Hannover Rück SE, DE0008402215

Hannover Rück SE, DE0008402215

12.07.2017 - 14:32:32

Hannover Rück SE: Hannover Re expands its ILS activities

Press Release

Hannover Re expands its ILS activities

Hannover, 12 July 2017: Hannover Re has completed three further transactions as part of its Insurance-Linked Securities (ILS) activities, thereby underscoring its wealth of experience and expertise in the field of alternative risk transfer.

For the first time Hannover Re has transferred for the American Integrity Insurance Company of Florida (AIIC) Florida named storm and severe thunderstorm risks to capital market investors. The amount of capital raised from institutional investors is USD 210 million; the transaction matures in approximately three years.

In two further transactions Hannover Re has again transferred risks to capital market investors for the Texas Windstorm Insurance Association (TWIA) and Massachusetts Property Insurance Underwriting Association (MPIUA). The catastrophe bond volumes for TWIA and MPIUA amount to USD 400 million and USD 350 million respectively. These transactions also have a maturity of approximately three years.

GC Securities, a division of MMC Securities LLC, served as the sole structurer and sole bookrunner on each of these three transactions.

"We are delighted that with our three latest transactions we have been able to not only maintain existing partnerships but also acquire a new client. In recent years we have substantially enlarged our market share of transformer business with the placement of additional exposures in excess of USD 2.5 billion", Jürgen Gräber, the responsible member of the Executive Board, noted. Through its ILS activities Hannover Re is able to generate margins that are both low-risk and attractive.

Since the placement of the world's first risk securitisation by Hannover Re in 1994, the company has utilised the entire spectrum of the ILS market. Along with the aforementioned risk transfer for clients, it also protects its own risks through the capital market. Furthermore, the company is itself active as an investor in catastrophe bonds.

Hannover Re, with gross premium of EUR 16.4 billion, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 2,900 staff. Established in 1966, the Hannover Re Group today has a network of more than 100 subsidiaries, branches and representative offices worldwide. The Group's German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück very strong insurer financial strength ratings: Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior".

Please note the disclaimer:https://www.hannover-re.com/535917Contact  Media Relations: Gabriele Handrick tel. +49 511 5604-1502 gabriele.handrick@hannover-re.com  Investor Relations: Axel Bock tel. +49 511 5604-1736 axel.bock@hannover-re.com  www.hannover-re.com

12.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxemburg   End of News DGAP News Service

592051  12.07.2017 

@ dgap.de

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