Annual Report 2010 - Hannover Re

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Colombia Hannover Rückversicherung AG Bogotá Representative Office Calle 98 No. 21–50 Office Number 901 Centro Empresarial 98 Bogotá Tel. +57 1 6420066-200 Fax +57 1 6420273 General Manager: Santiago Zorrilla Tordera France Hannover Rückversicherung AG Succursale Française 109 rue de la Boetie (Entrance: 52 avenue des Champs Elysées) 75008 Paris Life +33 1 456173-00 Non Life +33 1 456173-40 Fax +33 1 456173-50 General Manager: Claude Vercasson India Hannover Re Consulting Services India Private Limited 215 Atrium 'C' Wing, Unit 616, 6th Floor Andheri-Kurla Rd, Andheri (East) Mumbai 400069 Tel. +91 22 61380808 Fax +91 22 61380810 General Manager: GLN Sarma Ireland Hannover Life Reassurance (Ireland) Limited No. 4 Custom House Plaza, IFSC Dublin 1 Tel. +353 1 6125718 Fax +353 1 6736917 Managing Director: Debbie O’Hare Hannover Reinsurance (Ireland) Limited No. 2 Custom House Plaza, IFSC Dublin 1 Tel. +353 1 6125700 Fax +353 1 8291400 Managing Director: Jürgen Lang Italy Hannover Re Services Italy Srl Via Dogana, 1 20123 Milan Tel. +39 02 80681311 Fax +39 02 80681349 General Manager: Dr. Georg Pickel Japan Hannover Re Services Japan K.K. 7th Floor, Hakuyo Building 3-10 Nibancho Chiyoda-ku Tokio 102-0084 Tel. +81 3 52141101 Fax +81 3 52141105 General Manager: Mitsuharu Matsumoto Korea Hannover Rückversicherung AG Korea Branch Room 414, 4th fl. Gwanghwamoon Officia B/D 163, Shinmunro-1ga, Jongro-gu Seoul, 110-999 Tel. +82 2 37000600 Fax +82 2 37000699 General Manager: Frank Park Malaysia Hannover Rückversicherung AG Malaysian Branch Suite 31-1, 31st Floor Wisma UOA II No. 21 Jalan Pinang 50450 Kuala Lumpur Tel. +60 3 21645122 Fax +60 3 21646129 General Manager: K Rohan Mexico Hannover Services (México) S.A. de C.V. German Centre Oficina 4-4-28 Av. Santa Fé No. 170 Col. Lomas de Santa Fé C.P. 01210 México, D.F. Tel. +52 55 91400800 Fax +52 55 91400815 General Manager: Guadalupe Covarrubias South Africa Compass Insurance Company Limited P. O. Box 37226 Birnam Park 2015 Johannesburg Tel. +27 11 7458333 Fax +27 11 7458444 www.compass.co.za Managing Director: Paul Carragher Hannover Life Reassurance Africa Limited P. O. Box 85321 Emmarentia 2029 Johannesburg 2000 Tel. +27 11 4816500 Fax +27 11 4843330/32 Managing Director: Stuart Hill Hannover Reinsurance Africa Limited P. O. Box 85321 Emmarentia 2029 Johannesburg 2000 Tel. +27 11 4816500 Fax +27 11 4843330/32 Managing Director: Randolph Moses Hannover Reinsurance Group Africa (Pty) Ltd. P. O. Box 85321 Emmarentia 2029 Johannesburg 2000 Tel. +27 11 481-6500 Fax +27 11 484-3330 Managing Director: Achim Klennert 194 Branch Offices and subsidiaries Hannover Re Group annual report 2010
Spain United Kingdom USA HR Hannover Re Correduría de Reaseguros, S.A. Paseo del General Martínez Campos 46 28010 Madrid Tel. +34 91 3190049 Fax +34 91 3199378 General Manager: Eduardo Molinari Hannover Life Reassurance (UK) Limited Hannover House Virginia Water Surrey GU25 4AA Tel. +44 1344 845282 Fax +44 1344 845383 Managing Director: David Brand Hannover Life Reassurance Company of America 800 N. Magnolia Avenue Suite 1400 Orlando, Florida 32803-3268 Tel. +1 407 6498411 Fax +1 407 6498322 President & CEO: Peter R. Schaefer Sweden Hannover Rückversicherung AG Tyskland filial Hantverkargatan 25 P. O. Box 22085 10422 Stockholm Tel. +46 8 6175400 Fax (life) +46 8 617-5597 Fax (non-life) +46 8 617-5593 Managing Director: Thomas Barenthein International Insurance Company of Hannover Ltd. England filial Hantverkargatan 25 P. O. Box 22085 10422 Stockholm Tel. + 46 8 6175400 Fax + 46 8 6175592 Managing Director: Thomas Barenthein Taiwan Hannover Rückversicherung AG Taipei Representative Office 8F, No. 122, Tun Hwa North Road Taipei 105 Tel. +886 2 8770-7792 Fax +886 2 8770-7735 Representative: Tzu-Chao Chen Hannover Services (UK) Limited Hannover House Virginia Water Surrey GU25 4AA Tel. +44 1344 845282 Fax +44 1344 845383 Managing Director: Sally Gilliver International Insurance Company of Hannover Limited 1 Arlington Square Bracknell RG12 1WA Tel. +44 1344 397600 Fax +44 1344 397601 Managing Director: Nick Parr Office London 10 Fenchurch Street London EC3M 3BE Tel. +44 20 70154000 Fax +44 20 70154001 Managing Director: Nick Parr Charlotte Office 13840 Ballantyne Corporate Place, Suite 400 Charlotte, North Carolina 28277 Tel. +1 704 731-6300 Fax +1 704 542-2757 President & CEO: Peter R. Schaefer Denver Office 1290 Broadway, Suite 1600 Denver, Colorado 80203 Tel. +1 303 860-6011 Fax +1 303 860-6032 President & CEO: Peter R. Schaefer New York Office 112 Main Street East Rockaway, New York 11518 Tel. +1 516 593-9733 Fax +1 516 596-0303 President & CEO: Peter R. Schaefer Hannover Re Services USA, Inc. 500 Park Blvd., Suite 1360 Itasca, Illinois 60143 Tel. +1 630 2505517 Fax +1 630 2505527 General Manager: Eric Arnst Further information Hannover Re Group annual report 2010 Branch Offices and subsidiaries 195
Page 1 and 2:
Annual Report 2010
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The Hannover Re Group America Europ
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Contents For our investors 2 - 15 L
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Our operational business was impact
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Our life and health reinsurance bus
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years will generate increasing inco
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For our investors Seated from left
Page 15 and 16:
The market capitalisation of the Ha
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Basic information Securities identi
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Strategic objectives 1. Profitable
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Macroeconomic climate The global ec
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Business development We are thoroug
Page 25 and 26:
Non-life reinsurance Accounting for
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Along with the aforementioned natur
