Moderate loss for Hannover Re from the sunken drilling rig

29 April 2010 Hannover Re

The drilling rig "Deepwater Horizon" that sank in the Gulf of Mexico will also result in a major loss for Hannover Re.

On the basis of a conservative evaluation of the current - still vague - information, the Group is expecting a net loss of approx. EUR 40 million. "Therewith, we remain considerably below our major loss expectancy for the second quarter", confirmed CEO Ulrich Wallin.

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