Munich Re - Fascination Reinsurance

Channel: MunichReVideo   |   2012/09/10
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Munich Re - Fascination Reinsurance
Munich Re - Fascination Reinsurance
::2012/09/10::
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Munich Re: NOT IF, BUT HOW
Munich Re: NOT IF, BUT HOW
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Munich Re - Entry as a professional
Munich Re - Entry as a professional
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Knowledge in dialogue -- Munich Re client seminars
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Munich Re: Einsteigen nach dem Uni-Abschluss - Traineeprogramm
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10 Jahre Munich Re, Peking
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Katastrophen-Bilanz der Munich Re
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Munich Reinsurance America
Munich Reinsurance America
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Munich Re - Entry as intern
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Munich Re: Einsteigen als Azubi (DE)
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TOUCH SPACE FLIGHT: Insurance solutions for an ambitious industry
TOUCH SPACE FLIGHT: Insurance solutions for an ambitious industry
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Finalist Munich Re
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Munich Re America Day of Service
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connect.munichre - Our exclusive client portal
connect.munichre - Our exclusive client portal
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Brighter outlook from Munich Re
Brighter outlook from Munich Re
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After Buffett bought Munich Re: The stock moved above and below his price
After Buffett bought Munich Re: The stock moved above and below his price
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Munich Re CEO von Bomhard:
Munich Re CEO von Bomhard: 'Das Wirtschaftssystem ist noch sehr fragil'
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9th CRO Assembly - Christian Wittmann, Head P&C Risk Modelling, Munich Re
9th CRO Assembly - Christian Wittmann, Head P&C Risk Modelling, Munich Re
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Topics Renewables -- The Munich Re app on renewable energies
Topics Renewables -- The Munich Re app on renewable energies
::2013/06/24::
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ECO11: #1 Munich Re Peter Hoeppe Climate Change Risk Management
ECO11: #1 Munich Re Peter Hoeppe Climate Change Risk Management
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ENERGLOBE.DE/ Interview: Peter Höppe (Munich Re) - Rückversicherer und Klimawandel
ENERGLOBE.DE/ Interview: Peter Höppe (Munich Re) - Rückversicherer und Klimawandel
::2010/12/06::
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9th CRO Assembly - Jo Oechslin, Group Chief Risk Officer, Munich Re
9th CRO Assembly - Jo Oechslin, Group Chief Risk Officer, Munich Re
::2013/12/17::
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Munich RE - Erfolgsstory auch für 2013
::2013/02/05::
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MunichRe: Aktie dividendenstrategisch sehr interessant&
MunichRe: Aktie dividendenstrategisch sehr interessant&
::2013/02/05::
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Chart Check: MDAX - Jetzt einsteigen! - Munich Re, KUKA und
::2013/02/06::
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Chart Check: E.on, K+S, Munich Re, C.A.T. Oil und Evotec
Chart Check: E.on, K+S, Munich Re, C.A.T. Oil und Evotec
::2013/12/18::
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OneClimate interviews Thomas Loster - Munich Re Foundation at COP15 - 2
OneClimate interviews Thomas Loster - Munich Re Foundation at COP15 - 2
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Chartanalyse Munich Re Handelstag24.com
Chartanalyse Munich Re Handelstag24.com
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Munich Re-Experte Häßler: Ergebnisse deutlich besser
Munich Re-Experte Häßler: Ergebnisse deutlich besser
::2012/11/07::
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Munich Re: Einsteigen mit Berufserfahrung - Claims (Eng. mU)
Munich Re: Einsteigen mit Berufserfahrung - Claims (Eng. mU)
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Munich Re: Die Aktie ist wegen einem Aspekt interessant
