Hannover Re, a global reinsurer, is consolidating its cyber and digital businesses to establish a new specialty reinsurance unit.
The establishment of the dedicated cyber and digital business unit reflects Hannover Re’s commitment to providing consistent and robust coverage for InsurTechs and clients in need of cyber risk protection.
By centralising its approach and leveraging data analytics, Hannover Re aims to offer enhanced services and expand its cyber retrocession capacities.
Effective April 1, 2024, Stefan Sperlich will lead this initiative as the Managing Director of the cyber and digital business unit.
Sperlich, a seasoned professional with a background in Mathematics, has been with Hannover Re since 2009.
Over the past 15 years, he has held various roles, including structured reinsurance underwriter and leader of the North American structured reinsurance business.
Additionally, he spearheaded Hannover Re’s digital business accelerator for property and casualty business. As the Managing Director of the new cyber and digital business unit, Sperlich will report to Silke Sehm, a member of Hannover Re’s Executive Board.
Speaking on the news, Sehm remarked, “The creation of a dedicated cyber and digital business unit allows us to create consistency and the best possible capacity for our clients and business partners. For InsurTechs and many clients seeking cyber risk protection, we are already the trusted reinsurance partner. At the same time, Hannover Re’s underwriting approach with a focus on profitability and long-term partnership will provide us with balanced and profitable growth in this area.”
Hannover Re is a leading reinsurance company providing comprehensive coverage solutions to insurers worldwide. With a focus on cyber and digital risks, Hannover Re aims to strengthen its underwriting capabilities and enhance its offerings in these areas.
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