HANNOVER, Germany, Aug. 29, 2003 (PRIMEZONE) -- Effective today Eric Schuh (28) is to assume responsibility for Corporate Communications at Hannover Re (Other OTC:HVRRF). Mr. Schuh, who holds a Master's degree in Economics, was previously employed with J.P. Morgan in London as an equity analyst focusing on European insurance stocks. He will continue our policy of active and open communication with the capital markets and the press.
Mr. Schuh succeeds Dr. Lutz Kohler, who has left the company by the end of the month in order to devote himself to other tasks.
Your other contact persons (Gabriele Bodecker for Investor Relations and Gabriele Handrick for Public Relations) continue to be at your service.
Hannover Re, with gross premiums of EUR 12.5 billion, is one of the five largest reinsurers in the world. It transacts all lines of property/casualty, life/health and financial/finite-risk reinsurance as well as program business. It maintains business relations with more than 2,000 insurance companies in over 100 countries. Its worldwide network consists of more than 100 subsidiaries, branch and representative offices in 19 countries. The rating agencies most relevant to the insurance industry have each awarded Hannover Re a rating in their second-highest category (Standard & Poor's AA- "Very Strong" and A.M. Best A+ "Superior").