840221 Hannover Rueck SE

Etude de l'AG du 10/05/2017

General: Hannover Rück SE (Hannover Re) was established in 1966 under the name "Aktiengesellschaft für Transport- und Rückversicherung". The gross written premium of the Hannover Re Group has since grown from EUR 0.05m to around EUR 16.4bn in 2016 which makes it the third largest reinsurer in the world. The Company transacts nonlife reinsurance since 1966. Life and health reinsurance is a strategic growth segment since 1990. The Company is present on all continents with around 2,500 staff.

Agenda: We have no concerns over the agenda items at this year's AGM.

In line with German law, the auditor of an insurance company like Hannover Re is not appointed by the AGM but the Supervisory Board. KPMG has audited the Company since at least 1996 (no earlier data available). ECGS recommends a maximum term of 10 years or 20 years in case an audit tender has taken place after the initial engagement period..

20/04/2017
22 pages
EN

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Underlying

Insurance - Germany

Hannover is global reinsurance company. Co. operates through two business groups, Non-Life Reinsurance and Life and Health Reinsurance. Non-Life Reinsurance provides structured reinsurance solutions. Co.'s target markets are Germany and North America, and its specialty lines include Marine, Aviation, Credit and Surety, Structured Reinsurance, Insurance-Linked Securities and the United Kingdom, London market and direct business. Non-Life Reinsurance's Global Reinsurance consists of treaty reinsurance worldwide, facultative reinsurance and global catastrophe business. Life and Health Reinsurance provides solutions for life and health reinsurance and financial solutions.

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