Munich Re: Die Aktie ist wegen einem Aspekt interessant
::2013/03/12::
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Dr Astrid Zwick, Munich RE at Novethic Conference 2011
Dr Astrid Zwick, Munich RE at Novethic Conference 2011
::2011/12/20::
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COP18: Thomas Loster, Director, Munich RE
COP18: Thomas Loster, Director, Munich RE
::2013/09/10::
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Chart Check: Munich Re, Lanxess, Deutsche Bank, SAP und Cancom
Chart Check: Munich Re, Lanxess, Deutsche Bank, SAP und Cancom
::2013/11/29::
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Munich RE - DKV Health Insurance
Munich RE - DKV Health Insurance
::2013/04/25::
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Interview mit Dr. Christian Lawrence (Munich RE) auf dem Kommunikationskongress 2012
Interview mit Dr. Christian Lawrence (Munich RE) auf dem Kommunikationskongress 2012
::2012/10/09::
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ECO11: #2 Munich Re Peter Hoeppe Climate Change Risk Management
ECO11: #2 Munich Re Peter Hoeppe Climate Change Risk Management
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Dii Conference: Torsten Jeworrek, CEO of Reinsurance, Munich Re (English)
Dii Conference: Torsten Jeworrek, CEO of Reinsurance, Munich Re (English)
::2012/11/22::
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Flutwelle: Allianz, Munich Re, Hannover Rück und Talanx im
Flutwelle: Allianz, Munich Re, Hannover Rück und Talanx im
::2013/06/04::
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Hard Rock Cafe Munich Re-Opening 31.03.2011
Hard Rock Cafe Munich Re-Opening 31.03.2011
::2011/04/01::
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Munich RE - Warren Buffett hat alles richtig gemacht
Munich RE - Warren Buffett hat alles richtig gemacht
::2013/02/13::
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Munich Re Corporate Video
Munich Re Corporate Video
::2014/03/03::
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DER AKTIONÄR TV (Chart Check): BASF und Munich Re im Fokus
DER AKTIONÄR TV (Chart Check): BASF und Munich Re im Fokus
::2013/05/22::
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Munich Re earthquake expert panel: "Different from anything experienced"
Munich Re earthquake expert panel: "Different from anything experienced"
::2012/02/17::
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Peak Perfomance attendees Munich Re & NSM Insurance Group Loves Peak
Peak Perfomance attendees Munich Re & NSM Insurance Group Loves Peak
::2010/09/23::
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Munich Re Foundation: Statement made at the Global Platform for Disaster Risk Reduction (2013)
Munich Re Foundation: Statement made at the Global Platform for Disaster Risk Reduction (2013)
::2013/05/23::
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DAX-Bilanzen im Check: Dt. Post, Lanxess, MunichRe und Merck
DAX-Bilanzen im Check: Dt. Post, Lanxess, MunichRe und Merck
::2013/08/06::
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Principles of Sustainable Insurance - Munich Reinsurance Company
Principles of Sustainable Insurance - Munich Reinsurance Company
::2013/06/17::
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Il Nord America è l
Il Nord America è l'area più colpita da catastrofi naturali collegate al meteo
::2012/10/28::
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001 David Hughes,Munich Re,Fintelekt,Insurance Technology Annual Summit,2012
001 David Hughes,Munich Re,Fintelekt,Insurance Technology Annual Summit,2012
::2012/11/02::
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From Wikipedia, the free encyclopedia
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Munich Re Group
Münchener Rückversicherungs-Gesellschaft AG
Type Aktiengesellschaft (FWBMUV2)
Industry Financial services
Founded 19 April 1880
Headquarters Munich, Germany
Area served Worldwide
Key people Nikolaus von Bomhard (CEO and Chairman of the executive board), Bernd Pischetsrieder (Chairman of the supervisory board)
Products Reinsurance, primary insurance, asset management
Revenue 51.1 billion (2013)[1]
Operating income €4,409 million (2013)[1]
Total assets €254.3 billion (2013)[1]
Total equity €26.2 billion (2013)[1]
Employees 44,665 (2013)[1]
Website munichre.com

