Latest Hannover Re Headlines
All the headlines from our Hannover Re Topic Page, ordered by recency.
Ratings: Hannover Re, Scottish Re, NTI, Korean Re, Southern Rock, Ecclesiastical/Ansvar
Jan 26 2009 // A.M. Best Co. has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of German reinsurer Hannover Rueckversicherung AG (Hannover Re) remain...
Hannover Re Buys ING’s Life Portfolio from Scottish Re
Jan 23 2009 // Hannover Re is buying a life insurance portfolio of ING Groep from Scottish Re to become the fifth-biggest individual life reinsurer in the United States, the company said on Friday. While Hannover Re did not say what it...
S&P Raises Hannover Re Africa Ratings to ‘A’
Nov 21 2008 // Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on South Africa-based non-life reinsurer Hannover Reinsurance Africa Ltd. to ‘A’...
S&P Affirms Hannover Re’s ‘AA-‘ Ratings and Stable Outlook
Oct 29 2008 // Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ long-term counterparty credit and insurer financial strength ratings on German reinsurer Hannover Rueckversicherung AG and its core entities...
Hannover Re Gustav Losses Around $146 Million
Sep 22 2008 // Wilhelm Zeller, Chief Executive Officer of Hannover Re, indicated, in a meeting at the recent Reinsurance Rendezvous in Monte Carlo, that industry wide losses from hurricane “Gustav”, would be in the range of...
Reinsurers’ Investment Hit Won’t Stop Price Drop
Sep 5 2008 // European reinsurers’ losses on investments due to the financial crisis may dampen their appetite for a reinsurance price war, but will not interrupt the trend toward a weakening market. As reinsurers descend on the...
Munich Re, Hannover Re Warn on Lower Earnings
Jul 25 2008 // German reinsurer Munich Re issued a profit warning on Friday, saying turmoil in global markets would hurt its second-quarter earnings and result in a lower than forecast profit for the year as a whole. “Against the...
Ratings Roundup: Cologne Re (Dublin), Hannover Re (Bermuda)
Mar 24 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Cologne Reinsurance Company (Dublin) Ltd. (CRD) with a stable outlook....
Ratings: Hannover Re, AXIS Capital
Mar 14 2008 // A.M. Best Co. has revised the outlook to positive from stable for the issuer credit rating (ICR) and debt ratings of Germany’s Hannover Rueckversicherung (Hannover Re) and its rated subsidiaries. Best also affirmed...
Hannover Re Group Net Income up 42.6% to $1.144 Billion
Mar 13 2008 // Germany’s Hannover Re reported excellent result for 2007 with the Group’s net income up 42.6 percent to €733.7 million ($1.144 billion. “We surpassed our profit targets and reported the highest Group...
Ratings Recap: BluePoint Re, Channel Re, RAM Re, Assured Guaranty, Steamship Mutual, Hannover Ltd., ARAG
Feb 19 2008 // Standard & Poor’s Ratings Services has placed its ‘AA’ rating on BluePoint Re Ltd., its ‘AAA’ rating on Channel Reinsurance Ltd., and its ‘AAA’ rating on RAM Reinsurance Co....
Earnings Reports Summaries: Allianz, Allied World, CastlePoint, Hannover Re
Nov 9 2007 // The following companies, listed in alphabetical order, have recently reported third quarter and nine-month earnings results. To obtain the complete report, supplemental information, as well as the details of...
Best Affirms Hannover Re ‘A’ Ratings
Sep 12 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and the issuer credit rating (ICR) of “a” of Germany’s Hannover Rueckversicherung AG (Hannover Re) and its...
S&P Ups Hannover Re Outlook to Stable; Affirms ‘AA-‘ Ratings
May 23 2007 // Standard & Poor’s Rating Services has revised its outlook to stable from negative on German reinsurer Hannover Rückversicherung-AG and its core entities, collectively referred to as Hannover Re. The Group is...
Best Affirms Hannover Re (Ireland) ‘A’ Ratings
Apr 19 2007 // A.M. Best Co. has affirmed the financial strength rating of “A” (Excellent) and the issuer credit rating of “a” of Hannover Reinsurance (Ireland) Limited (HRI) and its subsidiaries, E&S...
Hannover Re Securitizes App. $1.32 of Reinsurance Recoverables
Feb 27 2007 // Germany’s Hannover Re announced that “for the first time” it has “transferred the risks deriving from so-called ‘reinsurance recoverables’ to the capital markets,” following its...
Hannover Re Estimlates Kyrill Losses Between $155-$233 Million
Jan 30 2007 // Hannover Re said it expects a net loss of €120 to €180 million ($155 to $233 million) before tax as a result of windstorm Kyrill. The bulk of the expenditure is attributable to claims in Germany. Hannover Re said the...
Hannover Re Securitizes $106 Million
Jan 17 2007 // Hannover Re has increased its underwriting capacity for catastrophe risks through a $106 million capital market securitization, which “boosted the volume of last year’s “K5″ risk securitization to...
Best Takes Various Rating Actions on QBE, Hannover Re and Praetorian
Dec 15 2006 // A.M. Best Co. reacted to yesterday’s announcement that Australia’s QBE has agreed to purchase Hannover Re’s Praetorian Financial Group, thereby taking over the German reinsurer’s North American...
QBE to Acquire Hannover Re’s US Praetorian Subsidiary
Dec 13 2006 // Australia’s QBE Insurance Group has agreed to purchase the Praetorian Financial Group (PFG), the US operation of Hannover Rueckversicherung AG (Hannover Re) for US$800 million, subject to regulatory approvals. QBE...
