Hannover Life Reassurance Company of America has appointed Tiffany Norman as President and Chief executive officer, effective Jan. 1, 2026. She replaces Pete Schaefer, who retires at the end of this year, the company said.
The move revises a leadership plan announced on Sept. 3. At that time, Hannover Re US said Clint Thompson would take the top role. That plan changed.
Thompson opted to shift into a global position for personal reasons and will now serve as principal lead for life and health portfolio steering and business performance. He reports to Brona Magee, a member of Hannover Re’s life and health reinsurance executive board.
Schaefer’s exit closes a long chapter. He joined the company in 1999 as chief actuary and stepped into the president and CEO role in 2001. Few executives in US life reinsurance hold that kind of tenure anymore.
Norman brings nearly two decades of industry experience, with a résumé heavy on actuarial and financial depth. Her background spans product development, pricing, valuation, financial reporting, economic capital, and actuarial modelling.
According to Hannover Re US, she joined the organisation in 2006 and has since led actuarial staffing and development across the United States. It’s a steady internal rise, not a splashy external hire.
We think the appointment signals continuity rather than a strategic pivot. Hannover Re US appears comfortable betting on institutional memory at a time when many reinsurers rotate leadership aggressively.
Separately, the broader Hannover Re group has stayed active. Earlier this year, Hannover Life Re of Australasia agreed to acquire the Australian direct life insurance portfolio of Swiss Re Life & Health Australia, which operates under the iptiQ brand. The purchase price wasn’t disclosed.
That transaction followed Swiss Re’s decision to exit iptiQ worldwide. At the time, HLR Australia described the deal as a meaningful step in its growth plans.
According to Beinsure, the move also reflects how incumbents are quietly reshaping life portfolios while leadership changes unfold elsewhere in the group.
