Hannover Rückversicherung AG: Changes on the Executive Board

Hannover Rückversicherung AG: Changes on the Executive Board

Publication of an ad hoc notification pursuant to § 15 Securities
Trading Act (WpHG)

Hannover, 21 January 2009:

The Supervisory Boards of Hannover Rückversicherung AG and E+S
Rückversicherung AG have taken the following personnel decisions:

With effect from 1 July 2009 Ulrich Wallin (54) has been appointed as
the new Chief Executive Officer of both companies. Mr. Wallin
succeeds Wilhelm Zeller, who is retiring at the end of June 2009 at
age 65. Mr. Zeller has led the Hannover Re Group for more than 13
years.

Trained as a qualified lawyer, Mr. Wallin has sat on the Executive
Boards of Hannover Re and E+S Rück since 2001. He bears
responsibility for the following Central Divisions: Specialty
Division, Direct and Facultative, Group Protections and
Insurance-linked Securities.

Mr. Wallin embarked on his professional career in 1982 with HDI
Haftpflichtverband der Deutschen Industrie V.a.G., Hannover. In 1984
he joined the Foreign Section of E+S Rück, where he built up the
portfolio of aviation reinsurance. Prior to his appointment to the
Executive Boards of Hannover Re and E+S Rück, Mr. Wallin assumed a
range of duties for the Hannover Re Group, most notably in the areas
of aviation and marine business as well as worldwide facultative
property and casualty business. Mr. Wallin is married with two
children.

With effect from the end of 31 March 2009 Mrs. Elke König, the Chief
Financial Officer of Hannover Re and E+S Rück, is leaving the
Executive Boards of both companies on the most amicable terms in
order to tackle new professional challenges. The Supervisory Boards
would like to thank Dr. König for her considerable personal
dedication and her successful work on behalf of the Hannover Re
Group.

Mrs. König is to be succeeded by Roland Vogel (49), who has headed
the Hannover Re Group's Finance and Accounting division since 2001. A
graduate in economics, Mr. Vogel has been with the Group since 1989.
After initially joining the Internal Auditing unit, he took over as
Head of the Business Administration department in 1996. Mr. Vogel is
married with two children.

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)

Investor Relations:
Klaus Paesler (tel. +49 / 511 / 56 04-17 36,
e-Mail: klaus.paesler@hannover-re.com)

Please visit: www.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.

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