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Hannover Re

Hannover Re
Company nameHannover Rückversicherung AG
Company typeAktiengesellschaft
IndustryFinancial services
Founded1966
HeadquartersHannover, Germany
Key peopleUlrich Wallin (CEO and Chairman of the executive board), Herbert K. Haas (Chairman of the supervisory board)
ProductsReinsurance
Revenue-11.32 billion (2010)
Operating income-1.174 billion (2010)
Net income-748.9 million (2010)
Total assets-46.73 billion (end 2010)
Total equity-5.118 billion (end 2010)
Employees2,192 (end 2010)

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Hannover Re (in German Hannover Rückversicherung AG), with a gross premium of around -11 billion, is one of the leading reinsurance groups in the world. Its headquarters are in Hannover, Germany.

The company was founded in 1966 under the name Aktiengesellschaft für Transport- und Rückversicherung (ATR).

Hannover Re transacts all lines of non-life and life and health reinsurance and has a network of subsidiaries, branches and representative offices on all five continents with a total staff of roughly 2,200. 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 "Excellent").




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