8 May 2008
Munich Re: Satisfactory first quarter in difficult environment / Solid quarterly profit of €785m, despite substantial major losses and volatile capital markets / Operating result of €1.2bn pleasingly robust / CFO Jörg Schneider confirms expected profit range of €3.0–3.4bn for 2008, in spite of reduced premium volume in reinsurance
»more
2 May 2008
ERGO agrees on life insurance joint venture in India with HERO Group
»more
30 April 2008
Munich Re Group expands MGA (Managing General Agency) business: Acquisition of the Roanoke Companies Inc.
»more
17 April 2008
Munich Re's Annual General Meeting today: / Dividend for 2007 increased by €1.00 to €5.50 per share; dividend payout of over €1.1bn / ll Supervisory Board and Board of Management motions passed by a large majority / CEO von Bomhard: "The profits of recent years clearly illustrate that we are on the right track." / First estimates indicate satisfactory quarterly result
»more
10 April 2008
India: Increase in losses due to climate change / Board member Torsten Jeworrek: "In coming decades, the effects of climate change will make themselves felt particularly in emerging countries like India."
»more
3 April 2008
Munich Re successfully concludes acquisition of specialty US primary insurer The Midland Company (Midland) / Purchase of Midland part of Munich Re’s strategic realignment of its US business
»more
1 April 2008
Munich Re concludes acquisition of Sterling Life Insurance Company / Purchase of leading US provider of health insurance benefits for seniors strengthens International Health segment
»more
25 February 2008
Targets far exceeded: RORAC of 20.2% and earnings per share of €17.90 / Profit for the year of €3.9bn: Fourth record result in succession (including €0.4bn from one-off tax effect) / Primary insurance: Another high profit of €984m / Reinsurance: Substantially increased profit of €3.3bn / CEO von Bomhard: "Changing Gear generates a consistently high return for shareholders." / Continued ambitious goals: Sustained RORAC of 15% / Profit range of €3.0–3.4bn aimed at for 2008
»more
19 February 2008
Great interest in Munich Re’s second investors’ day / Presentation in London of strategy on property-casualty business / Central topics: Portfolio and cycle management, business opportunities in specialty classes, and innovative products
»more
30 January 2008
Munich Re Group: Record profit of €3.9bn expected for 2007 on the basis of key preliminary figures / Board of Management to propose dividend of €5.50 (previous year: €4.50) per share / Share buy-back tranche completed early: 15 million shares with a volume of €2bn acquired since May 2007 / "Subprime" expenses of less than €10m in fourth quarter / Renewals in property-casualty reinsurance at 1 January 2008: Munich Re continuing to compete successfully / Positive development in new life business in primary insurance
»more
27 December 2007
Natural catastrophe figures for 2007: Higher losses despite absence of megacatastrophes, very many loss events / Overall economic losses of US$ 75bn / Board member Dr. Torsten Jeworrek: Loss figures in line with the rising trend in natural catastrophes, Munich Re is prepared
»more
17 December 2007
Munich Re concludes agreement to acquire US healthcare insurer Sterling Life Insurance Company / Important step in the development of the Group’s business segment International Health / Dr. Wolfgang Strassl, member of the Board of Munich Re for Life and HealthCare: "Sterling is a target we have chosen carefully, and it perfectly contributes to the strategy we implemented in early 2006. It also further strengthens our capabilities as a global provider of integrated healthcare management."
»more
13 December 2007
Munich Re Investors’ Day focuses on the Group’s primary insurance business / Munich Re demonstrates success of integrated business model with primary insurance and reinsurance / ERGO Insurance Group to contribute significantly to achieving the financial objectives of the Munich Re Group’s Changing Gear programme / ERGO with ambitious targets for 2012: normalised profit of over €900m and sustainable RoE of 12–15% with a premium volume of over €23bn / Optimised capital structure: ERGO plans payment of €1.0bn dividend and financing through hybrid capital
»more
12 November 2007
Munich Re acquires Allfinanz, a leading provider of software for life insurance companies
»more
6 November 2007
Munich Re support for project to develop a global, open-source earthquake model / Global Earthquake Model generating information of the highest standard through cooperation between many of the world’s top earthquake experts / Munich Re sees improved opportunities in the medium term for loss prevention and insurability
»more
5 November 2007
With profit exceeding €3.3bn in the first three quarters, Munich Re on track for new record result / CFO Schneider: "We could even slightly surpass our profit target for the year of €3.5–3.8bn." / Further progress in Changing Gear: Repositioning in the US market, emphasis on cycle and capital management / ERGO continues expansion outside Germany – Joint venture agreed with Housing Development Finance Corporation (HDFC Ltd.) in India
»more
29 October 2007
Munich Re acquires UK company MSP Underwriting Ltd. and thus a stake in Lloyd's Syndicate 318, MSF Pritchard / Board member Peter Röder: "MSP Underwriting complements our existing portfolio perfectly. We are expanding our involvement in Lloyd’s property insurance segment."
