Hannover ReTakaful

Hannover Re
DATE OF CREATION: 2006, Bahrain
CLASS OF BUSINESS: Life and non life
MAIN UNDERWRITING ZONES: Middle East, Asia and Africa
REGIONAL STRUCTURE: Lubuan (Malaysia)

Hannover Retakaful : contact

Adress: Al Zamil Tower, 17th Floor, P.O. Box 75180, Manama, Bahrain
Tel: (+973) 17 214 766
Fax: (+973) 17 214 667
Website: www.hannover-re.com

Hannover Retakaful : rating

AgencyRatingOutlook
Standard & Poor'sA+Stable

Hannover Retakaful : main indicators

in thousands USD
 201720182019
Turnover169 883154 561178 953
Shareholder’s equity169 202166 944180 998
Net result19 5533 40125 837

Hannover Retakaful : turnover 2019 by class of business

in thousands USD
 Premiums 2018Premiums 2019In %
General retakaful65 37983 80446.83%
Family retakaful89 18295 14953.17%
Total154 561178 953100%

Hannover Retakaful : capital and shareholding

ShareholdersIn %
Hannover Re100%
Hannover ReTakaful actionnariat

Hannover Retakaful : technical ratios

 201720182019
Loss ratio73.00%69.07%63.77%
Management expenses ratio17.28%32.53%38.93%
Combined ratio90.28%101.60%102.70%

Source: AM Best

Hannover Retakaful : management

Adham El-MuezzinManaging director
Zarita BeetonChief financial officer
Ridwaan PatelChief risk & compliance officer
Fadhel Al SabeaSenior manager, treaty
Hania AbdeljalilSenior manager, family & health

Exhange rate at 31/12/2017 : 1 BHD = 2.64117 ; 31/12/2018 : 1 BHD = 2.64362 USD ; 31/12/2019 : 1 BHD = 2.63655 USD

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