Hannover Rück SE (1HANN)

Profile

https://www.hannover-re.com

Hannover Rück SE is a Societas Europaea (SE), operating as one of the world's leading reinsurance companies headquartered in Hannover, Germany. Founded in 1966, it specializes in property & casualty and life & health reinsurance, providing comprehensive treaty, facultative, and structured solutions to primary insurers globally. With a gross premium volume of around €33 billion, it ranks as the third-largest reinsurance group worldwide, supported by over 170 subsidiaries, branches, and offices across all continents and more than 3,000 employees. Hannover Rück SE manages risks in diverse sectors including natural catastrophes, aviation, marine, longevity, and health, while its subsidiary E+S Rück handles the German market, particularly excelling in car insurance. Converted to a Societas Europaea in 2013 and listed on Germany's DAX index since 2022, the company is majority-owned by Talanx AG. It maintains a global presence with operations in key financial centers like London, New York, Tokyo, and Sydney, emphasizing innovation such as early catastrophe risk securitization and sustainability initiatives through its foundation.