Hannover Re, with gross premium of聽more than EUR 19 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,200 staff. Established in 1966, the Hannover Re Group today has a network of more than 100 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S R眉ck. The rating agencies most relevant to the insurance industry have awarded Hannover Re outstanding insurer financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".
The principal shareholder is Talanx AG which holds 50.2% of Hannover Re's shares. The Initial Public Offering took place on 30 November 1994, a Second Public Offering on 18 February 2004. Majority shareholder of Talanx AG is HDI Haftpflichtverband der Deutschen Industrie V.a.G.
The company's overarching objective is to expand its position on the international reinsurance markets as a major reinsurance group of above-average profitability with an optimally diversified portfolio.