Hannover Rück SE (0M9A.IL)

233.15 +1.35 (+0.58%) At close: 05:34PM BST

Hannover Rück SE

Karl-Wiechert-Allee 50
Hanover 30625
Germany
49 511 5604 0
https://www.hannover-re.com

Sector(s): Financial Services
Industry: Insurance - Reinsurance
Full-time employees: 3,622

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jean-Jacques Henchoz	CEO & Chairman of the Exec. Board	2.76M	N/A	1964
Mr. Clemens Jungsthofel	CFO & Member of Exec. Board	950.5k	N/A	1970
Dr. Michael Pickel	Member of the Exec. Board	1.19M	N/A	1960
Dr. Klaus Wilhelm Miller	Member of the Exec. Board	1.1M	N/A	1960
Mr. Claude Jacques Chèvre	Member of the Exec. Board	1.13M	N/A	1967
Mr. Sven Althoff	Member of the Exec. Board	1.08M	N/A	1969
Ms. Silke Sehm	Member of Exec. Board	980.8k	N/A	1969
Ms. Sharon Ooi	Member of Exec. Board	N/A	N/A	N/A
Mr. Karl Steinle	Head of Corp. Communications	N/A	N/A	N/A
Michael Eberhardt	MD & Head of Hannover Re Australian Branch	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide. It operates through Property & Casualty Reinsurance, and Life & Health Reinsurance segments. The company offers property and casualty reinsurance solutions for agricultural, livestock, and bloodstock businesses; aviation and space businesses; catastrophe XL business; credit, surety, and political risks businesses; facultative business; and marine and offshore energy businesses, as well as insurance-linked securities and structured reinsurance. It also provides risk solutions in the areas of critical illness, disability, health, longevity, long term care, and mortality. In addition, the company offers group and individual retirement and lifestyle, credit life, and Takaful reinsurance products. Further, it provides various financial solutions, including new-business financing; monetization of embedded value; reserve and solvency relief; and divestiture of non-core businesses. The company was formerly known as Hannover Rückversicherung AG and changed its name to Hannover Rück SE in March 2013. The company was founded in 1966 and is based in Hanover, Germany. Hannover Rück SE operates as a subsidiary of Talanx AG.

Corporate governance

Hannover Rück SE’s ISS governance QualityScore as of 1 October 2023 is 4. The pillar scores are Audit: 3; Board: 6; Shareholder rights: 6; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.