01/2009
Hannover Re places life reinsurance business
Hannover Re placed a portfolio of life reinsurance on the international capital market. The transaction encompasses a financing volume of EUR 100 million in unit-linked life and annuity business. This transfer enables the company to monetize future earnings, gives it greater financial flexibility with an eye to the further expansion of its life and health portfolio and further improves its risk diversification.
Entry into the Mexican retail market
As part of its growth strategy in the Latin American insurance market HDI-Gerling International entered the Mexican retail market with its purchase of Genworth Seguros México, S.A. de C.V. from Genworth Financial. The acquisition extends to the lines of motor, property, casualty as well as life and personal accident insurance.
02/2009
Hannover Re acquires reinsurance portfolio
Under a reinsurance transaction Hannover Re acquired from Scottish Re Group Limited the ING individual life portfolio as well as significant parts of the infrastructure for the life reinsurance business in North America. This transaction moved Hannover Re up to fifth in the US individual life reinsurance market and also improved the diversification of its revenue streams.
03/2009
Impulse and HDI-Gerling highlight solution for occupational retirement provision
HDI-Gerling Leben and impulse – a magazine aimed at entrepreneurs – launched the initiative “Occupational Retirement Provision Entrepreneur of the Year” in their search to find model concepts for occupational retirement provision among German small and medium-sized enterprises. In this way they are seeking to promote dialog between science, providers and practitioners on occupational provision concepts.
PB Versicherungen set up Sales Academy
In the context of personnel training and development activities across sales channels, the establishment of the PBV Academy created a talent factory for up-and-coming sales staff and an opportunity to foster seasoned consultants. PB Versicherungen thereby also responded to the increasingly exacting demands placed by the market on consulting expertise in sales.
04/2009
HDI-Gerling receives top marks in disability insurance
The analysts Morgen & Morgen confirmed the top 5-star rating for all disability products offered by HDI-Gerling. The criteria considered were experience, portfolio, claims settlement and application assessment as well as processes. The analysts Franke & Bornberg had already awarded HDI-Gerling’s disability products the top mark of FFFplus.