Hannover Rück Profile
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide.
Segments
The company operates through Property & Casualty Reinsurance and Life & Health Reinsurance segments.
Property & Casualty Reinsurance
This segment offers specialty lines comprising marine, aviation, facultative, credit, surety, and political risks reinsurance products; and treaty, catastrophe XL, and structured reinsurance, as well as insurance-linked securities. This segment also provides risk solutions for casualty and property, as well as for agricultural, livestock, and bloodstock businesses; aviation and space business; and marine and offshore energy business.
Life & Health Reinsurance
This segment offers credit life, enhanced annuities, group life and health, 60+, and Sharia-compliant Takaful reinsurance products. This segment also provides risk solutions in the areas of critical illness, disability, health, longevity, long term care, and mortality.
In addition, this segment offers various financial solutions, including new-business financing; monetization of embedded value; reserve and solvency relief; and divestiture of non-core businesses.
History
The company was founded in 1966. It was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in 2013.