Hannover Re is one of the two largest providers of structured reinsurance solutions in the world. Thanks to our many years of experience and our actuarial, balance sheet, accounting and underwriting expertise, our clients are able to profit from reinsurance solutions that are optimally tailored to their needs and can access a comprehensive range of services. Our product range is geared to reducing and optimising the cost of capital for our ceding companies.

Demand for structured reinsurance was very brisk in the year under review, enabling us to expand our customer base. The premium volume showed vigorous growth.

We successfully pursued our strategy of regional diversification in 2011. Due to the implementation of risk-based capital models and the associated more exacting solvency requirements, additional business opportunities are opening up for our company outside Europe too. In the year under review we concluded our first-ever transaction predicated on the Solvency II framework. In view of attractive prices in UK motor business, we made the most of the available market opportunities and wrote considerably more new business.