DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous
Hannover Re assumes reinsurance of energy savings warranties in
Germany
16.05.2013 / 11:00
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Hannover Re assumes reinsurance of energy savings warranties in Germany
Hannover, 16 May 2013: Hannover Re, in cooperation with KlimaProtect, has
for the first time developed an energy savings warranty insurance product
for industrial enterprises in Germany. This insurance solution enables
providers of energy efficiency solutions to guarantee the potential energy
savings offered by their retrofit activities. In the event that the
promised energy savings fail to materialise, the company concerned receives
deficiency payments from the contractor which are backstopped by the
insurance coverage. Hannover Re, for its part, reinsures these energy
savings warranties covered by its primary insurance clients.
The idea for the product is based on a warranty insurance solution jointly
developed by Hannover Re in the United States, which it has now adapted in
cooperation with KlimaProtect to fit the needs of German businesses.
'With this innovative insurance product we would like to create additional
incentives to invest in energy-efficient measures and reduce energy
consumption in Germany', explained Ulrich Wallin, Chief Executive Officer
of Hannover Re.
Target clients for such warranty insurance include, for example, firms that
improve exterior insulation, install heating systems and combined heat and
power units or optimise lighting equipment. Going forward, Hannover Re
expects to see further vigorous growth in investments in energy efficiency
measures on the European market.
For further information please contact:
Media Relations:
Gabriele Handrick (tel. +49 511 5604-1502,
e-mail: gabriele.handrick@hannover-re.com)
Investor Relations:
Julia Hartmann (tel. +49 511 5604-1529,
e-mail: julia.hartmann@hannover-re.com)
Please visit: www.hannover-re.com
Hannover Re, with a gross premium of EUR 13.8 billion, is the third-largest
reinsurer in the world. It transacts all lines of non-life and life and
health reinsurance and is present on all continents with around 2,300
staff. 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+ 'Superior').
Please note the disclaimer:
www.hannover-re.com/misc/disclaimer-pr-050811
End of Corporate News
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Language: English
Company: Hannover Rück SE
Karl-Wiechert-Allee 50
30625 Hannover
Germany
Phone: +49-(0)511-5604-1500
Fax: +49-(0)511-5604-1648
E-mail: info@hannover-re.com
Internet: www.hannover-re.com
ISIN: DE0008402215
WKN: 840 221
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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211079 16.05.2013
DGAP-News: Hannover Re assumes reinsurance of energy savings warranties in Germany
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