Clemens Jungsthöfel

Clemens Jungsthöfel serves as Chief Executive Officer of Hannover Rück SE since April 1, 2025, leading the world's third-largest reinsurance company through a transformative period focused on sustainable growth and digital innovation. Born in 1970, Jungsthöfel exemplifies the modern insurance executive who combines deep financial expertise with strategic vision for risk management and international operations. With a comprehensive educational foundation from Jade University of Applied Sciences Wilhelmshaven, including degrees in Business Administration and Economics (1998) and Insurance Agent Training (1994), Jungsthöfel brings both technical excellence and regulatory knowledge to Hannover Re's leadership. His professional credentials as a Certified Public Auditor (2006), Certified Tax Consultant (2005), and ACA Chartered Accountant (ICAEW) demonstrate his commitment to financial excellence and international standards. Jungsthöfel's career trajectory spans over two decades in the insurance and reinsurance sector, beginning at KPMG where he spent nearly two decades as a partner specializing in auditing and consulting for international insurance groups, including industrial line and specialty insurers and reinsurers. His expertise became evident during his tenure as Chief Financial Officer at HDI Global SE (2018-2020), where he successfully led the rehabilitation of property business and restructured the finance function, increasing international business from 50% to 75% of premiums. As CFO of Hannover Re (2020-2025), Jungsthöfel demonstrated exceptional leadership in asset management, group finance, reinsurance accounting and valuation, group tax, coordination of international operations, and investor relations. His strategic approach to risk management and operational excellence has positioned Hannover Re for continued leadership in global reinsurance markets. Under his financial stewardship, the company maintained its strong market position while expanding its international footprint and enhancing its digital capabilities. As CEO, Jungsthöfel champions sustainable reinsurance solutions and technology-driven risk assessment, balancing traditional underwriting excellence with innovative approaches to emerging risks including climate change, cyber threats, and demographic shifts. His leadership philosophy emphasizes operational excellence, cultural transformation, and stakeholder value creation, with ambitious targets to strengthen Hannover Re's position as a leading global reinsurer while maintaining superior financial performance and risk-adjusted returns.