Hannover Re mulls acquisitions

Global Reinsurance - Hannover Re mulls acquisitions: "Wilhelm Zeller, Hannover Re’s chief executive, said the company is interested in strengthening its position in the area of personal lines reinsurance, according to an interview in the magazine “Euro am Sonntag”.

Germany’s second-largest reinsurer is interested in acquisitions in the personal lines reinsurance sector especially in North America, Zeller told the German magazine.

The story was misreported elsewhere as being an interest in acquisitions in the life reinsurance sector. The mistake seems to have originated in a mistranslation from the German. (Personal lines is non-life insurance purchased by individuals, such as auto insurance, home insurance, etc)."