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The establishment of the Federal In
Page 31 and 32:
The Die beste volatility Volatilit
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Credit and surety Breakdown of gros
Page 35 and 36:
Thanks not least to a new branch of
Page 37 and 38:
The insurance sector continues to b
Page 39 and 40:
have enlarged our portfolio. In the
Page 41 and 42:
anch in Shanghai concentrates on bu
Page 43 and 44:
Ageing macht creates Märkte market
Page 45 and 46:
Key figures for life and health rei
Page 47 and 48:
new business. Against this backdrop
Page 49 and 50:
The rating agency Standard & Poor
Page 51 and 52:
Rating of fixed-income securities
Page 53 and 54:
In 2009 Hannover Re launched anothe
Page 55 and 56:
Solvency For our company II heißt
Page 57 and 58:
Social commitment Hannover Re’s c
Page 59 and 60:
Opportunity and risk report Overrid
Page 61 and 62:
Available capital and required risk
Page 63 and 64:
Internal risk management and contro
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The table below lists the catastrop
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Sensitivity analysis of the Market
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events. Further significant risk ma
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Gross written premium retained in %
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Strategic risks derive from the ris
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Performance Excellence Check The PE
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Financial position Asset / liabilit
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Financing and Group debt In additio
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Financial strength ratings of subsi
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Naturkatastrophen Natural catastrop
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Corporate Governance The principles
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for orderly performance of their ta
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in question. With the aim of making
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The Annual General Meeting of Hanno
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Measurement bases/conditions of pay
Page 95 and 96:
Individual remuneration received by
Page 97 and 98:
motivation, customer satisfaction,
Page 99 and 100:
eversal. Nevertheless, we anticipat
Page 101 and 102:
of demand and the diversification o
Page 103 and 104:
Profit and growth targets for 2011
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as at 31 December 2010 Liabilities
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Consolidated statement of comprehen
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Consolidated cash flow statement 20
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Figures in EUR thousand 1.1.- 31. 1
Page 113 and 114:
as at 31 December 2010 Life/health
Page 115 and 116:
as at 31 December 2010 Life/health
Page 117 and 118:
1. Company information The parent c
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Standards Applicable to financial y
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Impairments: as at each balance she
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asis of a five-year detailed plan a
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come. Currency translation differen
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The projections, which cover variou
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The following list of shareholdings
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Name and registered office of the c
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Name and registered office of the c
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Investments Within the scope of its
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5. Notes on the individual items of
Page 139 and 140:
The stated maturities may in indivi
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Amortised cost, unrealised gains an
Page 143 and 144:
Carrying amounts before impairment
Page 145 and 146:
Breakdown of investments by currenc
Page 147 and 148: In addition, we held indirect real
Page 149 and 150: Development of level 3 financial in
Page 151 and 152: Development of deferred acquisition
Page 153 and 154: This item principally consists of t
Page 155 and 156: Technical provisions in EUR thousan
Page 157 and 158: Net loss reserve and its run-off in
Page 159 and 160: Liabilities in liability and motor
Page 161 and 162: From 1997 onwards it has been possi
Page 163 and 164: The recognised provision for pensio
Page 165 and 166: in EUR thousand Other reclassificat
Page 167 and 168: Debt and subordinated capital in EU
Page 169 and 170: Furthermore, a long-term unsecured
Page 171 and 172: 6.2 Investment income Investment in
Page 173 and 174: 6.3 Reinsurance result Reinsurance
Page 175 and 176: Tax-relevant bookings on the Group
Page 177 and 178: The following table presents a reco
Page 179 and 180: Maturity structure of derivative fi
Page 181 and 182: Business assumed and ceded in Germa
Page 183 and 184: last twenty trading days prior to t
Page 185 and 186: On this basis the aggregate provisi
Page 187 and 188: 7.7 Contingent liabilities and comm
Page 189 and 190: 7.11 Events after the balance sheet
Page 191 and 192: Responsibility statement To the bes
Page 193 and 194: ated by a reinsurance subsidiary do
Page 195 and 196: - in each case drawn up as at 31 De
Page 197: Branch offices and subsidiaries of
Page 201 and 202: Corporate Governance: serves to ens
Page 203 and 204: Life and health (re-)insurance: col
Page 205 and 206: Segmental reporting: presentation o
Page 207 and 208: Financial calendar 2011/2012 9 Marc
Page 209 and 210: Contact information Corporate Commu
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Annual Report 2010 - Hannover Re

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