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Hannover Re and its Chief Executive Officer honoured with awards
Hannover, 4 September 2008: Wilhelm Zeller, Chief Executive Officer of Hannover Re, had the pleasure of accepting two awards yesterday in London: the highly regarded international industry magazine "The Review" crowned Hannover Re "Reinsurance Company of the Year". At the same time, the company's CEO was honoured with the "Lifetime Achievement Award".
Following on from 1998, 2001 and 2004, Hannover Re is thus the only reinsurer to have been named "Reinsurance Company of the Year" on four occasions.
Greg Dobie, editor of "The Review", stated in his citation that the judging panel commended Hannover Re for being "a well-run company which consistently delivers excellent performance on a number of different levels".
Speaking on the recognition of Wilhelm Zeller with the "Lifetime Achievement Award", Greg Dobie observed that Wilhelm Zeller has "left his indelible imprint on the reinsurance landscape, not only by leading Hannover Re but also by implementing management principles that have now come to enjoy widespread acclaim".
This marked the fifteenth year that the award ceremony has been held. The judging panel consisted of distinguished figures from the (re)insurance industry.
For further information please contact:
Press and Public Relations / Investor Relations: Stefan Schulz (tel. +49 / 511 / 56 04-15 00, e-mail: stefan.schulz@hannover-re.com)
Press and Public Relations: Gabriele Handrick (tel. +49 / 511 / 56 04-15 02, e-mail: gabriele.handrick@hannover-re.com)
Hannover Re, with a gross premium of around 8 billion euro, is one of the leading reinsurance groups in the world. It transacts all lines of non-life and life and health reinsurance. It maintains business relations with more than 5,000 insurance companies in about 150 countries. Its worldwide network consists of more than 100 subsidiaries, branch and representative offices in around 20 countries with a total staff of roughly 1,800. 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 "Excellent").
Disclaimer: Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. Hannover Re does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will Hannover Re and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.
