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Hannover Re completes new ILS transactions

DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous
Hannover Re completes new ILS transactions

03.06.2015 / 11:00

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Press release

Hannover Re completes new ILS transactions

Hannover, 3 June 2015: Hannover Re has completed two new transactions as
part of its insurance-linked securities (ILS) activities. The company has
transferred storm risks for the US-based Massachusetts Property Insurance
Underwriting Association (MPIUA) and Texas Windstorm Insurance Association
(TWIA) to the capital markets.

The amount of capital made available by institutional investors is USD 300
million in the case of MPIUA and USD 700 million for TWIA; this is the
largest catastrophe bond issued to date in 2015. GC Securities, a division
of MMC Securities Corp., served as sole structurer and bookrunner.

"We are delighted that in coordination with our partners we have again
successfully transferred insurance risks to the capital markets; this
underscores Hannover Re's long-standing expertise in the field of
alternative risk transfer. In so doing, we are able to support our clients
while at the same time generating low-risk and stable margins for our
company", Chief Executive Officer Ulrich Wallin noted. Hannover Re had
already transferred storm risks to the capital markets for TWIA in the
previous year.

Since the placement of the world's first risk securitisation by Hannover Re
in 1994 the company has realised numerous innovative transactions in both
property & casualty and life & health reinsurance.

For further information please contact:

Media Relations:
Gabriele Handrick (tel. [phone],
e-mail: [e-mail])

Investor Relations:
Julia Hartmann (tel. [phone],
e-mail: [e-mail])

Please visit: www.hannover-re.com

Hannover Re, with gross premium of EUR 14.4 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
2,500 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").

Please note the disclaimer:
https://www.hannover-re.com/535917



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Language: English
Company: Hannover Rück SE
Karl-Wiechert-Allee 50
30625 Hannover
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
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; Terminbörse EUREX; Luxemburg


End of News DGAP News-Service
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