Hannover Re
From Wikipedia, the free encyclopedia
Hannover Re, in German Hannover Rückversicherung AG, with gross premiums of around €10 billion in 2006, is one of the five largest reinsurance groups in the world. Its headquarters are in Hanover, Germany.
The company was founded in 1966 under the name Aktiengesellschaft für Transport und Rückversicherung (ATR).
It transacts all lines of property and casualty, life, health and financial/finite-risk reinsurance as well as specialty insurance. It maintains business relations with more than 3,000 insurance companies in about 150 countries. Its worldwide network consists of more than 100 subsidiaries, branch and representative offices in 19 countries.
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").
