Insuring single risks
Facultative business
It is not only the sports industry that is becoming more and more sophisticated, requiring complex and innovative insurance/reinsurance solutions.
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Hannover Re's Facultative Division was founded on 1 April 2001. As part of the company's Property & Casualty organisation, its launch was motivated by the recognition that our written portfolio requires specific knowledge and expertise in the relevant lines of business right across the world.
We are constantly refining our organisation in order to meet and indeed surpass our clients' expectations. Currently consisting of 12 local offices, our network spans the globe. Premium-wise, a significant part of our business is written from Hannover. This enables us to build close relationships between the underwriters with regional responsibilities and the specialty lines, hence leading to a more client-oriented and unified marketing approach.
It is the aim of the Facultative Division to offer our clients reinsurance solutions for all risks where coverage is needed. We especially welcome the opportunity to provide tailor-made solutions. Particularly where specialty risks are concerned, we truly believe that reinsurance should be perceived as a partnership from which the original insured, the ceding company and the reinsurer should benefit. We at Hannover Re's Facultative Division are dedicated to providing our clients with a high standard of efficient services, particularly where underwriting expertise and experience are required by our partners. For instance, we introduced centres of competence for dedicated lines of business and products in which we concentrate our underwriting experience to write lead business.
We are constantly striving to improve our services in our pursuit of Hannover Re's goal to become the preferred partner of our clients.