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Hannover Re (Ireland) Limited Receives Federal and Provincial Licensing to Operate as a Life and Health Reinsurer in CanadaHannover Re (Ireland) Limited, a Member of Hannover Re Group, announces receiving federal and provincial licensing to operate as a life and health reinsurer in Canada. The branch will offer mortality risk management; insurance based financial solutions; longevity; group life and special risk solutions to direct carriers in Canada. Chief Executive Officer, Hannover Re (Ireland) Limited, Ms. Debbie O'Hare, announces the appointment of Mr. Amhlaoibh Lynch as General Manager of the Hannover Re (Ireland) Limited Canadian Life Branch (Canadian Life Branch). The Canadian Life Branch is based in Toronto, in a common location with Hannover Rück SE Canadian Branch (operating as P&C Branch in Canada since 1980) at 220 Bay Street. "Through my career I have had the pleasure to work with Hannover Re on a number of occasions and always admired its client focused approach and embodiment of its 'Somewhat Different' philosophy and spirit. When I was presented with the opportunity to lead Hannover Re's entry into Canada, it was a 'no-brainer,' and I could not be happier to represent them. Since joining Hannover Re, I have been incredibly impressed by our global capabilities and client solution oriented approach, and I look forward o leveraging the global organization to bring new ideas and innovative solutions to the Canadian market. Consistent with the Hannover Re values and goals, you can expect customer focused solutions that are unique to the Canadian market and the characteristics of our partners," said Mr. Lynch. Prior to joining Hannover Re Group, Mr. Lynch was with Manulife Financial since 1993, holding progressively more senior actuarial roles across various functions including marketing, pricing, product development, and asset liability management. Most recently, he was Vice President and Chief Financial Officer of Affinity Markets, Canadian Division Manulife Financial. In this role, Mr. Lynch was responsible for the oversight and financial integrity of a broad portfolio of products that encompassed Mortality, Morbidity, Property & Casualty and financial risks. In addition, he was a member of the business management team and was an adviser to the general manager on a variety of strategic initiatives. Finally, he led the financial analysis and was a key participant in two strategic acquisitions. As General Manager of the Hannover Re (Ireland) Limited Canadian Life Branch, Mr. Lynch will be responsible for developing and implementing the Hannover Re Group's strategy to bring reinsurance solutions to life and health clients in Canada. "With nearly three decades of experience in the Canadian life market and a proven track record of leadership success at Manulife Financial, Amhlaoibh brings an unsurpassed depth of knowledge to Hannover Re as we enter this new market," said Ms. O'Hare. About Hannover Re (Ireland) Limited Hannover Re (Ireland) Limited, which writes L&H business as well as Advanced Solutions business, is a wholly owned subsidiary of Hannover Re Group. Hannover Re, with gross premium of around EUR 14.0 billion, is the third-largest reinsurer in the world. It transacts all lines of property/casualty and life/health reinsurance and is present on all continents with around 2,400 staff. The rating agencies most relevant to the insurance industry have awarded Hannover Re very strong insurer financial strength ratings (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior").
Hannover Re (Ireland) Limited |
