Hannover Life Reassurance Company of America (Hannover Re US) announces an update to key leadership appointment, effective January 1, 2026. Tiffany Norman will become President and CEO of Hannover Re US, succeeding Pete Schaefer, who will retire on December 31, 2025.

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Tiffany Norman

The appointment is an update of the announcement on September 3, 2025, of Clint Thompson being appointed to the role. He has elected to transition, for personal reasons, to a global role as Principal Lead, Life & Health Portfolio Steering and Business Performance reporting to Hannover Re’s Life & Health Reinsurance Executive Board Member, Brona Magee.

Tiffany brings nearly 20 years of industry experience, with expertise spanning product development, pricing, financial reporting, valuation, economic capital, and actuarial modelling. She joined Hannover Re US in 2006 and has since successfully led actuarial staffing and development for Hannover Re in the US. Tiffany most recently held the position of Executive Vice President and Head of Annuity Solutions and has achieved notable success in driving growth in this part of Hannover Re US.

Tiffany and Clint stepping into new leadership roles underscores Hannover Re’s quick, flexible and undogmatic approach to serve its clients.

Both appointments follow the remarkable leadership of Pete Schaefer, who joined in 1999 as Chief Actuary and became President and CEO in 2001. Pete guided Hannover Re US through transformative growth over his 27 years, developing a leadership team well equipped to lead the organization to continued success with a commitment to excellence and innovation that is stronger than ever.

About Hannover Re

Hannover Re is one of the world’s leading reinsurers. It transacts all lines of property & casualty and life & health reinsurance and is present worldwide with around 4,000 employees. German business of the Hannover Re Group is written by the subsidiary E+S Rück. Established in 1966, Hannover Re is recognised as a reliable partner for innovative risk solutions, exceptional customer intimacy and financial soundness. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA- "Very Strong" and AM Best A+ "Superior".

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