HANN.RUECKVER.AG NA : Re increases its "K6" capital market transaction

Hannover Rück / Hannover Re increases its "K6" capital market transaction processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

Hannover,  27 January  2010: Hannover  Re  has  given the capital market another
opportunity to participate in (natural) catastrophe risks. The "K6" transaction,
which  was launched in 2009, was further  boosted by the maximum targeted amount
of  USD 152 million to a total volume of USD 329 million; it was taken up by new
and  existing investors alike.  Placement proved highly  successful for Hannover
Re,  with investor  demand comfortably  outstripping supply.  This also confirms
that  the market for alternative risk transfer, which had contracted in the wake
of the financial market crisis, has recovered.

"Our  latest  capital  market  transaction  serves to complement our traditional
programme  of protection cover,  which we use  to protect against peak exposures
such  as natural catastrophes", Chief Executive Officer Ulrich Wallin explained.
"Our  investors enjoy extremely attractive returns  given a normal experience of
the  covered  portfolio.  What  is  more,  they  are able to diversify their own
portfolio  and  exclude  the  usual  interest  rate  risks associated with other
capital market products."

The  additional interests in the "K6" transaction  were taken out in the form of
three-year  contracts, which means  that in future  only part of  the "K6" quota
share will be renewed at year-end. The transaction was placed with institutional
investors worldwide.

The portfolio assembled for the "K6" securitisation consists of non-proportional
reinsurance treaties in the property catastrophe, aviation and marine (including
offshore) lines.


For further information please contact:

Press and Public Relations / Investor Relations:
Karl Steinle (tel. [phone],
e-mail: [e-mail])

Press and Public Relations:
Gabriele Handrick (tel. [phone],
e-mail: [e-mail])

Investor Relations:
Klaus Paesler (tel. [phone],
e-mail:[e-mail])

Please visit: www.hannover-re.com <http://www.hannover-re.com/>


Hannover Re, with a gross premium of around EUR 9 billion, 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  on all five
continents  with  a  total  staff  of  roughly  2,000. 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.


[HUG#1377507]



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Hannover Rück
Karl-Wiechert-Allee 50 Hannover Germany

WKN: 840221;ISIN: DE0008402215;Index:CDAX,MIDCAP,Prime All Share,HDAX,CLASSIC All Share;MDAX;