22.08.2018
Hannover Rück SE DE0008402215
DGAP-News: Hannover Rück SE: Change in top management at Hannover Re
DGAP-News: Hannover Rück SE / Key word(s): Change of Personnel
Hannover Rück SE: Change in top management at Hannover Re
22.08.2018 / 07:16
The issuer is solely responsible for the content of this announcement.
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Press release
Change in top management at Hannover Re
* Ulrich Wallin will be retiring in May 2019
* Jean-Jacques Henchoz appointed as his successor
Hannover, 22 August 2018: The Supervisory Board of Hannover Rück SE has
appointed Jean-Jacques Henchoz (53) as a member of the Executive Board with
effect from 1 April 2019. Following the end of the Annual General Meeting on
8 May 2019 he will succeed Ulrich Wallin as Chief Executive Officer of
Hannover Rück SE. On the same date, Ulrich Wallin will retire in accordance
with the Company's statutes, after his extremely successful service to
Hannover Re.
Herbert K. Haas, Chairman of the Supervisory Board of Hannover Rück SE,
noted: "We are profoundly grateful to Ulrich Wallin for his tremendous
entrepreneurial achievements. Under his expert and prudent direction
Hannover Re has significantly expanded its market position as a leading
reinsurer and further enhanced its diversification and sustained
profitability. In Jean-Jacques Henchoz we have secured the services of a
very seasoned reinsurance manager who will continue to drive the company's
successful development."
Since 2011, Jean-Jacques Henchoz has been in charge of the region Europe,
Middle East and Africa (EMEA) at Swiss Reinsurance Company, Zurich ("Swiss
Re"), taking responsibility for both the life and non-life business of Swiss
Re in this region. In January 2012, he was appointed as a member of the
Executive Committee of the Swiss Re Group in this capacity. He had
previously served with Swiss Re in a number of different positions since
1998, including in the role of CEO of the subsidiary Swiss Re Canada in the
period between 2005 and 2010. Jean-Jacques Henchoz holds a Bachelor of Arts
degree in Political Science and a Master of Business Administration degree
from the International Institute for Management Development (IMD), Lausanne.
He is a Swiss citizen.
Ulrich Wallin can look back on an extremely successful career spanning 35
years with Hannover Re. In 2001, he was appointed to the Executive Board,
becoming Chief Executive Officer in 2009. Under his leadership Hannover Re
has grown its gross written premium from roughly EUR 10.3 billion to around
EUR 17.8 billion and boosted its Group net income from some EUR 700 million
to around EUR 1 billion. Hannover Re's share price has more than quadrupled
from EUR 27 to EUR 115.
Hannover Re, with gross premium of EUR 17.8 billion, is the fourth-largest
reinsurer in the world. It transacts all lines of property & casualty and
life & health reinsurance and is present on all continents with around 3,300
staff. Established in 1966, the Hannover Re Group today has a network of
more than 140 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 outstanding 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
Contact
Corporate Communications:
Karl Steinle
Tel. +49 511 5604-1500
[email protected]
Media Relations:
Oliver Suess
Tel. +49 511 5604-1502
[email protected]
Investor Relations:
Julia Hartmann
Tel. +49 511 5604-1529
[email protected]
www.hannover-re.com
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22.08.2018 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
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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
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; Luxembourg
Stock Exchange
End of News DGAP News Service
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716253 22.08.2018
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