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Hannover Re’s Pickel sees cyber risks as biggest challenge for reinsurers; with climate change, nanotech and superbugs also on the radar
Insurance
One of the reinsurance industry’s biggest areas of focus continues to be cyber risk, said Michael Pickel, chief executive officer of Hannover Re’s German subsidiary E+S Rückversicherung, and member of the executive board at Hannover Re.   21 October 2019
Insurance
Talanx is investing in and cooperating with start-ups in order to drive digitisation and enable profitable growth.   20 June 2017
Insurance
Personal lines insurer National General Holdings has entered into separate two-year quota share reinsurance agreements covering its auto and homeowners lines of business with a group of what it called highly rated third-party reinsurance providers.   14 July 2017
Insurance
The highest portion of anticipated insured losses from the event is expected in Germany.   20 July 2021
Insurance
Italian insurer Generali has agreed to sell 89.9 percent of life insurer Generali Leben in Germany to Viridium Gruppe, which is owned by London-based private equity firm Cinven and German reinsurer Hannover Re.   5 July 2018
News
Hannover Re, the third-largest reinsurer in the world, has reported an increase in its net income for the first quarter of the year. The company made €271.2 million, compared with €240.7 million in the first quarter of last year.   10 May 2016
Insurance
A number of Lloyd’s Syndicates and high-profile reinsurers including Allied World, Amlin, Aspen, Hannover Re, Munich Re and PartnerRe could face claims as a result of the fire that has engulfed a 24-storey block of flats in London today (Wednesday June 14).   14 June 2017
News
Hannover Re says it is largely satisfied with the outcome of its treaty renewals as of January 1, despite sustained significant competition in most areas of property and casualty reinsurance.   3 February 2016
Insurance
Profits and gross written premiums (GWP) for Hannover Re Group fell in the second quarter of 2016, largely due to the performance of its property/casualty reinsurance segment, which it stressed was facing challenging market conditions.   4 August 2016
Insurance
Hannover-based Talanx, which operates in insurance and reinsurance, grew its net profit by 23.6 percent to €907 million in 2016, helped by lower than expected large losses.   20 March 2017

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