Corporate | 17 October 2013 10:00
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Hannover Rück SE / Key word(s): Miscellaneous
Hannover Re incurs disproportionately low losses from hailstorm Andreas Hannover, 17 October 2013: A series of particularly severe local hailstorms caused considerable losses in Germany over the summer months. The most costly of these for the insurance and reinsurance industry was hailstorm Andreas; the market loss is estimated to be at least EUR 2.5 billion. Hannover Re currently anticipates a net loss in the order of EUR 64 million for this event; relative to its market share, the impact on the company was therefore disproportionately slight. For further information please contact:
Corporate Communications:
Media Relations:
Investor Relations:
Please visit: www.hannover-re.com Hannover Re , with a gross premium of EUR 13.8 billion, is the third-largest reinsurer in the world. It transacts all lines of non-life and life and health reinsurance and is present on all continents with around 2,300 staff. 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+ ‘Superior’).
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| Language: | English | |
| Company: | Hannover Rück SE | |
| Karl-Wiechert-Allee 50 | ||
| 30625 Hannover | ||
| Germany | ||
| 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 | |
| Indices: | MDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Terminbörse EUREX | |
| End of News | DGAP News-Service |
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| 234959 17.10.2013 |