Latest Hannover Re Headlines
All the headlines from our Hannover Re Topic Page, ordered by recency.
Hannover Re Q2 Net Up 6%; $284 Million for 1st Half
Aug 11 2005 // Hannover Re reported solid profits in the second quarter of 2005, earning 121.4 million euros ($150.6 million), a 6 percent gain, compared to the 114.6 million euros ($142.2 million) earned in the same period of 2004. The...
Best Affirms FSR for International Insurance Co. of Hannover Ltd.
Jul 14 2005 // A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) of International Insurance Company of Hannover Limited (Inter Hannover) (United Kingdom), a subsidiary of Hannover Rueckversicherung AG (Hannover...
Hannover Re Exits U.S. Program Business; Clarendon to Focus on Specialty Lines
Jul 6 2005 // Germany’s Hannover Re, the world’s third largest reinsurer, announced the adoption of a new strategy for its U.S. subsidiary Clarendon at its annual “Investors Day” press conference on Friday, July...
S&P Assigns ‘A’ Rating to Hannover Re Debt Issue
May 13 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “A” long-term debt rating to the proposed benchmark size fixed- to floating-rate junior subordinated debt to be issued by...
Hannover Re Announces Launch of Hybrid Capital Issue
May 12 2005 // Along with its earnings announcement (See previous article), Germany’s Hannover Re said it intends to place a subordinated debt offering on the European capital market via its subsidiary Hannover Finance (Luxembourg)...
Hannover Re Q1 Net Increases by 11.1% to $137 Million
May 12 2005 // Germany’s Hannover Re posted strong growth in the first quarter of 2005, with operating profits (EBIT – i.e. excluding investment gains, interest and taxes) of 179.5 million euros ($229 million), a 16.2 percent...
Q4 Rescues Hannover Re 2004 Profits from Hurricanes
Mar 30 2005 // Germany’s Hannover Re Group reported 309.1 million euros ($400 million) net after tax income for 2004, down 12.9 percent from 2003’s 354.8 million euros ($459.8 million). The company’s earnings report,...
S&P, Best See No Effect on Hannover Re Ratings
Mar 30 2005 // Standard & Poor’s Ratings Services announced that Hannover Re’s 2004 results would “have no impact on the ratings or outlook on group entities.” A.M. Best Co. commented that Hannover Re’s...
S&P Raises Hannover Re (Africa) Rating to ‘BBB’
Mar 24 2005 // Standard & Poor’s Ratings Services announced that has raised its long-term counterparty credit and insurer financial strength ratings on Hannover Reinsurance Africa Ltd. (Hannover Re Africa) to “BBB”...
Best Affirms Hannover Re, Subs Ratings; Revises Outlook to Stable
Dec 22 2004 // A.M. Best Co. announced that it has affirmed the “A” (Excellent) financial strength rating of German reinsurer Hannover Rückversicherung AG (Hannover Re) and its core subsidiaries. At the same time Best also...
Hannover Re Hit by Q3 Cat Losses; 9-month Operating Profit Down 18.1 % to $527 Million
Nov 12 2004 // Germany’s Hannover Re – ranked by Standard & Poor’s as the world’s fifth largest reinsurer – announced third quarter earnings that were heavily impacted by the Florida hurricanes and...
Review Worldwide Reinsurance Awards for RMS, Guy Carpenter, Hannover Re
Sep 10 2004 // The 2004 Worldwide Reinsurance Awards, published by The Review magazine, have been announced at the Review Worldwide Reinsurance Awards ceremony in London. California-based Risk Management Solutions, Inc. (RMS), a leading...
Hannover Re Posts Strong 1st Half Earnings
Aug 12 2004 // Germany’s Hannover Re posted strong first half results with operating profit (EBIT) up 31.6 percent to 375.4 million euros ($460 million), net income up 30.2 percent to 211.5 million euros ($260 million), and net...
Survey Selects Hannover Re as Best Overall Reinsurer in North America
Jun 3 2004 // Germany’s Hannover Re announced the results of a survey, conducted by the U.S.-based Flaspöhler Research Group, that singled out the world’s fourth largest reinsurer as the best overall in the North American...
Hannover Re 2003 Net up 32.8% to $431 Million
Mar 30 2004 // Germany’s Hannover Re Group joined Swiss Re and General Re in reporting a very successful 2003. The world’s fourth largest reinsurer posted net income of 354.8 million euros ($43I million) compared to 267.2...
S&P Rates Hannover Re Africa “BBB”
Mar 26 2004 // Standard & Poor’s Ratings Services announced that it has assigned a “BBB-” long-term counterparty credit and insurer financial strength ratings to Hannover Reinsurance Africa Ltd. (Hannover Re...
Best Downgrades Hannover Re, HDI
Oct 31 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating of Hannover Rueckversicherung AG (Hannover Re) and its core subsidiaries to A (excellent) from A+ (superior). It also downgraded the financial...
S&P Affirms Hannover Re Bermuda ‘AA-‘ Ratings
Oct 30 2003 // Standard & Poor’s Ratings Services announced that it has affirmed the ‘AA-‘ counterparty credit and financial strength ratings on property/casualty insurer Hannover Re (Bermuda) Ltd. (HRB), with a...
Hannover Re Reports Steady 1st Half Profits
Aug 27 2003 // Germany’s Hannover Re continues to record a steady operating performance. Just reported first-half results show net premiums earned up 9.4 percent to 5.9775 billion euros ($6.5 billion, a slight increase in operating...
Best Affirms Hannover Re’s U.K. Sub ‘A’ Rating
Jun 20 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A’ (Excellent) of International Insurance Company of Hannover Limited (Inter-Hannover), the London-based general insurer and...
