Content

No risk of billions of euros for Hannover Re from business with investment banks

Hannover, 16 September 2002:

In an article in today's Financial Times Deutschland" the paper writes about latent risks of billions of euros for reinsurers involved in business with investment banks in order to secure corporate bonds and loans. In this context, Hannover Re is mentioned as an active market participant in these new risks".

Hannover Re hereby clarifies, that the group does not pursue the type of business described in the above cited article and is therefore not involved in these latent risks of billions of euros.