@WarrenWobuffet What does Hannover Re have to do with Allianz, please? A comparison with Munich Re is more likely due to its business segments, but not with Allianz.
@Therapeut ah ok - this is also understandable as Allianz is more or less at the front in the customer business and the reinsurers are more in the background. Therefore, compared to the insurers, they are not so much in the public eye (advertising etc.) You can ask your friends who knows Allianz, Ergo, Generali, etc. and who knows Munich, Hannover or SwissRe.
@Dividenden-Sammler I agree with you about the business model. But you've just described my point very well. The broader masses don't even get as far as the reinsurers. And even there, Hannover RE is not the first candidate they have on their radar.