Hannover Re (in German Hannover Rück) SE, with a gross premium of around €17.1 billion, is the third-largest reinsurance company in the world. Its headquarters is in Hannover, Germany. The company was founded in 1966 under the name Aktiengesellschaft für Transport- und Rückversicherung (ATR). Hannover Re transacts all lines of property & casualty and life & health reinsurance and has a network of subsidiaries, branches and representative offices on all five continents with a total staff of roughly 2,500. The Groups German business is written by the subsidiary E+S Rück.