DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous
Hannover Re places protection cover for extreme mortality risks
16.12.2014 / 11:00
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Press release
Hannover Re places protection cover for extreme mortality risks
Hannover, 16 December 2014: Hannover Re has successfully placed a swap for
extreme mortality scenarios on the capital market. This multi-year
protection cover hedges life insurance risks against a severe increase in
mortality rates - resulting, for example, from pandemics - in the United
Kingdom, Australia and the United States. Altogether, a volume of some USD
160 million has been placed in the past two years.
The index-linked swap, which was structured and placed by Hannover Re, was
taken up primarily by institutional investors.
"With this transaction we have developed a customised concept designed to
counter the impacts of a significant increase in mortality rates", Ulrich
Wallin, Chief Executive Officer of Hannover Re, explained.
Hannover Re has been active in the field of insurance-linked securities
(ILS) since the mid-1990s and has considerable expertise in enabling
investors to participate in insurance risks.
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:
Julia Hartmann (tel. +49 511 5604-1529,
e-mail: julia.hartmann@hannover-re.com)
Please visit: www.hannover-re.com
Hannover Re, with gross premium of EUR 14.0 billion, is the third-largest
reinsurer in the world. It transacts all lines of property/casualty and
life/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:
www.hannover-re.com/misc/disclaimer-pr-050811
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16.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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305847 16.12.2014
DGAP-News: Hannover Re places protection cover for extreme mortality risks
| Source: EQS Group AG