Michael Pickel - Hannover Member of the Executive Board

HVRRY Stock  USD 44.55  0.24  0.54%   

Executive

Dr. Michael Pickel is Member of the Executive Board at Hannover Rueck SE since 2002. He is responsible for Group Legal Services, Compliance, RunOff Solutions as well as Target Markets in Property and Casualty Reinsurance, comprising the regions North America and Continental Europe at the Company. He previously worked for the Gerling Group, where he held the positions Head of the Legal Department and Claims Management and Head of Treaty Reinsurance for Europe and South America. Dr. Pickel also held positions at Gerling Globale Rueck in Milan, Italy. Dr. Pickel studied Law at Universitaet zu Koeln. since 2002.
Age 63
Tenure 22 years
Phone49 511 5604 0
Webhttps://www.hannover-re.com

Hannover Management Efficiency

The company has return on total asset (ROA) of 0.0148 % which means that it generated a profit of $0.0148 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.128 %, meaning that it generated $0.128 on every $100 dollars invested by stockholders. Hannover's management efficiency ratios could be used to measure how well Hannover manages its routine affairs as well as how well it operates its assets and liabilities.
Hannover Re has accumulated 4.26 B in total debt with debt to equity ratio (D/E) of 0.46, which is about average as compared to similar companies. Hannover Re has a current ratio of 2.18, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Hannover until it has trouble settling it off, either with new capital or with free cash flow. So, Hannover's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hannover Re sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hannover to invest in growth at high rates of return. When we think about Hannover's use of debt, we should always consider it together with cash and equity.

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Hannover Rck SE, together with its subsidiaries, provides reinsurance products and services worldwide. The company was founded in 1966 and is headquartered in Hanover, Germany. Hannover Ruckversich operates under InsuranceReinsurance classification in the United States and is traded on OTC Exchange. It employs 3435 people. Hannover Re [HVRRY] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

Hannover Re Leadership Team

Elected by the shareholders, the Hannover's board of directors comprises two types of representatives: Hannover inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hannover. The board's role is to monitor Hannover's management team and ensure that shareholders' interests are well served. Hannover's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hannover's outside directors are responsible for providing unbiased perspectives on the board's policies.
Clemens Jungsthofel, CFO Board
Sven Althoff, Member of the Executive Board
Michael Pickel, Member of the Executive Board
Klaus Miller, Member of the Executive Board
Karl Steinle, General Manager Corporate Communications
Julia Hartmann, Senior Investor Relations Manager
JeanJacques Henchoz, CEO Board
Michael Eberhardt, Managing Branch
Claude Chvre, Member Board
Silke Sehm, Member Board

Hannover Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Hannover a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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