Munich Re Group (Munich Reinsurance Company, German: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a reinsurance company based in Munich, Germany. It is one of the world’s leading reinsurers.[2] ERGO, a Munich Re subsidiary, is the Group’s primary insurance arm.

Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.

History[edit]

Main building with courtyard on Königinstraße

In 1880, Carl von Thieme, a native of Erfurt, whose father was the director of Thuringia, founded Münchener Rückversicherungs-Gesellschaft together with Wilhelm von Finck (co-owner of the Merck Finck & Co bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck served as Chairman of the supervisory board until 1924. Munich Re became renowned after the San Francisco Earthquake of 1906 as the only insurer that remained solvent after paying out all the claims.

In 2013 the company's equity amounted to €26.2 billion. The group’s premium income for the year (gross premiums written) was €51.1 billion, with its consolidated result amounting to €3,342 million. [1]

In February 2010, U.S. investor Warren Buffett became Munich Re's largest single shareholder with 11.2 percent of the company.[3]

Structure[edit]

Besides its reinsurance business, the Munich Re Group also transacts primary insurance business through the ERGO Group, and, since 1999, asset management through MEAG (MUNICH ERGO AssetManagement GmbH).

Reinsurance[edit]

Munich Re has clients (insurance companies) worldwide. It assumes part of the risk covered by these insurance companies, as well as providing comprehensive advice on insurance business. In addition to its Munich head office, Munich Re has more than 50 Business Units around the world. Munich Re provides reinsurance cover for life, health, casualty, transport, aviation, space, fire and engineering business. In 2013, gross premiums written in the reinsurance segment amounted to around €27.8bn. [1]

Primary insurance: ERGO Group[edit]

Walking Man by Jonathan Borofsky in front of the business premises on Munich´s Leopoldstraße

Munich Re’s primary insurance operations are mainly concentrated in the ERGO Insurance Group. ERGO writes all types of life and health insurance and most types of property and casualty insurance. Outside Germany, ERGO is present in more than 30 countries around the world, servicing around 35 million clients. Members of the ERGO Group include the insurance subsidiaries D.A.S., DKV and Europäische Reiseversicherung AG, and the IT service provider ITERGO. With a gross premium written of about €16.7bn in 2013, ERGO is Germany’s second-largest primary insurance group following Allianz AG.[1]

Asset management[edit]

Founded in 1999, MEAG MUNICH ERGO AssetManagement GmbH manages the assets of Munich Re, ERGO, and external clients. Their purpose is to manage and increase investments of Munich Re and ERGO and third parties. It now manages for institutional and private investors in and outside of Munich Re and ERGO around €228.1 billion (as of 31 December 2013).

Munich Health[edit]

Until the end of 2009 this segment of the company was under reinsurance and primary insurance however since the beginning of 2010 it is the company's fourth major division. It oversees all of the group's health reinsurance as well as health primary insurance business abroad (outside of Germany).

Ownership[edit]

11.2% of the share capital are attributable to Warren E. Buffett and are held by several companies of his group (Berkshire Hathaway Inc., OBH Inc., National Indemnity Co.). According to the notification dated 15.10.2010 the investment serves the purpose of making trading profits and not of implementing strategic objectives.

Free float is stated to be around 90%, with around 160,000 shareholders (February 2014). [4]

Shareholder profile: [4]

Most shareholders are located in North America (around 36.6%), followed by Germany (26.3%), other European countries (23.1%), UK (12.4%), other countries (1.6%). [4]

Subsidiaries[edit]

Key figures[edit]

Accounts prepared according to IFRS.

Key figures Munich Re[5][1]
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013
Gross premiums written (€bn) 38.2 37.4 37.3 37.8 41.4 45.5 49.5 52 51.1
Operating result (€bn) 4.156 5.877 5.573 3.834 4.721 3.978 1.180 5.350 4.409
Taxes on income (€m) 1,014 1,648 801 1,372 1,264 692 -552 866 108
Consolidated result (€bn) 2.751 3.519 3.923 1.579 2.564 2.422 712 3.211 3.342
Investments (€bn) 177.2 176.9 176.2 174.9 182.2 193.1 201.7 213.8 209.5
Technical provisions (€bn) 154.0 153.9 152.4 157.2 163.9 171.1 181.2 186.1 187.7
Equity (€bn) 24.3 26.3 25.3 21.1 22.3 23.0 23.3 27.4 26.2
Return on equity (%) 12.5 14.1 15.3 7.0 11.8 10.4 3.3 12.6 12.5
Number of employees as of 31. December 37,953 37,210 38,634 44,209 47,249 46,915 47,206 45,437 44,665

References[edit]

  1. ^ a b c d e f g h i "Annual Report 2013" (PDF) (in English). Munich Re. Retrieved 3 April 2014. 
  2. ^ Aglionby, John (3 May 2009). "Munich Re pilots Jakarta flood policy". Financial Times. Retrieved 2009-05-09. 
  3. ^ "Warren Buffett now Munich Re's biggest shareholder". Finanz Nachrichten. AFX News. 12 February 2010. Retrieved 17 November 2011. 
  4. ^ a b c "Shareholder Profile" (in English). Munich Re. Retrieved 3 April 2014. 
  5. ^ "Annual Report 2010". Munich Re. Retrieved 25 March 2010. 

External links[edit]

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