Jean-Jacques HENCHOZ takes over HANNOVER Re's CEO position from Ulrich WALLIN

9 May 2019 — Andrei Victor
German reinsurer HANNVER Re informed in a statement that the Annual General Meeting approved by a large majority all proposed resolutions put to the vote, including the appointment of Jean-Jacques HENCHOZ as Chief Executive Officer (CEO).

"In his address to shareholders the departing Chief Executive Officer Ulrich WALLIN took the opportunity to look back on the exceptionally pleasing 2018 financial year. Despite significant major losses and a one-time charge in life and health reinsurance, Group net income increased by 10.5% to EUR 1,059.5 million", as the reinsurer informed.

At the same time, Torsten LEUE succeeds Herbert HAAS LEUE as Chairman of the Supervisory Board, who had chaired since 5 May 2009. HAAS will continue to serve as a member of the Supervisory Board.

The reinsurer has also announced that Dr. Michael OLLMANN was elected as a new member of the Supervisory Board, replacing Dr. Immo QUERNER.

At the same time the Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a dividend of EUR 5.25 per share for the 2018 financial year.

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