Hannover Rück / Worldwide Reinsurance Awards: Hannover Re honoured as "Life Reinsurance Company of the Year" processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

               Hannover,  9 September  2010: Having  already  been  honoured  on
multiple occasions in the past as "Reinsurance Company of the Year", Hannover Re
has  now been crowned "Life Reinsurance Company of the Year" for the first time.
The  prestigious international trade journal "The Review" thereby recognised the
achievements  of Hannover Re in  the field of life  reinsurance in recent years.
The  world''s fourth-largest  reinsurer concentrates  its activities  in the life
sector under the "Hannover Life Re" brand.

               Hannover  Re  considers  life  and  health  reinsurance to be the
business  group  with  the  most  significant  long-term  growth  potential. "We
generated  an all-time record result in  2009 and prospects for the current year
are  again favourable. The momentum of our business model remains undiminished",
Dr. Wolf Becke, Chief Executive Officer of Hannover Life Re, emphasised.

               Hannover  Life Re marked a milestone in 2009 with its acquisition
of  the  US  ING  life  reinsurance  portfolio.  "This transaction enabled us to
substantially  grow  our  US  life  business",  Mr. Becke noted. The acquisition
generates a premium volume of more than USD 1 billion per year.

               For  more than  ten years  now Hannover  Life Re  has also been a
pioneer  in  the  transfer  of  life  insurance  risks  to  the  capital market,
exemplified  most recently by  its placement of  the "L7" portfolio  of life and
annuity business at the end of 2008.


               For further information please contact:

               Corporate Communications:
               Karl Steinle (tel. +49 511 5604-1500,
e-mail: karl.steinle@hannover-re.com)

               Media Relations:
               Gabriele Handrick (tel. +49 511 5604-1502,
e-mail: gabriele.handrick@hannover-re.com)

               Investor Relations:
               Klaus Paesler (tel. +49 511 5604-1736,
e-mail: klaus.paesler@hannover-re.com)

               Please visit: www.hannover-re.com


               Hannover  Re, with a  gross premium of  around EUR 10 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 2,100. 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#1443403]



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