130 years Munich Re – An exciting story

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130 years Munich Re – An exciting story

It all started on a small scale in April 1880: two rooms, four staff members, standing desks, oil lamps, no telephone. But behind this modest new business lay a great idea. The founding of Munich Reinsurance Company heralded the onset of a new reinsurance era. Von Thieme’s aim was to achieve success with a company that was independent of insurers, had a broad spread of risk and an efficient system of reinsurance treaties, and remained very close to its clients. The idea worked. Within a few years, Munich Re had become a world leader in its field and has continued to play an important role in shaping the insurance industry up to the present day. However, there have been some serious setbacks on the way – Munich Re has had to cope with large loss events, two world wars and upheaval in the financial markets, but has emerged from all of these crises and surged ahead again with renewed strength and ideas.

1880–1889: The early years

1890–1909: Expansion beyond Germany’s borders

1910–1919: The company’s first building, the war years

1920–1949: The Weimar Republic and the Second World War

1950–1969: Growth years

1970–1989: Natural catastrophes – the growing threat

1990–1999: Years of expansion

2000–2010: The new Munich Re brand

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