»more
22 October 2007
Increase in weather-related natural hazard events in Europe / Need for enhanced quality of information on insured risks / Munich Re’s Geo Data Service provides tools for efficient risk management and optimised claims management / Munich Re supports trend towards differentiated reinsurance premiums
»more
18 October 2007
6th Munich Jobathlon on 7 December 2007 – Final date for entries on 11 November 2007 / Seven leading companies in the Greater Munich area – Munich Re, Allianz, AUDI, BMW, EADS, HypoVereinsbank and Infineon – offer some 150 students an insight into the professional world of work
»more
17 October 2007
Munich Re transfers cover for earthquake risks in Japan to the capital market / Heavy demand from investors in spite of uncertainty on the financial markets
»more
17 October 2007
Munich Re concludes agreement to acquire specialist US primary insurer The Midland Company (Midland) / Expansion of niche segments in US primary insurance as part of the strategic realignment of Munich Re’s US business / Peter Röder, Munich Re Board member with sole responsibility for the US market as from 1 January 2008: "We intend to grow profitably in the world’s most important insurance market. Establishing and building on a leading position in niche segments of the US primary insurance market is a significant aspect of our strategy for the USA within our Changing Gear programme." / "The specialised business model of insurers like Midland helps us to mitigate the volatility of our traditional reinsurance business," said Röder
»more
9 October 2007
Munich Re Group intends to substantially increase profitability in the U.S. as part of its global Changing Gear initiative / Munich Re announces new client-centric structure for its U.S. operations / New Munich Re America management team named
»more
1 October 2007
First in-service Executive Master of Insurance course at the Ludwig Maximilian University in Munich (LMU) starting in the 2007/2008 winter semester
»more
26 September 2007
Increasing worldwide trend towards obesity causes serious long-term health problems and places burden on healthcare systems / Munich Re Group proposes solutions for German and international insurers
»more
20 September 2007
Munich Re Group launches new sustainability portal on the internet / Extensive, up-to-date information for the public, media, analysts and investors
»more
13 September 2007
Munich Re among the founding signatories to the ClimateWise initiative / This initiative underscores the role of the insurance industry in combating climate change
»more
9 September 2007
Increasing interconnection of the global economy creates growth areas for insurers and reinsurers with experience in complex risk management / Munich Re develops innovative solutions for industrial enterprises as protection against selected enterprise risks / The claims experience in 2007 so far shows that risk-commensurate prices, terms, and conditions are necessary
»more
21 August 2007
Munich Re joins United Nations’ Global Compact initiative / Global Compact principles complement Munich Re’s guiding principles for sustainability and code of conduct
»more
20 August 2007
Munich Re Group: Munich Re America HealthCare and Cairnstone Solidify Relationship Through Purchase Agreement
»more
9 August 2007
India: Socio-economic change holds new challenges for the insurance industry / A wealth of growth opportunities for the Munich Re Group
»more
6 August 2007
Very good first half-year in reinsurance and primary insurance; profit of €2.1bn at last year's high level / Changing Gear launched successfully – growth initiatives vouch for potential of reinsurance and primary insurance / Munich Re increases profit guidance for 2007 to €3.5bn–3.8bn
»more
18 July 2007
Changes on the Boards of Management of Munich Re, Munich Re America and ERGO International AG / John P. Phelan will retire as planned after nearly six successful years as a Board member of Munich Re and as Chairman and CEO of its subsidiary Munich Re America / Dr. Peter Roeder has been appointed member of Munich Re’s Board of Management with responsibility for the North American non-life market as well as for the business relationships with large, multinational clients / Anthony J. Kuczinski will succeed John P. Phelan as Chief Executive Officer of Munich Re America / Andreas Kleiner will succeed Dr. Peter Roeder as a Board member of ERGO International AG
»more
11 July 2007
Munich Re welcomes proposal for Solvency II / CFO Jörg Schneider: New supervisory rules are a huge step forward for the insurance industry / Swift and consistent implementation will benefit policyholders and insurance companies, and stabilise the European financial markets / Reinsurance's role as risk carrier strengthened
»more
27 June 2007
Munich Re's reinsurance group to be climate-neutral by 2012 / Group's Munich head office CO2-neutral by 2009 / Package of measures includes more investment in renewable energies
»more
20 June 2007
Growing exposure due to internationally organised diamond and jewellery theft / Jewellers’ block insurance – A market for specialists / Munich Re: Risk management and prevention in close cooperation with security experts / 30 years of expertise bundled in the global Centre of Competence Jewellers’ Block
»more
5 June 2007
Munich Re signs the "Declaration on Climate Change" of the United Nations Environment Programme Finance Initiative. / Munich Re Board member Torsten Jeworrek: "Climate change is one of the greatest challenges of our time. What we do today is crucial for future generations. Therefore, swift international action is urgently needed." / Munich Re forecasts long-term increase in demand for risk protection as a result of climate change and growing concentrations of values.
