Hannover Re's $4.2mn deal may pave way for US expansion

Hannover Re quietly acquired a US shell company on Monday (15
January) that it will use as a specialty admitted insurance
underwriter in conjunction with its Chicago-based Glencar MGA
subsidiary.
But the giant German reinsurer currently has no plans to
recreate the sizable special insurance and program business it once
had in the US, executive director Michael Pickel told
The Insurance Insider in an exclusive
interview on Wednesday.
Pickel said it was "absolutely not the plan" when
asked if the.