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Hannover Re Sells Its Stake In HDI Global Specialty SE - Quick Facts

November 11, 2021 — 08:44 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Hannover Re (HVRRY.PK) announced it is selling 49.8% stake in the joint venture HDI Global Specialty SE to HDI Global SE. HDI Global Specialty SE writes agency and specialty insurance business including financial & professional lines, D&O, legal expenses, sport and entertainment, aviation, offshore energy and animal insurance. Hannover Re said the deal underscores its strategic positioning as a pure reinsurer.

"By selling our stake we are freeing up capital for profitable growth in our core business," said Jean-Jacques Henchoz, CEO of Hannover Re.

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