The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings.

Fundamentals behind rating agency assessment of Hannover Re

Very strong competitive position

Very strong capital and earnings

Moderately high risk exposure

Neutral funding structure

The importance of good ratings

Very good financial strength ratings from major rating agencies is one of the most important prerequisites for a reinsurer to be able to participate in the reinsurance market.

Primary insurers depend to a great extent on these ratings in their assessment of the security of the reinsurer, influencing the formers' decision to place business with the latter or not (and to what extent/in which lines of business). Rating agencies such as Standard & Poor's and A.M. Best therefore provide current opinions about reinsurers.

They observe the reinsurers' ability to pay claims on their policies and contracts in accordance with the terms agreed with the cedants. The main focus of the rating agencies' assessment lies on financial performance, strategic positioning and long-term ability to cover damages.

A first class rating is now more important than ever to be a key player in the international reinsurance market. Hannover Re has an interactive rating agreement with Standard & Poor's and A.M. Best, which means that these two rating agencies have access to confidential information about our company.

The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings:

Subsidiary ratings

Ratings of Hannover Re Group's subsidiaries

Company nameA.M. Best
A.M. Best
Standard & Poor's
Standard & Poor's
Hannover Rück SEA+stableAA-stable
E+S Rückversicherung AGA+stableAA-stable
Hannover Re (Ireland) DACA+stableAA-stable
Hannover Re (Bermuda) Ltd.A+stableAA-stable
Hannover Re South Africa Ltd.*----AA-stable
Hannover ReTakaful B.S.C. (c)----A+stable
Hannover Life Reassurance Co. of AmericaA+stableAA-stable
Hannover Life Reassurance Co. of America (Bermuda) Ltd.A+stableAA-stable
Hannover Life Reassurance of Australasia Ltd.----AA-stable
Glencar Insurance CompanyA+stable----

*Hannover Re South Africa Ltd. benefits from parental guarantees provided by Hannover Rück SE (the “Guarantor”). The guarantees cover all payment obligations of Hannover Re South Africa Ltd. in respect of insurance and reinsurance contracts issued. The guarantees are unconditional and continuing and shall be binding upon the Guarantor. The owners of the insurance and reinsurance contracts issued by Hannover Re South Africa Ltd. are third party beneficiaries of these guarantees.


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