ERGO DAY of the Munich Re

London, 13 December 2007

At its Investors’ Day in London, Munich Re presented the capital markets with its strategy for the primary insurance business it combines in ERGO. Dr. Nikolaus von Bomhard, Munich Re CEO: "With ERGO, the Munich Re Group can cover the entire value chain in the global risk market. In the process, we leverage value and cost synergies, and also reduce the risk-based capital required in the Group through improved diversification. And lastly, ERGO’s business is not subject to the reinsurance market cycle and so provides result stability. ERGO is consequently an integral part of the Munich Re Group and will contribute significantly to achieving the financial objectives of our Changing Gear programme."

Listen to the live audio stream of the presentations in English by the Chairman of Munich Re’s Board of Management, Dr. Nikolaus von Bomhard, and the Chairman designate of ERGO’s Board of Management, Dr. Torsten Oletzky, and also to the subsequent discussion with investors.

The press release, documentary material relating to the two presentations and the Investors’ Day workshops can be found in the column on the right.

Preview: Munich Re will be continuing its series of Investors’ Days on 19 February 2008, with information about non-life reinsurance business. An event devoted to life reinsurance business will follow on 7 October 2008.