Sharia-compliant solutions for global resilience

Retakaful business

In a world of diverse insurance needs, Hannover Re supports the growth of the global takaful industry with Sharia-compliant solutions via its subsidiary Hannover ReTakaful. With deep technical expertise across all lines of business, we provide client‑centric solutions that empower our partners globally to navigate evolving risks while staying true to their values. We team up to foster resilience and opportunity in emerging and established takaful markets.

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We provide superior retakaful capacity and bespoke support – enabling our partners to thrive in a dynamic, values-driven market.

Empowering Islamic insurance worldwide

Retakaful solutions rooted in Sharia compliance

We provide Sharia-compliant retakaful solutions across all general lines of business – supporting takaful operators in managing risk while adhering to Islamic principles. Our offerings are approved by a dedicated Sharia Supervisory Board and designed to meet the diverse needs of Islamic cooperative insurers. By combining technical excellence with cultural understanding, we help our partners strengthen their portfolios and contribute to the sustainable growth of the cooperative/takaful industry.

Tailored support for every line of business

At Hannover Re, we go beyond capacity provision. Our retakaful team offers bespoke training and development support – helping clients navigate both technical and regulatory aspects of retakaful. We work closely with our partners to co-create solutions that reflect their market realities and strategic goals.

"Our retakaful team combines deep technical expertise with a genuine understanding of Islamic insurance principles. We are proud to support our partners with Sharia-compliant solutions that foster trust, resilience and long-term growth."

Olaf Brock, Managing Director & Chief Executive Officer - Hannover ReTakaful and General Manager - Hannover Re Bahrain Branch

A dedicated team at the heart of retakaful

Regulated by the Central Bank of Bahrain, Hannover ReTakaful B.S.C. (c) is our specialised subsidiary for Sharia-compliant retakaful business. Established in 2006, the company holds an A+ rating from S&P and operates with an authorised capital of USD 135 million and a fully paid-up capital of USD 54 million. Today, it manages contribution volumes exceeding USD 170 million and an asset base of USD 423 million – reflecting its strong market position and financial stability.

Hannover ReTakaful B.S.C. (c) serves as a gateway to one of the world’s most rapidly developing regions. Our ability to provide Sharia-compliant solutions creates a unique opportunity for our partners – offering a comprehensive, one-stop approach to retakaful in a dynamic and expanding market.

Hannover Re in Bahrain

We welcome individuals who are eager to learn and grow in a dynamic, values-driven environment. A client-focused mindset, strong communication skills and a solid understanding of insurance principles are key qualities we value. Our team thrives on collaboration, curiosity and the drive to support the evolving needs of the takaful market.

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Partnerships built on trust and shared values

At Hannover Re, we believe in long-term partnerships that go beyond transactions. Our retakaful team works closely with clients to deliver comprehensive, Sharia-compliant solutions that reflect both technical excellence and cultural understanding. We collaborate globally to support our partners locally – offering a one-stop approach that empowers takaful operators to grow sustainably and confidently.

By fostering strong relationships and maintaining a deep commitment to our clients’ success, we help shape the future of Islamic insurance – one solution at a time.