<?xml version="1.0" encoding="UTF-8"?>
<!--(C) EIOPA - XBRL Taxonomy-->
<?officialURI http://eiopa.europa.eu/eu/xbrl/s2c/dict/dom/tb/hier-lab-en.xml?>
<?taxonomy-version 2.6.0?>
<?taxonomy-date 2021-07-15?>
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  <link:arcroleRef arcroleURI="http://xbrl.org/arcrole/2008/element-label" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#element-label" />
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/label" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#standard-label" />
  <link:roleRef roleURI="http://www.xbrl.org/2008/role/verboseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/2008/generic-label.xsd#verbose-label" />
  <gen:link xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_1" xlink:label="loc_s2c_TB_1." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_1." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Ceded and not ceded</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_1." xlink:to="label_s2c_TB_1." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_1._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">CC</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_1." xlink:to="label_s2c_TB_1._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_2" xlink:label="loc_s2c_TB_2." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_2." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Types of hedging strategies</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_2." xlink:to="label_s2c_TB_2." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_2._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_2." xlink:to="label_s2c_TB_2._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_3" xlink:label="loc_s2c_TB_3." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_3." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Type of underwriting model (Preparatory scope)</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_3." xlink:to="label_s2c_TB_3." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_3._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_3." xlink:to="label_s2c_TB_3._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_4" xlink:label="loc_s2c_TB_4." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_4." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Types of reinsurance [traditional or not]</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_4." xlink:to="label_s2c_TB_4." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_4._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_4." xlink:to="label_s2c_TB_4._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_5" xlink:label="loc_s2c_TB_5." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_5." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Type of reinsurance treaty</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_5." xlink:to="label_s2c_TB_5." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_5._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_5." xlink:to="label_s2c_TB_5._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_6" xlink:label="loc_s2c_TB_6." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_6." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Activity of broker</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_6." xlink:to="label_s2c_TB_6." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_6._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_6." xlink:to="label_s2c_TB_6._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_7" xlink:label="loc_s2c_TB_7." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_7." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">SPV authorisation conditions</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_7." xlink:to="label_s2c_TB_7." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_7._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_7." xlink:to="label_s2c_TB_7._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_8" xlink:label="loc_s2c_TB_8." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_8." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Role of reporting entity in repo or securities lending</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_8." xlink:to="label_s2c_TB_8." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_8._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_8." xlink:to="label_s2c_TB_8._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_9" xlink:label="loc_s2c_TB_9." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_9." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Proportional or Non-proportional</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_9." xlink:to="label_s2c_TB_9." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_9._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_9." xlink:to="label_s2c_TB_9._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_10" xlink:label="loc_s2c_TB_10." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_10." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Type of underwriting model (Full scope)</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_10." xlink:to="label_s2c_TB_10." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_10._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_10." xlink:to="label_s2c_TB_10._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_11" xlink:label="loc_s2c_TB_11." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_11." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Type of reinsurance treaty (Full scope)</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_11." xlink:to="label_s2c_TB_11." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_11._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_11." xlink:to="label_s2c_TB_11._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_12" xlink:label="loc_s2c_TB_12." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_12." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Identification of material investments</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_12." xlink:to="label_s2c_TB_12." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_12._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_12." xlink:to="label_s2c_TB_12._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_13" xlink:label="loc_s2c_TB_13." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_13." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Ceded and not ceded</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_13." xlink:to="label_s2c_TB_13." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_13._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">CC</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_13." xlink:to="label_s2c_TB_13._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_14" xlink:label="loc_s2c_TB_14." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_14." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Type of reinsurance treaty (Full scope)</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_14." xlink:to="label_s2c_TB_14." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_14._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_14." xlink:to="label_s2c_TB_14._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_15" xlink:label="loc_s2c_TB_15." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_15." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Life/non-life activity</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_15." xlink:to="label_s2c_TB_15." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_15._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">LE</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_15." xlink:to="label_s2c_TB_15._1" />
    <link:loc xlink:type="locator" xlink:href="hier.xsd#s2c_16" xlink:label="loc_s2c_TB_16." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_16." xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/label">Activity of broker</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_16." xlink:to="label_s2c_TB_16." />
    <label:label xlink:type="resource" xlink:label="label_s2c_TB_16._1" xml:lang="en" xlink:role="http://www.xbrl.org/2008/role/verboseLabel">N/A</label:label>
    <gen:arc xlink:type="arc" xlink:arcrole="http://xbrl.org/arcrole/2008/element-label" xlink:from="loc_s2c_TB_16." xlink:to="label_s2c_TB_16._1" />
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