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East Asia

Japan
China, Hong Kong and Taiwan

Japan

Hannover Re has been writing business in East Asia for more than 30 years.

We are represented locally in Tokyo since 1990. Our Service Company in Tokyo greatly enhances our understanding of the local market. Within their respective local legal framework their function is deeply embedded in our market research and marketing activity in general.

The primary responsibility of our teams is Non-Life treaty business. Apart from us, various underwriting units at Hannover Re are active in your markets, and we encourage you to visit their websites as well:

Since we travel and see our clients frequently, we have been entrusted with overall marketing functions. Therefore, we would be happy if you contact us. We will gladly coordinate all issues relating to our overall business relationship.

Some Success Factors

Since Hannover Re has no local underwriting personnel, a high level of communication is of paramount importance for us. This is ensured in a four-fold way:

  1. By listening very closely to our clients' needs and concerns - be it through frequent visits from home office, or be it through the broker channel
  2. By providing speedy service of high quality
  3. By remaining a largely broker orientated reinsurer
  4. By listening intensively to the findings our local representatives derive from their market research

We value and foster long-term relationships and regard each individual one as a true partnership.

Position and Strategy

Hannover Re provides fair and consistent terms and conditions based on an underwriting policy which is strictly oriented towards risk-adjusted capital considerations. We do not chase any growth, volume, or market share targets but rather want to be seen as the solid and stable reinsurer offering top security and reliability, also through flexible and innovative solutions should these be required.

We maintain the know-how and infrastructure to quote and take over the leadership in a placement at any point in time. In this connection we welcome an open and constructive dialogue with our clients.

Looking Ahead

For all segments of our portfolio we scrutinize our past actions very carefully to determine how we can do better in the future. We look beyond the mere technical result and shift our focus to the exposure reinsured, i.e. we consider risk-based capital requirements carefully. This means that we take remedial action on accounts which have needed cross-subsidisation and therefore eroded margins. Naturally, we will continue to value relationships with a proven long-term profitability record.

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China, Hong Kong and Taiwan

Hannover Re has been writing business in the region for more than 25 years.

We are represented locally in Shanghai since 1995. This office operates as a Representative Office within the legal framework of its market, and is designed to facilitate market research and information on important developments. It plays a major role in enhancing our understanding of the markets.

Hannover Re maintains a Branch Office in Hong Kong, which, however, is solely focusing on life reinsurance business. It operates under the brand name Hannover Life Re, and does not have any functions in P&C lines. If you are interested in their activities, please visit our Hannover Life Re website.

In Taipei, Hannover Life Re operates a Representative Office, which also acts as a contact address for P&C facultative business.

The primary responsibility of our teams is P&C treaty business. Apart from us, various underwriting units at Hannover Re are active in your markets. Please find further information on:

Since Hannover Re has no local underwriting personnel, a high level of communication is of paramount importance for us. We are trying to ensure this by:

  • listening very carefully to our clients' needs and concerns - be it through frequent visits from home office, through our representative in China, or by using the broker channel
  • listening intensively to the findings our local representative derives from the Chinese market
  • cooperating closely with international and local brokers, especially in the field of non-proportional business

Long-term relationships are highly valued by us, and we are determined to foster each individual one as a true partnership worth to be given our closest attention all the time.

Hannover Re provides fair and consistent terms and conditions based on an underwriting policy which is strictly oriented towards risk-adjusted capital considerations. We do not chase any growth, volume or market share targets, but rather wish to be seen as the solid and stable reinsurer offering top security and reliability.

We maintain the infrastructure and a high level of professional know-how necessary to enable us to quote and take over the leadership in a placement at any point in time. In this connection we welcome an open and constructive dialogue with our clients, and always endeavour to give speedy service.