HNR1 Hannover Rueck SE

EQS-News: Hannover Re appoints Brona Magee to succeed Klaus Miller on the Executive Board

EQS-News: Hannover Rück SE / Key word(s): Personnel
Hannover Re appoints Brona Magee to succeed Klaus Miller on the Executive Board

12.08.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Hannover Re appoints Brona Magee to succeed Klaus Miller on the Executive Board

  • Brona Magee to join the Executive Board of Hannover Re effective 1 January 2025
  • She will succeed Klaus Miller, who will remain with the company in an advisory role

Hannover, 12 August 2024: The Supervisory Board of Hannover Rück SE has appointed Brona Magee (49) as a member of the Executive Board of Hannover Re effective 1 January 2025.

She succeeds Klaus Miller (64) on the Executive Board, who after 14 successful years with Hannover Re, will remain with the company in 2025 in an advisory role.

Brona Magee has successfully overseen Hannover Re's Business Center Life & Health Asia since April 2023. Among other responsibilities she previously served as member of the Executive Committee at SCOR. At Hannover Re, together with Claude Chèvre, she will assume responsibility for the Life & Health reinsurance business group in the Executive Board.

"Brona Magee has already successfully applied her strengths and experience in our reinsurance business. I wish her every success in her new leadership role," said Torsten Leue, Chairman of the Supervisory Board of Hannover Re. "She is an outstanding successor to Klaus Miller, who contributed to the success of Hannover Re over a span of 14 years with his strong thought leadership and superlative commitment. On behalf of the Supervisory Board, I would like to express my sincere thanks to Klaus Miller."

"I am absolutely delighted that in Brona Magee we have secured a seasoned leader for Hannover Re's Executive Board. A qualified actuary with extensive international expertise in life and health reinsurance, she optimally complements our leadership team. Since joining Hannover Re, she has already played a pivotal role in driving the success of our life and health reinsurance business in Asia," said Jean-Jacques Henchoz, Chief Executive Officer of Hannover Re. "With his dedication, personality and specialist expertise, Klaus Miller has been instrumental not only in advancing life and health reinsurance at Hannover Re, but in shaping Hannover Re as a whole. On behalf of the entire Executive Board and our employees, I would like to thank him for his tremendous contribution."

Brona Magee has more than two decades of experience in the reinsurance industry. She joined SCOR in 2011 in connection with the integration of Transamerica Reinsurance. She held various international leadership positions, before taking on the role of Deputy CEO SCOR Global Life in 2018.

Klaus Miller has been with Hannover Re since 2010. He previously served as Head of Structured Insurance Solutions at Commerzbank before joining the Executive Board of Hannover Re. His current scope of responsibility for life and health reinsurance encompasses the regions of North America, Bermuda, the United Kingdom, Ireland as well as Northern, Eastern and Central Europe.

Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with more than 3,500 staff. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".

Please note the disclaimer:

Contact

External Communications:
Oliver Suess
Tel. 02

Jessica Locker
Tel. 99

Investor Relations:
Karl Steinle
Tel. 00

Axel Bock
Tel. 36



12.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at -news.com


Language: English
Company: Hannover Rück SE
Karl-Wiechert-Allee 50
30625 Hannover
Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
Internet: -re.com
ISIN: DE0008402215
WKN: 840 221
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange
EQS News ID: 1965273

 
End of News EQS News Service

1965273  12.08.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1965273&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
12/08/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Hannover Rueck SE

Martin Marandon-Carlhian ... (+3)
  • Martin Marandon-Carlhian
  • Stephane Houri
  • Steven Boumans

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/13/2024

We maintain our Outperform rating on CaixaBank, one of our Top Picks in the sector, with a higher target of € 7.2 vs € 6.7 and ahead of the CMD on 19 November. We are lifting our net income estimates by 7% for 2025-2026, to 7% above the consensus. The strategic update is set to highlight the wisdom of the business model diversification (long-term savings) to address the current transition phase on rates. Despite a solid market performance, the profile does not look to be fully reflec...

Martin Marandon-Carlhian ... (+3)
  • Martin Marandon-Carlhian
  • Stephane Houri
  • Steven Boumans

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/11/2024

Nous réitérons notre opinion Surperformance sur CaixaBank, l’un de nos top picks du secteur, avec un OC porté à 7.2 € vs 6.7 € et en amont du CMD du 19/11. Nous relevons nos anticipations de RN de 7% sur 2025/2026 qui ressortent 7% supérieures au consensus. L’update stratégique devrait mettre en avant la pertinence de la diversification du business model (épargne LT) face à la transition actuelle sur les taux. Malgré un solide parcours boursier, cela n’est pas pleinement reflété dans ...

Benoit Valleaux ... (+5)
  • Benoit Valleaux
  • Roland Pfaender
  • MBA
  • CFA
  • CCRA

Hannover Re : Solid Q3 2024 technical profits; Outlook for 2025 NP in ...

>Q3 2024 technical profits were solid but EBIT stood below consensus estimate - Hannover Re reported solid technical profits for its segments in Q3 2024 which were broadly in line with consensus estimates. Group EBIT of € 791m came in below the € 841m consensus and our € 798m estimate, driven by a lower-than-expected investment income digesting value adjustments on real estate and PE exposures. Group net profit was helped by a € 120m positive tax one-off which propel...

 PRESS RELEASE

EQS-News: Hannover Rück hebt Gewinnziel für 2024 an und erwartet für 2...

EQS-News: Hannover Rück SE / Schlagwort(e): 9-Monatszahlen Hannover Rück hebt Gewinnziel für 2024 an und erwartet für 2025 einen Nettokonzerngewinn von rund 2,4 Mrd. EUR 11.11.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Hannover Rück hebt Gewinnziel für 2024 an und erwartet für 2025 einen Nettokonzerngewinn von rund 2,4 Mrd. EUR Nettokonzerngewinn nach drei Quartalen steigt um 30,4 % auf 1,8 Mrd. EUR Rückversicherungsumsatz wächst währungskursbereinigt um 7,0 % auf 19,7 Mrd. EUR Großschäden in der Schaden-Rückvers...

 PRESS RELEASE

EQS-News: Hannover Re raises profit target for 2024 and expects Group ...

EQS-News: Hannover Rück SE / Key word(s): 9 Month figures Hannover Re raises profit target for 2024 and expects Group net income of around EUR 2.4 billion for 2025 11.11.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Hannover Re raises profit target for 2024 and expects Group net income of around EUR 2.4 billion for 2025 Group net income after three quarters increases by 30.4% to EUR 1.8 billion Reinsurance revenue grows by 7.0% adjusted for exchange rate effects to EUR 19.7 billion Large losses in property and casualty re...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch