Hannover Re: Annual General Meeting approves all proposed resolutions

Thursday, 03. May 2007 13:51

Annual General Meeting approves all proposed resolutions

Hannover, 3 May 2007: The roughly 1,500 participants at Hannover Re's
very well attended Annual General Meeting today approved all proposed
resolutions by a large majority.

In his address to the meeting Chief Executive Officer Wilhelm Zeller
looked back once more on the exceptionally successful financial year
enjoyed by the company, which in 2006 generated the highest Group net
income - EUR 514 million - in its history. Mr. Zeller also expressed
satisfaction with the figures for the first quarter of 2007 published
today (cf. separate press release): "The renewal season in non-life
reinsurance passed off well for our company, while life and health
reinsurance more than doubled its net income relative to the
corresponding quarter of the previous year. With our results to date
we have put in place a good foundation for achieving our profit
target for the current financial year - namely a return on equity of
at least 15 percent after tax."

The Annual General Meeting approved the proposal of the Executive
Board and Supervisory Board regarding the appropriation of the parent
company's (Hannover Rück AG) disposable profit in an amount of EUR
201 million: shareholders will receive a gross dividend of EUR 1.60
on each share that was fully paid-up for the entire financial year.
The remaining disposable profit of EUR 8 million is to be carried
forward to new account.

In addition, the Annual General Meeting re-elected Mr. Wolf-Dieter
Baumgartl, Mr. Herbert K. Haas, Mr. Karl Heinz Midunsky, Dr. Immo
Querner and Dr. Klaus Sturany as shareholder representatives on the
Supervisory Board of the parent company Hannover Rückversicherung AG.
Dr. Erhard Schipporeit was also elected as a new member of the
Supervisory Board.

The company will publish its results for the second quarter of the
current financial year on 3 August 2007. The next Annual General
Meeting of Hannover Re is to be held on 6 May 2008.

For further information please contact:

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").

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 Bremen, Freiverkehr in Börse Düsseldorf,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr
in Bayerische Börse München,
Freiverkehr in Börse Stuttgart, Amtlicher Markt in Frankfurter
Related Links: Hannover Rück SE
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