Hannover Rueck SE

Regulatory Filings • Mar 4, 2011

News Details

Corporate | 4 March 2011 09:45

Loss estimate for Hannover Re from the Christchurch earthquake

Hannover Rückversicherung AG / Key word(s): Miscellaneous

04.03.2011 / 09:45

Loss estimate for Hannover Re from the Christchurch earthquake

Hannover, 4 March 2011: Hannover Re anticipates a net loss burden of some
EUR 150 million for the earthquake in the New Zealand city of Christchurch
on 22 February 2011.

The estimate is based on an insured market loss in the order of NZD 10
billion. Even if this figure rises, Hannover Re's loss expenditure will not
increase on account of its retrocession structure.

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)

Please visit: www.hannover-re.com

Hannover Re, with a gross premium of around EUR 10 billion, is the
third-largest reinsurer 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 on all five continents with a total staff of roughly 2,100. 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 Corporate News

---

04.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Hannover Rückversicherung AG
Karl-Wiechert-Allee 50
30625 Hannover
Deutschland
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
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Terminbörse EUREX

End of News DGAP News-Service

114419 04.03.2011