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Hannover Reinsurance Group Africa (Pty) Ltd

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Tel: +27 11 481 6500
Fax: +27 11 484 6477
Address:
Hillside House
17 Empire Road (cnr Empire & Hillside Roads)
Parktown
Johannesburg
Postbox:
PO Box 10842
Joannesburg
2000
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

The Hannover Reinsurance Group, based in Germany, is the fourth largest reinsurer in the world, and the Hannover Reinsurance Group Africa is the locally registered subsidiary of the international group. The South African organisation comprises the following:

 

Hannover Reinsurance Group Africa

 

The Hannover Reinsurance Group Africa is the holding company for the Non-Life Reinsurance (Hannover Reinsurance Africa), Life Reassurance (Hannover Life Reassurance Africa), and Strategic Investment (Lireas Holdings) operations of the world-wide Group in Sub- Saharan Africa. 

 

Hannover Reinsurance Africa

 

This Company has built up a wealth of underwriting experience having operated in the region for over 50 years. Hannover Re Africa pursues a strategy of sound technical underwriting, specialising in providing non proportional capacity to Non Life Insurance companies and Quota Share support to Niche and Specialist Underwriters. Within this mandate the company has significant capacity with a high degree of local authority and responsiveness, and the support of one of the largest reinsurance companies in the world.

 

Hannover Life Reassurance Africa

 

Hannover Life Re Africa fosters relationships with leading life and health insurers in the sub-Saharan region, and offers its clients a broad range of reinsurance solutions, ranging from Financial to Individual Life reinsurance and from Group Life to Disability products. Our strength lies in our passion for innovative and progressive reinsurance structures for the Life and Health industry. This passion has fostered ongoing relationships with clients that have become more than just clients – they are partners and friends.

 

Lireas Holdings

 

Lireas Holdings is an investment holding company for insurance-related investments.  Mahogany Capital, a private equity company, owns 49% of Lireas which give Lireas access to additional expertise as well as a strong black economic partner who is already active in venture capital funding.  Lireas in turn provides the Hannover Re Africa Group with access to specialized niche markets, as well as a diversified source of income.

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From The Glossary »

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Deposit Administration Plan:

A type of pension business administered by a life insurance company on behalf of an employer. Contributions in respect of members of the employer’s pension scheme are accumulated in an undivided fund and benefits are paid out of that fund according to the rules of the scheme.
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