Hannover Re appoints Swiss Re executive Thorsten Steinmann to the Executive Board to succeed Michael Pickel

25 March 2024 — Andrei VICTOR

The Supervisory Boards of Hannover Ruck SE and E+S Ruckversicherung AG have appointed Thorsten Steinmann as a member of the Executive Board of Hannover Re and E+S Ruck effective 1 September 2024. He will succeed Michael Pickel, who will retire on 31 December 2024 after 25 successful years at Hannover Re.

Thorsten Steinmann joins from Swiss Re, where he was most recently responsible for the reinsurance business in Germany, the Nordics, Austria, Central and Eastern Europe, the Netherlands, and Switzerland.

Following a transition period, he will head E+S Ruck, the Hannover Re subsidiary responsible for the Group's German business, as Chief Executive Officer effective 1 January 2025, and will be responsible for yet to be determined markets in continental Europe at Hannover Re.