Latest Hannover Re Headlines
All the headlines from our Hannover Re Topic Page, ordered by recency.
Hannover Re Q1 Net Hit by Writedowns
May 28 2003 // Germany’s Hannover Re, the world’s fifth largest reinsurer, reported an operating profit of 109 million euros ($129 million) in the first quarter of 2003, compared to 174.4 million euros ($206.5 million) in the...
A.M. Best Places Ratings of Hannover Re, Subsidiaries Under Review
Apr 14 2003 // A.M. Best Co. has placed the financial strength ratings of A+ (Superior) of Hannover Rueckversicherungs-AG (Hannover Re) and its core subsidiaries under review with negative implications. (See list below.) At the same...
Hannover Re Responds to Downgrade by Moody’s
Mar 28 2003 // Germany’s Hannover Re has issued a statement commenting on the actions taken by Moody’s Investors Service this week in downgrading the reinsurer’s financial strength rating from “A2” to...
A.M. Best Affirms ‘A+ (Superior) Rating of HDI and Hannover Re
Dec 5 2002 // A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) of Hannover Ruckversicherung AG (Hannover Re) and its parent company Haftpflichtverband der Deutschen Industrie V.a.G. (HDI) as well as HDI...
Hannover Re, Converium Expect Minimal Flood Losses
Aug 22 2002 // Many analysts expect that the floods in Eastern Europe could end up costing the continent’s insurers as much as $3 billion, but two leading reinsurers, Hannover Re and Converium, both issued statements yesterday...
A.M. Best Affirms Hannover Re ‘A+’ (Superior) Ratings
Aug 21 2002 // A.M. Best announced that it has affirmed its A+ (Superior) financial strength ratings for Hannover Ruckversicherungs AG and other entities of the German-based reinsurer, but maintains a “negative...
S&P Lowers Ratings on Hannover Re Group
Dec 27 2001 // Standard & Poor’s announced that has lowered its long-term counterparty credit and insurer financial strength ratings on Hannover Ruckversicherungs AG (Hannover Re), E+S Ruckversicherungs AG, International...
Hannover Re to Skip 2001 Dividend Due to
Oct 22 2001 // Hannover Re, the world’s 5th largest reinsurance group, announced Friday that it would not pay a dividend to shareholders this year due to the losses it expects from the attacks on the World Trade Center. The company...
Hannover Re’s Steiner to Take Over at Clarendon
Aug 31 2001 // Hannover Re has selected top executive Dr. Detlef Steiner, to become the new head of its largest subsidiary, Clarendon Insurance Group of New York. Steiner, who currently heads Hannover’s North American p/c...
A.M. Best Assigns ‘A’ Rating to Hannover Re Bermuda
Jul 2 2001 // A.M. Best has assigned an initial rating of ‘A’ (Excellent) to Hannover Re subsidiary, Hannover Re (Bermuda) Ltd. Commenting on the ratings, Best’s announcement said: “The rating reflects the...
Hannover Re Warns 2001 Net Won’t Reach Last Year’s
Jun 7 2001 // Hannover Re, the world’s fifth largest reinsurer, warned that net profits this year will be 37 percent less than in the year 2000 at around €230 million ($195.5 million), even as gross premiums rise. The company...
Acceptance Sells P/C Business to Hannover Re Division
Mar 5 2001 // Acceptance Insurance Cos. Inc. of Omaha, continuing to exit its property and casualty businesses, announced Friday it has sold a majority of that operation to Insurance Corp. of Hannover, a division of Hannover Re. In a...
S&P Maintains Hannover Re Ratings, But Lowers Outlook
Apr 30 2000 // Standard & Poor’s, while affirming Hannover Re’s overall ratings of AA- or better, revised its outlook from stable to negative, reflecting concerns over the German reinsurer’s rapid rate of...
