Hannover Rueck SE

Capital/Financing Update • Apr 2, 2002

News Details

Ad-hoc | 2 April 2002 09:43

Hannover Rückvers. english

Transfer of large-scale risks into capital market Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Transfer of large-scale risks into capital market With today’s completion of its “K3” transaction, Hannover Re has again utilized the capital markets for the securitization of catastrophe and other large-scale risks. This transaction provides Hannover Re with an equity substitute in the amount of USD 230 million. “K3” is a structured financing involving a so-called portfolio-linked securitization, comprising a variety of non-proportional reinsurance covers for natural perils (hurricanes and earthquakes in the U.S., wind-storms in Europe and earthquakes in Japan) and worldwide aviation business. Further information is to be found in a press release issued today by Hannover Re. Contact: Ralf Arndt, tel. +49 / 511 / 56 04-15 00, e-mail: ralf.arndt@hannover- re.com end of ad-hoc-announcement (c)DGAP 02.04.2002 ——————————————————————————– WKN: 840221; ISIN: DE0008402215; Index: MDAX Listed: Amtlicher Handel in Hannover, Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart 020943 Apr 02