»more
1 June 2007
Munich Re participates as syndicate leader in the first cross-national insurance solution for hurricane and earthquake risks / Insurance cover for countries in the Caribbean in place for hurricane season 2007 / Munich Re Board member Georg Daschner: "For us, Changing Gear also means involvement in innovative insurance concepts worldwide."
»more
10 May 2007
Munich Re Group and UniCredit: Cooperation extended to CEE region
»more
8 May 2007
Munich Re securitises a further US$ 150m of hurricane risks / Innovative investment possibility for investors
»more
4 May 2007
Earnings per share to rise by more than 10% on average from 2007 to 2010 – Munich Re launches Changing Gear initiative for further profit growth / More share buy-backs of over €5bn planned up to 2010, with €2bn by 2008 Annual General Meeting – Important component of active capital management / CEO von Bomhard: "Together with the planned dividend payments, we are talking about a volume of more than €8bn by the end of 2010." / Successful first quarter in reinsurance and primary insurance: despite Kyrill, quarterly profit of €982m at last year's high level / Von Bomhard now sees 2007 profit target at €3.0–3.2bn, given normal claims experience and stable capital markets until end of year
»more
26 April 2007
Munich Reinsurance Company's Annual General Meeting today: Supervisory Board and Board of Management motions passed by a large majority / Dividend for 2006 increased by 45% to €4.50 per share; dividend payout of almost €1bn / CEO von Bomhard: "With our Changing Gear programme, we are supporting and promoting profitable and intelligent growth at Munich Re." / 1st quarter: Munich Re on track despite Winter Storm Kyrill
»more
13 April 2007
Munich Re publishes Topics 1/2007 / Pandemic: Optimally equipped for the worst-case scenario / Risk trading: Market for securitisations now offers interesting opportunities / Geographical information systems: Geocoding improves risk management and helps clients
»more
6 March 2007
Munich Re’s new "Topics Geo — Natural catastrophes 2006" published / Board member Dr. Torsten Jeworrek: "Strict risk management equips us to deal with the increase in weather extremes" / Climate change signifies both risk and opportunity
»more
28 February 2007
Preliminary figures for 2006: Record profit of over €3.5bn (+28.5%) / Original expectations far exceeded / Reinsurance: Profit almost doubled to €2.7bn / Primary insurance: ERGO with profit of €906m (+15.3%) / Dividend to be significantly increased again — to €4.50 (3.10) per share –raising total amount distributed to nearly €1bn / CEO von Bomhard: "Our strategic orientation is paying off. We are well positioned for 2007 and beyond." / Profit of €2.8–3.2bn aimed at for 2007 — around 10% higher than last year's original goal
»more
20 February 2007
Munich Re signs declaration issued by Global Roundtable on Climate Change / Jeworrek: "Climate change calls for speedy action and international coordination"
»more
30 January 2007
Renewal of property-casualty treaty reinsurance business at 1 January 2007: Munich Re resolutely adheres to risk-adequate prices, terms and conditions / Core business reinsurance with continued high profit potential
»more
26 January 2007
Munich Re Group: Pre-tax burden from Winter Storm Kyrill up to the order of €600m / Insured market loss estimated at €5–7bn
»more
19 January 2007
Munich Re on Winter Storm Kyrill: "Typical for a warm winter" / Storms with such a dimension of loss occur more frequently in statistical terms than once in ten
years
»more
28 December 2006
Overall balance of natural catastrophe losses in 2006: Weather phenomena curb development of hurricanes — but no grounds for complacency / Board member Torsten Jeworrek: Concentration of values and number of natural catastrophes are set to increase still further, loss potentials will rise / At US$ 45bn, economic losses from natural catastrophes considerably lower than last year
»more
21 December 2006
Munich Re realises capital market solution for risks assumed from the Zurich Financial Services Group / Placement of a catastrophe bond with a volume of US$ 190m to cover the risk of earthquakes in California
»more
23 November 2006
