Ulrich Wallin News

Henchoz Succeeds Wallin as Hannover Re’s Chief Executive Officer

Hannover Re announced that Jean-Jacques Henchoz has stepped into the role of chief executive officer, succeeding Ulrich Wallin who is retiring. Prior to joining Hannover Re, Henchoz had been in charge of the region Europe, Middle East and Africa (EMEA) …

Hannover Re’s CEO Wallin to Retire, Succeeded by Swiss Re’s Henchoz

Hannover Re announced that Chief Executive Officer Ulrich Wallin will retire following the company’s annual general meeting on May 8, 2019. He will be succeeded on that date by Jean-Jacques Henchoz (53), who has been appointed as a member of …

Swiss Re Posts $468M 9-Month Loss, Anticipates Re/Insurance Rate Hikes

A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this year, it said on Thursday. “We …

Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims

Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims. Munich Re reported consolidated first quarter profit rose 22 percent to €557 million …

Hannover Re Receives License to Launch Branch in India

Hannover Re received approval, known as R3 authorization, to establish a branch in India from the Insurance Regulatory and Development Authority of India (IRDAI). The opening up of the Indian market to foreign reinsurers enables Hannover Re to enjoy direct …

Update: Hannover Re Weighs Higher Dividend After Record 2015 Earnings

German reinsurer Hannover Re will focus on boosting earnings rather than premiums this year and may pay out more special dividends to shareholders, Chief Executive Ulrich Wallin said on Thursday. The world’s third largest reinsurer posted record 2015 net profit …

Energy Insurers Become Latest Casualty of Oil Slump as Projects Are Postponed

The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 …

Reinsurance Execs at Rendez-Vous Question Recent High-Priced M&As

Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd’s of London insurance companies are paying too much. Deal-making will continue after Tokyo-based MS&AD Insurance Group Holdings Inc. agreed last week …

Reinsurers Seek New Markets, Underinsured Risks to Ease Price Pressures

Major reinsurers like Munich Re, Swiss Re, Hannover Re are looking to new markets and selling more cover to existing clients to ease price pressures after several years of falls, they said at their annual meeting in Monte Carlo this …

Reinsurers Expect Continued Downward Pressure on Pricing During 2016

The world’s largest reinsurers and brokers see little relief in pricing in 2016 amid a relentless influx of alternative capital from pension funds and one of the past decade’s quietest years for catastrophe losses. Rates for property-and-casualty reinsurance are expected …