industrie V.a.G., which holds 79.0% of Talanx AG's shares.
The company's overarching objective is to expand its position on the international reinsurance markets as a major reinsurance group of above-average profitability with an optimally diversified portfolio.