The year 2007
January
Winter storm "Kyrill" sweeps across Europe
Winter storm "Kyrill", which sweeps across large parts of Europe on 18 and 19 January, causes an insured market loss in the order of EUR 5 billion. The net burden of losses for the Talanx Group comes to almost EUR 160 million before taxes, with the bulk of them attributable to the German market.
Rating for HDI-Gerling Life
Standard & Poor’s awards the new Group subsidiary HDI-Gerling Lebensversicherung AG, which emerged from the merger of the HDI and Gerling life insurers, a rating of "A" with positive outlook. The rating was raised to "A+" with stable outlook in July.
February
Securitization of reinsurance recoverables
Hannover Re for the first time transfers risks arising out of reinsurance recoverables – i.e. outstanding claims held by reinsurers against their retrocessionaires – to the capital market. By way of this securitization it substantially reduces the default risk associated with reinsurance recoverables.
Forum on old-age provision
The HDI and Gerling pension management companies jointly organized for the first time the "Forum Alterssicherung" in Cologne. More than 120 brokers, financial advisors and other participants from the field of occupational retirement provision took the opportunity to learn more about the issue of old-age provision.
March
HDI extends award for honorary service
The HDI branch office in Hannover honors unpaid dedication and extends the HDI award for honorary service to a trainer with the Lower Saxony Disabled Sports Association.
Uwe Schünemann (right),
Interior Minister of Lower Saxony,
hands over the award for
honorary service
HDI-Gerling Austria honored for its unit-linked products
Marking the outstanding service provided to its sales partners, HDI-Gerling Life in Austria is honored with the insurance award for providers of unit-linked policies by the trade journal "Fonds Professionell". The prize is awarded on the basis of a survey of broker pools and investment advisors.
April
AmpegaGerling awarded multiple distinctions
AmpegaGerling receives the Grand Prix Eurofonds 2007 from the leading newspapers in the five participating countries, namely France, Spain, Italy, Luxembourg and Germany. In the competition AmpegaGerling was crowned as the best funds provider of its size Europe-wide. AmpegaGerling funds similarly performed better than average in the highly regarded rankings of the investment funds research firm Lipper.