DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous AXA France and Hannover Re announce the conclusion of the first longevity swap on the French market 08.08.2014 / 11:00 --------------------------------------------------------------------- AXA France and Hannover Re announce the conclusion of the first longevity swap on the French market Hannover, 8 August 2014: The reinsurance treaty covers more than 22,000 insured with associated pension liabilities which represent nearly EUR 750 million. "AXA France innovates by securing a significant part of commitments associated with longevity through reinsurance. We are the first insurer in France to transfer such liabilities", Nicolas Moreau, CEO of AXA France, emphasised. "I am pleased that with our latest block transaction we have been able to demonstrate that our expertise in reinsurance products for the longevity risk also extends to the French market", Ulrich Wallin, CEO of Hannover Re, commented. AXA Retirement Savings Company specialises in the development of long-term savings schemes. The company is the leading actor in France in the area of employee retirement savings with a nearly 20% market share in terms of outstanding provisions; it is also engaged in further international activities. Hannover Re has been active on the longevity risk market since the mid-1990s. The largest market to date for this form of risk transfer has been the United Kingdom, although companies across Europe are increasingly expressing a need for such solutions. For further information please contact: Media Relations: Gabriele Handrick (tel. +49 511 5604-1502, e-mail: [email protected]) Investor Relations: Julia Hartmann (tel. +49 511 5604-1529, e-mail: [email protected]) Please visit: www.hannover-re.com Hannover Re, with a gross premium of EUR 14.0 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 2,400 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: www.hannover-re.com/misc/disclaimer-pr-050811 --------------------------------------------------------------------- 08.08.2014 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. Media archive at www.dgap-medientreff.de and 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: [email protected] 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 --------------------------------------------------------------------- 281386 08.08.2014