Hannover Re
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The reinsurer’s solvency ratio currently stands at 269%. -
The recruit will run E+S Rück and part of European reinsurance.
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The carrier has also recruited Swiss Re’s Thorsten Steinmann.
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Opportunities for profitable growth remain in 2024, the agency said.
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Being underweight US casualty gives the firm more room than peers to manoeuvre.
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The carrier said a tax windfall and better profits made bolstering possible.
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The carrier increased premium volume by 6.9% at 1 January.
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The carrier faced "significant impact" from a P&C reserve charge on its earnings.
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After HannoverRe announced a 2025 CEO transition, here is our last review on the company's successes and challenges ahead
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The segment has bounced back from its mid-2022 nadir, but its current zenith is not that much to shout home about.
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The carrier also laid out its financial strategy through to 2026 in an investor-day disclosure.
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Cat losses were within budgets despite high levels of minor events.
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