Loss Estimate for Hannover Re from the Christchurch Earthquake

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.

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.

    
      
        
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          Hannover Rückversicherung AG
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Karl-Wiechert-Allee 50
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          30625 Hannover
        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          

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www.hannover-re.com

        
        
        
      
      
        
          ISIN:
        
        
        
        
        
        
        
        
        
        
          DE0008402215
        
        
        
      
      
        
          WKN:
        
        
        
        
        
        
        
        
        
        
          840 221
        
        
        
      
      
        
          Listed:
        
        
        
        
        
        
        
        
        
        
          Regulierter Markt in Frankfurt (Prime Standard), Hannover; 
          Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; 
          TerminbÃrse EUREX