Hannover Re has completed its conversion to a European Company, Societas Europaea (SE). With the entry in the commercial register of Hannover County Court the transformation to the new legal form came into effect today. The company thus bears the name Hannover Rück SE. The company's registered office continues to be in Hannover.
"The new legal form underscores our international business operations and serves as a visible external expression of our corporate self-image as a European group with worldwide activities", Chief Executive Officer Ulrich Wallin explained.
Following the Annual General Meeting's approval of the transformation in May of last year, the negotiations with the Special Negotiating Body comprised of employee representatives were brought to a successful conclusion in January 2013. This put in place the necessary conditions for implementing the change of legal form as planned in the first quarter of 2013.
The company's brand identity remains unaffected by the conversion to Hannover Rück SE; it will continue to trade under the name Hannover Re.