Hannover Re targets 15% growth

Hannover Re Malaysia is targeting 15% growth in premiums this year. The markets in Malaysia and Thailand are seen to be driving the growth with the industry moving towards more traditional protection products.

Hannover Re Malaysia covers Asean, Pakistan and India.

Source: Business Times

Hannover Re's Staff Died in Mumbai Attack

Hema Kasipillay, a Hannover Re's underwriter based in Kuala Lumpur, who had been missing since terrorists stormed the Taj Mahal Palace and Tower Hotel on Wednesday night, has been found dead in her room on level six of the hotel.

The postmortem revealed that she had died of smoke inhalation. Hema was in Mumbai to attend a conference. She was with 2 German colleagues who were evacuated. One was holed up in his hotel room for 13 hours before being rescued. The other one was at the business centre on the ground floor and was rescued after 6 hours.

It was Hema's 1st official trip to Mumbai. According to Ravinder Singh, Hannover Re's Deputy General Manager for South and South East Asia, he was in contact with Hema thru text messages for several minutes after the gunmen stormed the hotel. The line was cut off subsequently.

Source: The Star, iReport