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Hannover Re transacts reinsurance via e-commerce: Inreon

Hannover, 15 June 2001:

Hannover Re has joined "inreon", an independent, internet-based exchange for standardised reinsurance products.

The platform enables insurers and brokers to place risks online with various reinsurance companies. Hannover Re will sell reinsurance capacity via the inreon virtual marketplace and will underwrite the full range of facultative risks traded.

E-commerce will become more important for reinsurers in the near future, explained Wilhelm Zeller, Chairman of the Executive Board. Through inreon our clients can now access our capacity and products using an efficient and fully secure channel. Our participation in the inreon network represents another step forward in Hannover Re's comprehensive e-commerce strategy.