Hannover Re (Bermuda) Ltd.
Following the strategic decision of Hannover Re to concentrate the Property Catastrophe Excess of Loss business in one company, Hannover Re (Bermuda) Ltd. (HRB) was licensed as a Class four reinsurer in Bermuda in April, 2001.
Hannover Re Bermuda is the "centre of excellence" within the Hannover Re Group for property catastrophe business. Modeling is an essential part of our exposure analysis and is utilized extensively to underwrite the catastrophe risks of our clients.
The Hannover Re Group has always played a significant role in this reinsurance segment, and Hannover Re Bermuda intends to become one of the preferred reinsurers in property catastrophe business. The company actively explores the market for new business opportunities by offering capacity to new clients.
HRB mainly provides property catastrophe protection covers on an Excess of Loss basis. Through our concentration of property catastrophe underwriting within a single unit, our cedents can feel confident that their programs will be handled in a professional and time-efficient manner.
Continued Growth is not only expected in property catastrophe Excess of Loss covers but also in other catastrophe related business fields. In 2002, HRB expanded its scope of business to catastrophe related Personal Accident business as well as Workers Compensation and Terrorism Business.
With its location in Bermuda, HRB is positioned in the centre of the most dynamic and active catastrophe market in the world. To underline its commitment and its expectations to HRB, Hannover Re as the sole owner gave us a preferential status in capital allocation.
On our website you will find various links to the composition of our portfolio as well as to our most recent financial figures.
We thank you for your interest in our company and look forward to being approached by you.
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