DGAP-News: Hannover Rück SE / Key word(s): Miscellaneous Hannover Re assumes another portfolio of longevity risks in the United Kingdom 10.06.2014 / 11:00 --------------------------------------------------------------------- Hannover Re assumes another portfolio of longevity risks in the United Kingdom Hannover, 10 June 2014: Hannover Re has concluded another block transaction for longevity risks. Pension liabilities of altogether GBP 1.6 billion (EUR 2 billion) assumed in cooperation with the UK-based Pension Insurance Corporation have for the most part been transferred to Hannover Re. As with previous transactions in the longevity sector, Hannover Re assumes only the biometric risk, not the investment risk. The company will generate total premium income of around EUR 1.9 billion from this transaction. Gross premium of EUR 43 million is anticipated for the 2014 financial year. "We expect to see further attractive opportunities in longevity business because it is likely that companies will increasingly look for ways of limiting their pension liabilities", Chief Executive Officer Ulrich Wallin noted. Hannover Re has been active in the area of longevity risks since the mid-1990s. Longevity swaps hedge the risk that the life expectancy may prove to be higher than anticipated. In its block transactions for pension funds Hannover Re concentrates primarily on the blue-collar workers' segment. For further information please contact: Corporate Communications: Karl Steinle (tel. +49 511 5604-1500, e-mail: [email protected]) Media Relations: Janine Bernkurth (tel. +49 511 5604-1931, 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 End of Corporate News --------------------------------------------------------------------- 10.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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 --------------------------------------------------------------------- 272624 10.06.2014