In light of the sustained competitive market environment, especially in property and casualty reinsurance, we noted further strong demand for information on the part of our investors in 2014. Our event activities were consequently stepped up to altogether 15 capital market conferences (previous year: 14) and 21 roadshows (18). Once again we concentrated on the financial centres of Frankfurt and London, which we visited at least once a quarter. Other destinations included the cities of Amsterdam, Dublin, Edinburgh, Geneva, Copenhagen, Los Angeles, Lugano, Luxembourg, Milan, Munich, Stockholm, Vienna and Zurich. In 2014 we also had the opportunity for the first time to meet interested investors in Lyon, Miami, Philadelphia, Singapore and Tokyo.

Hannover Re’s 17th Investors’ Day was held on 23 October 2014 in London. Around 40 analysts and institutional investors took up our invitation to engage in an intensive exchange of views with members of the Executive Board on the opportunities and risks associated with reinsurance business in the current market climate. On this occasion the focus was on, among other things, the 2014 review of the company’s strategy as well as discussions revolving around the opportunities and challenges presented by a protracted low interest rate environment and at the same time soft reinsurance market, the general hallmark of which is an oversupply of capacity.

In addition, in the year just ended we again provided information about our achievements as a responsible enterprise in the form of a stand-alone sustainability report drawn up in accordance with the internationally recognised reporting standards of the Global Reporting Initiative (GRI). Based on this structured reporting format, which was presented for the third year in succession, Hannover Re’s sustainability performance was also assessed by the rating agency Oekom Research. Our above-average fulfilment of industry-specific requirements was recognised with the award of “Prime” status. Furthermore, Hannover Re was added to the worldwide FTSE4Good Index Series for the first time in the year under review by the FTSE4Good Advisory Committee. Inclusion was based on our sustainability rating according to ESG (environmental, sustainability and governance) criteria in 2014.