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. 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. [phone] [e-mail]   Media Relations: Oliver Suess Tel. [phone] [e-mail]   Investor Relations: Julia Hartmann Tel. [phone] [e-mail]   www.hannover-re.com   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

Language:	English
Company:	Hannover Rück SE
	Karl-Wiechert-Allee 50
	30625 Hannover
	Germany
Phone:	[phone]
Fax:	[phone]
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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