Skip Navigation

Hannover exits direct life insurance market

Hannover Life Re advised customers in December 2020 that it is exiting the direct life insurance market to focus on reinsurance.

In a communication to clients, Hannover stated it had not come to the decision lightly and that it remains dedicated to the group insurance market. Hannover said it made a strategic decision to exit, allowing it to focus on reinsurance and bring the organisation into alignment with its global strategy.

Hannover expects the transition to be lengthy to ensure a smooth transition of existing policies to a new provider in the coming years. For any existing employer plans that are insured with Hannover, we will be actively working with you to ensure a smooth transition to a new insurer for your corporate plan.