P&C treaty business is core to Hannover Re. Most of the business is centralized in our home office in Hannover, but we see a great value in writing the Canadian treaty portfolio out of the local office in Toronto. This brings our underwriting closer to our clients, still with the capacity and support of the whole group. As a local P&C treaty team we have excellent connections on the ground and with our strong rating and longstanding relations in the market, we are a reinsurance partner to almost all Canadian insurers – from the smallest local mutual to the largest Canadian players.
Our local facultative operation provides a broad range of standard and specialty property and liability coverages as well as specialized policies developed to meet the particular needs of individual industries.
We underwrite through a variety of channels in the Canadian market, either through our direct network with renowned local underwriters or worldwide intermediaries. We are able to accommodate U.S. and worldwide exposures while maintaining an average turn-around time of less than 48 hours.
It is our aim to offer our clients tailor-made facultative reinsurance solutions for their unique requirements and for all classes where coverage is needed. We take great pride in providing efficient services to our clients while cultivating long-term relationships.
In addition to our professional underwriting, our back office functions form a fundamental part of the department. From accounting to legal and claims, our team, supported by our experts in Hannover, carries the highest level of expertise to the benefit of our business partners.