Hannover Re: Annual General Meeting adopts all proposed resolutions
(Thomson Reuters ONE) -
Hannover Rück / Hannover Re: Annual General Meeting adopts all proposed resolutions processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Hannover, 4 May 2010: The Annual General Meeting of Hannover Re today approved
all proposed resolutions by a large majority.
In his address Chief Executive Officer Ulrich Wallin took the opportunity to
look back once again on the outstanding 2009 financial year, in which the
company for the first time generated an operating profit in excess of EUR 1
billion. The highest net income in the history of the Group was in part assisted
by positive non-recurring effects.
Mr. Wallin also expressed satisfaction with the results as at 31 March 2010 (cf.
separate press release): "Although the burden of catastrophe losses in the first
quarter was higher than our expected level, the achieved result puts in place a
good platform for attaining our 2010 profit target - namely a return on equity
of at least 15 percent after tax."
The Annual General Meeting approved the proposal of the Executive Board and
Supervisory Board regarding the appropriation of the disposable profit of
Hannover Rück AG in an amount of EUR 259 million: shareholders will receive a
gross dividend of EUR 2.10 on each share fully paid up for the entire financial
year. The remaining disposable profit of EUR 5.7 million is to be carried
forward to new account.
The Annual General Meeting also approved the new system of remuneration for
Hannover Re's Executive Board. It is intended to appropriately recompense the
members of the Executive Board for their contribution to the company's success
according to their joint and individual performance through commensurate
variable portions of the total remuneration. The system consists of three
components: fixed emoluments, a variable bonus and a share-based remuneration
component. Details of the remuneration system - including the amendments
approved following entry into force of the Act on the Adequacy of Management
Board Remuneration - are set out in the annual report 2009.
The next Annual General Meeting is scheduled for 3 May 2011.
For further information please contact:
Press and Public Relations / Investor Relations:
Karl Steinle (tel. +49 511 5604-1500,
e-mail: karl.steinle(at)hannover-re.com)
Press and Public Relations:
Gabriele Handrick (tel. +49 511 5604-1502,
e-mail: gabriele.handrick(at)hannover-re.com)
Investor Relations:
Klaus Paesler (tel. +49 511 5604-1736,
e-mail: klaus.paesler(at)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 2,000. 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#1411201]
--- End of Message ---
Hannover Rück
Karl-Wiechert-Allee 50 Hannover Germany
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Zimtu Capital Corp. Announces Involvement in Quantum´s Acquisition of Large Niobium - Rare Earth Carbonatite Complex in Nebraska
Datum: 04.05.2010 - 16:00 Uhr
Sprache: Deutsch
News-ID 20240
Anzahl Zeichen: 0
contact information:
Town:
Hannover
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 222 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Hannover Re: Annual General Meeting adopts all proposed resolutions"
steht unter der journalistisch-redaktionellen Verantwortung von
Hannover Rück (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
