Reports claims that Hannover Re is no longer interested in Scottish Re...

Hannover Re has pulled out of the bidding race for Scottish Re, according to reports.

Flagged as one of the front runners to buy up the struggling life reinsurer in September, according to a Reuter's source, the group has decided against pursuing the bid further. Hannover refused to comment on the report.

As reported yesterday, Scor has now taken pole position, with sources expecting the group to make an official bid in the near future.

Read also...

SCOR to bid for Scottish Re
Scottish Re faces class action
Scottish Re could be sold by October

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.