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Hannover Rückversicherung AG

 
Hoover's Profile: Hannover Rückversicherung AG
(German:HNR)
Contact Information
Hannover Rückversicherung AG
Karl-Wiechert-Allee 50
30625 Hannover, Germany
Tel. +49-511-5604-0
Fax +49-511-5604-1188

Type: Public
On the web: http://www.hannover-re.com/index.html

Who insures insurance companies over and over? Hannover! Hannover Rückversicherung (Hannover Re) is the second-largest German reinsurance company (Münchener Rückversicherungs-Gesellschaft, better known as Munich Re, is #1) and the fourth-largest such company in the world. Through a host of subsidiaries, the company provides property and casualty (Hannover Re's largest segment), financial, life, and health reinsurance products worldwide. Hannover Re is 50%-owned by German mutual insurance group Talanx AG.

Key numbers for fiscal year ending December, 2008:
Sales: $36,407.4M
One year growth: 193.9%
Net income: ($190.3)M

Officers:
Supervisory Chairman: Wolf-Dieter Baumgarti
CEO: Ulrich Wallin
CFO: Roland Vogel

Competitors:
General Re
Munich Re Group
Swiss Re

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