Hannover Re establishes life reinsurer in Bermuda

Mittwoch, 24. Oktober 2007 10:00



Hannover Re establishes life reinsurer in Bermuda

Hannover, 24 October 2007: Hannover Re has established a new
subsidiary in Bermuda which will transact life reinsurance business.
"Hannover Life Reassurance Bermuda Ltd. is to assume an important
position within the life and health reinsurance business group while
at the same time decisively strengthening our global network",
Wilhelm Zeller, Chief Executive Officer of Hannover Re, explained.

The new company's focus will be on the life, health, annuity and
personal accident lines as well as the writing of blocks of in-force
life reinsurance business. In regional terms it will concentrate on
the markets of the United Kingdom, Ireland, Canada, South Africa as
well as on business from various Asian markets. Hannover Life
Reassurance Bermuda Ltd. has an equity base of EUR 120 million and is
also able to turn Hannover Re's considerable financial strength to
its advantage.

Since 2000 the Hannover Re Group has transacted its worldwide life
and health reinsurance business under the Hannover Life Re brand.
This business group enjoys sustained double-digit growth potential
thanks to systematic customer relationship management.



For further information please contact:

Press and Public Relations / Investor Relations:
Stefan Schulz (tel. +49 / 511 / 56 04-15 00,
e-mail: stefan.schulz@hannover-re.com)

Press and Public Relations:
Gabriele Handrick (tel. +49 / 511 / 56 04-15 02,
e-mail: gabriele.handrick@hannover-re.com)

Investor Relations:
Gabriele Bödeker (tel. +49 / 511 / 56 04-17 36,
e-mail: gabriele.boedeker@hannover-re.com)


Hannover Re, with a gross premium of around 9 billion euro, is one of
the leading reinsurance groups in the world. It transacts all lines
of non-life and life and health reinsurance. It maintains business
relations with more than 5,000 insurance companies in about 150
countries. Its worldwide network consists of more than 100
subsidiaries, branch and representative offices in around 20
countries with a total staff of roughly 2,000. The rating agencies
most relevant to the insurance industry have awarded Hannover Re very
strong insurer financial strength ratings (Standard & Poor's AA-
"Very Strong" and A.M. Best A "Excellent").


Disclaimer:
Some of the statements in this press release may be forward-looking
statements or statements of future expectations based on currently
available information. Such statements are naturally subject to risks
and uncertainties. Factors such as the development of general
economic conditions, future market conditions, unusual catastrophic
loss events, changes in the capital markets and other circumstances
may cause the actual events or results to be materially different
from those anticipated by such statements. Hannover Re does not make
any representation or warranty, express or implied, as to the
accuracy, completeness or updated status of such statements.
Therefore, in no case whatsoever will Hannover Re and its affiliate
companies be liable to anyone for any decision made or action taken
in conjunction with the information and/or statements in this press
release or for any related damages.



--- End of Message ---

Hannover Rück
Karl-Wiechert-Allee 50 Hannover Germany

WKN: 840221;
ISIN: DE0008402215; Index: CDAX, CLASSIC All Share, HDAX, MDAX,
MIDCAP, Prime All Share;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Amtlicher
Markt in Niedersächsische Börse zu Hannover,
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Bayerische Börse München,
Freiverkehr in Börse Stuttgart, Amtlicher Markt in Frankfurter
Wertpapierbörse;
Relevante Links: Hannover Rück SE
Autor:
Hugin
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