Group Protections
Group Protections is responsible for the placement of all Property and Casualty retrocessions of the Hannover Re Group and for the overall coordination of security on all cessions across all Business Groups.
Should you require help or information regarding a retrocession, you are kindly invited to contact us.
Group Protections consists of four teams:
Whole Account Unit
The team is responsible for analysing, structuring, placing and administrating the following protections:
- Whole Account Protection (Catastrophe Protection for the Hannover Re Group)
- Industry Loss Warranties and Swaps
- Specific protections for certain classes of business such as WCA, PA, Credit & Surety, and/or territories
Speciality Unit
The team is responsible for analysing, structuring, placing and administrating the following protections:
- Aviation
- Marine
- Offshore Energy
- Space
- Facultative Property, Engineering and Onshore Energy
Securitisation Unit
The team is responsible for analysing, structuring, placing and administrating capital market products such as:
- Cat Bonds (EURUS)
- Collateralised Debt Obligations (MERLIN)
- Collateralised Quota Share (K5) and Aggregate XL (KEPLER)
Coordination & Analysis Unit
This team was born out of increased internal and external information requirements. Its responsibilites are:
- Preparation of data for portfolio information
- Analysis of our retrocessionaires
- Development of risk analysis tools
- Various controlling functions
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