Global reinsurer Hannover Re has announced key leadership transitions and appointments within its Insurance-Linked Securities (ILS) and retrocession activities.
Ludolphs joined Hannover Re in 1989 and has held key roles in Germany, Ireland, and South Africa. He has been instrumental in developing Hannover Re’s ILS activities since founding the unit in 2008.
Silke Sehm, Executive Board Member, commented, “Henning oversaw our successful Insurance-Linked Securities activities and our retrocession buying for more than a decade. With the new structure, we have found a future-ready set-up.”
Patrick Horstmann, who has led the firm’s ILS activities in recent years, will officially take over as head of the unit, succeeding Ludolphs.
Horstmann joined Hannover Re in 2006 as a marketing actuary, with responsibilities across multiple European markets. He has played a pivotal role in developing the company’s ILS business and has led the unit since 2021.
Dirk Heuer will continue to lead Hannover Re’s retrocession activities. He joined the firm in 1997, holding roles across underwriting and risk management, and has led the Group’s retrocession activities since 2014.
Hannover Re also announced that Nora Lisse and Stefan Schulz have been promoted to new roles in its ILS business, heading the actuarial and collateralised fronting teams, respectively.
Lisse joined Hannover Re in 2011 and has been closely involved in developing its ILS business from the outset. She has led the PSC actuarial function within ILS since 2022, playing a key role in shaping ILS activities.
Schulz began his career at Hannover Re in 1998 and has held various leadership roles. Since 2009, he has been responsible for collateralised fronting activities, helping to establish it as a strategic success for the Group.
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