Hannover Re appoints new member of the Executive Board

Wednesday, 11. August 2010 10:00
Hannover Rück / Hannover Re appoints new member of the Executive Board processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

               Hannover, 11 August 2010: The Supervisory Boards of Hannover
Rückversicherung AG and E+S Rückversicherung AG have appointed Dr. Klaus Miller
as a full member of the Executive Board with effect from 1 September 2010.

               In concert with Dr. Wolf Becke, Dr. Miller will lead the life and
health reinsurance business group of the Hannover Re Group (Hannover Life Re),
assuming market responsibility for Northern and Central Europe. The scope of his
Board responsibility will also encompass the vigorously growing business of
longevity solutions worldwide as well as a number of cross-sectional tasks for
Hannover Life Re, including for example central actuarial functions.

               "With Dr. Miller's appointment I am delighted that we have been
able to recruit an accomplished and actuarially oriented life reinsurance expert
who knows the business from a variety of perspectives and organisations", Ulrich
Wallin, Chief Executive Officer of Hannover Re, emphasised.

               Dr. Miller (50) read mathematics with a minor in economics,
earning his doctorate in 1990 from the University of Bochum. He began his
professional career with Bayerische Rückversicherung (Swiss Re Germany), rising
to Divisional Manager for Service in life and health business. After serving as
a Managing Director with Gerling-Konzern Globale Rückversicherung, a member of
the Executive Board with Revios and Chief Risk Officer at Scor Global Life SE,
he joined Commerzbank in 2008. Here he was responsible most recently for the
area of Structured Insurance Solutions.

               Dr. Miller's professional career bears witness to both his
experience with capital market-oriented products for life/health reinsurance and
his expertise in relation to risk  management.

               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:
               Daniela Gissinger (tel. +49 511 5604-1529,
e-mail: daniela.gissinger@hannover-re.com)

               Please visit: www.hannover-re.com

               Hannover Re, with a gross premium of around EUR 10 billion, is
one of the leading reinsurance groups 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.


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Hannover Rück
Karl-Wiechert-Allee 50 Hannover Germany

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