Hannover Re to sponsor the Global Earthquake Model initiative

Thursday, 23. September 2010 11:00
Hannover Rück / Hannover Re to sponsor the Global Earthquake Model initiative processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

              Hannover (Germany) / Pavia (Italy), 23 September 2010: Hannover Re
and the GEM (Global Earthquake Model) Foundation are pleased to announce their
partnership agreement.

              Hannover Re will contribute 1 million euro and technical expertise
to the creation of the first global open-source earthquake risk model, which
will provide a full spectrum of users with uniform information on seismic
hazard, seismic risk and the socio-economic impacts of earthquakes.

              Rui Pinho, Secretary General of GEM Foundation, declared: "All GEM
actors involved have a common mission: to improve earthquake risk modelling and
assessment significantly and provide both basic and expert users worldwide with
access to state-of-the art tools and software, contributing also to risk
mitigation and reduction. We are very pleased that Hannover Re has taken the
decision of joining this initiative, contributing and adding impetus to the
ongoing endeavour, which aims at the release of a first version of the
open-source global seismic risk model by 2013."

              Ulrich Wallin, CEO of Hannover Re explained: "As a reinsurer we
are keenly interested in the most reliable possible assessment of natural
catastrophe risks. Through our partnership with the Global Earthquake Model
Foundation we are seeking to help facilitate better assessment of the risks
posed by earthquakes. The output produced by GEM could deliver valuable insights
for our own risk assessment and hence enable us to further refine our risk
management and our underwriting of risks exposed to earthquakes."

              Initiated by the OECD, GEM started its operations in 2009 with the
goal of constructing a global model for earthquake risks that is freely
accessible worldwide.

              Your contacts at Hannover Re:

              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:
              Klaus Paesler (tel. +49 511 5604-1736,
e-mail: klaus.paesler@hannover-re.com)

              Please visit: www.hannover-re.com

              Your contacts at GEM:

              Outreach & Communications Officer:
              Nicole Keller (Tel. +39 0382 516975,
              E-Mail: nicole.keller@globalquakemodel.org)

              PR & Press Office Weber Shandwick:
              Enrico Nonino (Tel. +39 02 5737 8314,
              E-Mail: enonino@webershandwick.com)

              Please visit:http://www.globalquakemodel.org

              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").

              The Global Earthquake Model (GEM) is a public-private initiative
focused on the establishment of uniform, independent standards to calculate and
communicate earthquake risk worldwide. Initiated by the Global Science Forum of
the Organization for the Economic Cooperation and Development (OECD), GEM
currently features a number of private organisations, countries and major
international organisations such as The World Bank and UN as its partners.
Experts and institutions across the entire globe are involved in the
construction of a global earthquake risk model, so that by 2013 a full spectrum
of users will have access to state-of-the-art tools for the assessment of
earthquake hazard, risk and the impacts of earthquakes on society and economy
worldwide, including tools for production of maps, tables and curves. Tools and
output produced by GEM may also be used to support raising of seismic risk
awareness and deployment of mitigating policies and actions.

              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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