Hannover Re News

Hannover Re Says Capital Allows Steady Dividend, Potential Acquisitions

Hannover Re, the world’s third- biggest reinsurer, has sufficient capital to offer investors a steady dividend and pursue potential purchases, Chief Executive Officer Ulrich Wallin said. “We have increased our capital over the past years so that we are now, …

Energi Develops First Canadian Energy Savings Warranty

Energi, a Massachusetts-based industrial reinsurance company, which provides risk management and insurance programs for the energy industry, announced that it will provide an Energy Savings Warranty (ESW) for the Toronto Atmospheric Fund (TAF) for energy efficiency retrofit in Toronto, Ontario. …

Falling Reinsurance Rates Presage Sector Shake-out

A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers shoulder risk in exchange for part of the profit, this month …

Hannover Re Confirms 2014 Profit Forecast despite Decreased Revenues

Hannover Re, the world’s third- biggest reinsurer, confirmed its profit target for this year even as the prices it charges customers for coverage fell. “Although the rate level in non-life reinsurance was broadly lower than in the previous year, we …

Swiss Re Shares Drop as Reinsurance Renewal Prices Fall: Zurich Mover

Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. Swiss Re declined …

Hannover Re Agrees: No Change in Most Reinsurance Rates in 2014 Renewals

Hannover Re, the world’s third- largest reinsurer, said it expects reinsurance rates at price negotiations for January renewals to remain little changed. Pricing will be “rather stable,” Chief Executive Officer Ulrich Wallin said at a briefing in Monte Carlo today. …

Hannover Re Sees Little Sandy Impact; Raises Profit Forecasts

Hannover Re does not expect to be blown off course by damage from Hurricane Sandy in the United States, the German reinsurer said on Tuesday, as it beat quarterly profit forecasts and lifted expectations for this year and next. Shares …

Broker Southwest Risk: Dispute with Allied World Settled

Insurance broker Southwest Risk LP, based in Dallas, announced it has settled a dispute with Allied World Assurance Co. The announcement released by Southwest Risk did not elaborate on the nature of the dispute but Allied World in July raised …

Hannover Re Reports 85% 1st Half Gain in Net Income to $497 Million

Hannover Re’s interim report for the first six months of 2012 shows gains in all of the reinsurer’s primary sectors. Highlights for the period were listed as follows: – Gross premium: + 14.0 percent to €6.9 billion [$8.466 billion] –  Considerable …

Hannover Re Board Approves Legal Change to Societas Europaea

The Supervisory Board of Hannover Rückversicherung AG (Hannover Re) has approved a resolution of the Executive Board to transform the company into a European public limited company (Societas Europaea, or SE). The proposed change in legal form will be presented …