New Leader Takes Charge in Reinsurance and Specialty Lines Department at Talanx Corporation

In a significant move, Talanx and HDI Global have consolidated their reinsurance functions under one leadership. This move aims to reduce duplication, enhance market presence, and ensure seamless communication across global operations.

Stephanie Bode, who previously oversaw market management for Continental Europe (excluding Germany), South Africa, and Japan in David Hullin's executive department at HDI Global, has been appointed as the Head of Reinsurance at HDI Global, effective from 1st September. In her new role, Bode will also be responsible for the Corporate & Specialty Lines department within Talanx Group Reinsurance in a dual capacity. Her current reporting line to Dr Stefan Pasternak, CFO at HDI Global, will be complemented by an additional reporting line to Oliver Grabau, Head of Talanx Group Reinsurance.

Meanwhile, Antje Pfitzner, who was previously responsible for Talanx Group Reinsurance, has changed her role to Head of Group Reinsurance Retail & Group Protection & Counter Party Risk Management.

In other news, Talanx has strengthened its presence in Brazil with the acquisition of Liberty Seguros, a move that HDI Global says will further bolster its market position in the country. The acquisition was completed on 22 November 2023.

Rainer Fischer, who was Head of Reinsurance at HDI Global for nine years, will be retiring but will remain with the company in an advisory capacity. His departure comes as Hannover Re sells its 49.8% stake in HDI Global Specialty SE to HDI Global SE, effective 31 December 2021. This sale underscores Hannover Re's strategic positioning as a pure reinsurer.

In a separate development, Talanx has issued a new catastrophe bond for earthquake risks in Chile. The cat bond was issued via Maschpark Re Ltd., a special purpose insurer established in Bermuda.

The consolidation and reorganisation are expected to allow for quicker and more flexible responses to market changes in reinsurance purchasing. The transaction frees up previously committed risk for Hannover Re. These moves align HDI Global closer to the reinsurance market, positioning both Talanx and HDI Global for future growth and success.

New Leader Takes Charge in Reinsurance and Specialty Lines Department at Talanx Corporation