Hannover Re: Wilhelm Zeller retires>
Hannover Re: Wilhelm Zeller retires
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Wilhelm Zeller retiresHannover, 30 June 2009: Having led the Hannover Re Group for morethan 13 years, Chief Executive Officer Wilhelm Zeller is retiringtoday as planned.After graduating in business administration with a major in insurancestudies, Mr. Zeller embarked on his professional career in 1969 withthe Gerling Group in Cologne. One year later he moved to ZürichVersicherungs-Gesellschaft in Frankfurt, where he headed theProperty/Casualty Germany and International Non-Life departments. In1977 Mr. Zeller was appointed to the Board of Executive Directors ofKölnische Rückversicherungs-Gesellschaft AG (Cologne Re). In 1995 healso became a member of the Executive Council of the Cologne Re's newprincipal shareholder, General Re Corporation in Stamford, UnitedStates. In 1996 Mr. Zeller assumed the mantle of Chief ExecutiveOfficer of Hannover Re and E+S Rück.In his more than 13 years of service Wilhelm Zeller was instrumentalin shaping the company: under his leadership Hannover Re evolved intoa major global reinsurance group. Mr. Zeller restructured the Groupand established Hannover Re as a "somewhat different reinsurer". Hisstrategy of efficient capital management, active cycle management anda focus on profitability rather than premium volume or market sharesas well as the strategically important expansion of life reinsurancebusiness made Hannover Re into a successful and strong reinsurer.The Supervisory Board of the company has expressed its wholeheartedthanks to Mr. Zeller for his exceptional entrepreneurialaccomplishments and visionary leadership.On 1 July 2009 Ulrich Wallin - as already announced in January -succeeds Wilhelm Zeller as Chief Executive Officer of Hannover Re andE+S Rück.For further information please contact:Press and Public Relations / Investor Relations:Stefan Schulz (tel. +49 511 5604-1500,e-mail: stefan.schulz(at)hannover-re.com)Press and Public Relations:Janine Bernkurth (tel. +49 511 5604-1931,e-mail: janine.bernkurth(at)hannover-re.com)Investor Relations:Klaus Paesler (tel. +49 511 5604-1736,e-mail: klaus.paesler(at)hannover-re.com)Please visit: www.hannover-re.comHannover Re, with a gross premium of around 9 billion euro, is one ofthe leading reinsurance groups in the world. It transacts all linesof non-life and life and health reinsurance. It maintains businessrelations with more than 5,000 insurance companies in about 150countries. Its worldwide network consists of more than 100subsidiaries, branch and representative offices on all fivecontinents with a total staff of roughly 1,900. The rating agenciesmost relevant to the insurance industry have awarded Hannover Re verystrong 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-lookingstatements or statements of future expectations based on currentlyavailable information. Such statements are naturally subject to risksand uncertainties. Factors such as the development of generaleconomic conditions, future market conditions, unusual catastrophicloss events, changes in the capital markets and other circumstancesmay cause the actual events or results to be materially differentfrom those anticipated by such statements. Hannover Re does not makeany representation or warranty, express or implied, as to theaccuracy, completeness or updated status of such statements.Therefore, in no case whatsoever will Hannover Re and its affiliatecompanies be liable to anyone for any decision made or action takenin conjunction with the information and/or statements in this pressrelease or for any related damages. --- End of Message ---Hannover RückKarl-Wiechert-Allee 50 Hannover GermanyWKN: 840221; ISIN: DE0008402215; Index: CDAX, CLASSIC All Share, HDAX, MDAX, MIDCAP, Prime All Share;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Regulierter Markt in Niedersächsische Börse zu Hannover, Regulierter Markt in Frankfurter Wertpapierbörse;
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Datum: 30.06.2009 - 03:59 Uhr
Sprache: Deutsch
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