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Hannover Re

Hannover Re

Industry: 
Financial Services
Symbol: 
ETR:HNR1
States: 
FL
Country: 
Germany
Sources: 

"German reinsurer Hannover Re AG (HNR1.XE) said separately that it conducts a small amount of business in Iran and will only continue to do so if it complies strictly with United Nations and European Union sanctions.

The company said it 'conducts treaty business (proportional and non proportional) and a small amount of facultative business in the Republic of Iran,' without giving figures." (Dow Jones Newswires, "Allianz Suspends Iran Business, Hannover Re Honors Sanctions," 2/19/10)

One of the world’s leading reinsurance groups. Conducts treaty business (proportional and non proportional) and a small amount of facultative business in Iran, and ‘will continue to do so’ if it complies with United Nations and European Union sanctions.