Latest Hannover Re Headlines
All the headlines from our Hannover Re Topic Page, ordered by recency.
Hannover Re Posts $518 Million 9-Month Net Income
Nov 10 2011 // Germany’s Hannover Re expressed satisfaction with the Group’s net income for the first 9 months of 2011, as it posted a profit of €381.7 million [$518.34 million]. Chief Executive Officer Ulrich Wallin noted...
Best Affirms Hannover Re and Subs ‘A’ Ratings; Outlook Positive
Nov 7 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Hannover Rueckversicherung AG (Hannover...
Insurance Agency Founder Sentenced for Fraud in D.C.
Oct 4 2011 // An insurance agency founder was recently placed on four years of supervised release and fined $10,000 in Washington, D.C., after earlier pleading guilty to insurance fraud, according to officials. Washington, D.C.,...
Hannover Re Sees Reinsurance Prices Rising Up to 8%
Sep 13 2011 // Hannover Re , the world’s third-biggest reinsurer, said it saw reinsurance prices rising by 3-8 percent next year, a brighter outlook than that of its two bigger rivals. “It is our expectation that the...
Hannover Re Posts $313 Million Net Income for 1st Half 2011
Aug 8 2011 // German reinsurer Hannover Re reported that its net income for the first six months of the year totaled €218.5 million [$313 million], despite the losses that occurred in the first quarter. The decrease was substantial,...
First Quarter Earnings Reports: Hannover Re, Argo Group
May 4 2011 //
Hannover Re Acquires Reinsurance Portfolio from Scottish Re
Apr 19 2011 // Germany’s Hannover Re, the third largest global reinsurer, has reached agreement with Scottish Re (US) on the acquisition of a reinsurance portfolio as part of a transaction. The other part involves the transfer of a...
Hannover Re Estimates Japan Quake, Tsunami Losses at $355 Million
Mar 23 2011 // Hannover Re announced that, “based on its analysis of individual treaties,” its loss expenditure from the Japan earthquake is expected to be around €250 million [$355 million] after retrocessions and before...
Hannover Re Posts 2010 Growth as Net Income Tops $1 Billion
Mar 9 2011 // Germany’s Hannover Re reported a “very pleasing year,” as after tax group net income rose to €748.9 million [$1.043 billion], from €733.7 million [$1.021 billion], despite the operational business...
Ratings: Aspen, Allianz Risk Transfer, Inter Hannover UK, Transsib Re, Jordan Insurance
Dec 23 2010 // Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB+’ senior debt, preliminary ‘BBB’ subordinated debt, preliminary ‘BBB-‘ junior subordinated debt, and...
Best Revises Hannover Re, Subs Outlook to Positive; Affirms ‘A’ Ratings
Nov 3 2010 // A.M. Best Europe – Rating Services Limited has revised the outlook to positive from stable for the ratings of Germany’s Hannover Rueckversicherung AG (Hannover Re) and its related debt issues and rated...
Ratings Roundup: Colonial Group, Flagstone Alliance, Hannover Re (debt)
Sep 9 2010 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the life/health and property/casualty operating subsidiaries of...
S&P Affirms Hannover Re’s ‘AA-‘ Ratings; Outlook Revised to ‘Stable’
May 24 2010 // Standard & Poor’s Ratings Services has revised its outlook on German reinsurer Hannover Rueckversicherung AG (Hannover Re) and on various operating entities to stable from negative. S&P also affirmed the...
Florida Recruits First Reinsurer Under Relaxed Collateral Rules
Feb 25 2010 // Florida insurance officials have reached an agreement with the first foreign reinsurer to operate under collateral requirements that were reduced in 2008 in an attempt to attract new reinsurers to the state. The Florida...
Ratings: NIPPONKOA, Russian Re, Lemma, Lakeside Re, Inter Hanover
Dec 18 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable...
Best Upgrades Hannover Re (Bermuda) Credit Rating; Affirms ‘A’ Financial Rating
Nov 12 2009 // A.M. Best Co. has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of Hannover Re (Bermuda) Ltd. with stable...
Hannover Re’s Diversity Plan Set to Boost Shares; Weather Worries
Jul 13 2009 // The short-term success of Hannover Re’s bid to diversify away from risky businesses is hostage to the hurricane season, while further out, it is likely to lead to a positive re-rating of the shares. The world’s...
S&P Affirms Hannover Re’s Ratings, But Revises Outlook to Negative
Jun 3 2009 // Standard & Poor’s Ratings Services has revised its outlook on German reinsurer Hannover Rueckversicherung AG and its subsidiaries (collectively Hannover Re) to negative from stable. S&P also affirmed the...
Ratings Recap: Everest Re (Notes), Int’l. Hannover, China Int’l., Transmonde
Mar 20 2009 // Standard & Poor’s Ratings Services said that its ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc. (both rated ‘BBB+’...
Hannover Re CEO to Retire
Jan 26 2009 // The Supervisory Boards of Hannover Rückversicherung AG and E+S Rückversicherung AG (Hannover Re) announced that long-time CEO Wilhelm Zeller is retiring at the end of June 2009. Ulrich Wallin, 54, will succeed him as the...
