DGAP-News: Hannover Re transfers US named storm risks to the capital markets

| Source: EQS Group AG
DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous
Hannover Re transfers US named storm risks to the capital markets

02.07.2014 / 15:30


Hannover Re transfers US named storm risks to the capital markets 

Hannover, 2 July 2014: Hannover Re has completed a new transaction as part
of its extended insurance-linked securities (ILS) activities. The company
has transferred named storm risks for the Texas Windstorm Insurance
Association (TWIA) to the capital markets. The assumed risks are limited to
the state of Texas.

The amount of capital made available by institutional investors is USD 400
million. GC Securities, a division of MMC Securities Corp., was responsible
for structuring and placing of this catastrophe bond, which matures in
approximately three years.

"With this transaction Hannover Re has underscored its long-standing
expertise in the field of alternative risk transfer and leveraged the
opportunity to generate low-risk and stable margins", Chief Executive
Officer Ulrich Wallin noted.

Since the placement of the world's first risk securitisation by Hannover Re
in 1994 the company has realised numerous innovative transactions in both
non-life and life/health reinsurance.

For further information please contact:

Corporate Communications:
Karl Steinle (tel. +49 511 5604-1500, 
e-mail: karl.steinle@hannover-re.com) 

Media Relations: 
Gabriele Handrick (tel. +49 511 5604-1502, 
e-mail: gabriele.handrick@hannover-re.com)

Investor Relations: 
Axel Bock (tel. +49 511 5604-1736, 
e-mail: axel.bock@hannover-re.com) 

Please visit: www.hannover-re.com

Hannover Re, with a gross premium of EUR 14.0 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 2,400
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:

End of Corporate News


02.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                     
Company:     Hannover Rück SE                                            
             Karl-Wiechert-Allee 50                                      
             30625 Hannover                                              
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  
276269 02.07.2014