"Managing risks more efficiently to create sustained added value" / Chief risk officers (CROs) meet for exchange of views in Munich
»more
7 November 2006
Excellent reinsurance business performance in the first three quarters: Combined ratio of 92.1% / Comparatively low major-loss burden from natural catastrophes / Primary insurance: ERGO with outstanding result / Return on risk-adjusted capital at 16.5% after three quarters / Target of 15% for the year will be clearly surpassed as things stand at present / Given normal claims experience and stable capital markets until the end of the year, consolidated profit in the range of €3.2–3.4bn achievable / Another dividend increase in prospect / Share buy-back of €1bn
»more
23 October 2006
New Munich Re subsidiary in Moscow — First foreign company to receive a licence to conduct life reinsurance business / Huge potential for developing pension provision in Eastern Europe and Central Asia
»more
22 September 2006
Piracy — Threat at sea / Munich Re publishes a new brochure on the hazard of piracy at sea, the legal and underwriting implications, and loss minimisation options
»more
20 September 2006
Munich Re successfully introduces new IT platform in international reinsurance business
»more
10 September 2006
Renewal of non–life reinsurance treaties at 1 January 2007: Munich Re continues its consistent underwriting policy
»more
3 August 2006
Outstanding half-year result of €2.1bn / Reinsurance: Combined ratio of 92.2% / Successful renewals at 1 July / Still attractive market environment / Primary insurance: Combined ratio of 92.0% / Significant profit increase for ERGO /Munich Re confident: Result target of €2.6–2.8bn for 2006 attainable even with higher burdens in the second half of the year
»more
9 May 2006
Business figures 1 January — 31 March 2006: / Big step towards target for the year with high quarterly profit of €979m / First–rate results in primary insurance and reinsurance / Treaty renewals in reinsurance strictly geared to profitability / European Embedded Value figures published for the first time for 2004/2005: Marked increase
»more
27 April 2006
The United Nations unveils Principles for Responsible Investment at the New York Stock Exchange / Munich Re among the original signatories and the first German company to sign up
»more
19 April 2006
Munich Reinsurance Company's Annual General Meeting today: Proposals of Supervisory Board and Board of Management adopted by large majority of shareholders / Dividend of €3.10 per share for 2005 — a 55% increase / Renewals in reinsurance lay foundations for another successful business year in 2006
»more
5 April 2006
Munich Re and Malik Management Zentrum St. Gallen develop self–assessment tool for top managers in the German legal sphere
»more
14 March 2006
Munich Re Group with record profit of over €2.7bn for 2005 / Very solid basic business / Owing to natural catastrophes, combined ratio of 110.5% in reinsurance, but a very gratifying 93.1% in primary insurance / Proposed dividend of €3.10 (2.00) per share / Return of 15% on risk-adjusted capital (RORAC) aimed at for 2006 / New target corresponds to a consolidated profit of €2.6–2.8bn / Strategy for the global health market: Growth and earnings potentials in the Group
»more
23 February 2006
Two new Munich Re publications: "Topics Geo — Annual review: Natural catastrophes 2005" provides a detailed summary and analysis of last year's natural events. / The insurance industry's balance sheets are dominated by tropical cyclones in the North Atlantic. In response to these developments, Munich Re and American Re have brought out a special publication entitled "Hurricanes — More intense, more frequent, more expensive".
»more
29 December 2005
Two natural events play a prominent role in the 2005 catastrophe figures: — Devastating earthquake in Kashmir: More than 80,000 killed and numerous people injured or homeless — Hurricanes make 2005 the costliest natural catastrophe year so far in insurance history / Despite the large volume of delayed Katrina claims notifications, Munich Re can still achieve its target result for 2005 and aims to increase its dividend by 55% to €3.10 / 18 April 2006: The centenary of the San Francisco earthquake
»more
21 November 2005
Munich Re further diversifies risk management instruments: €110m catastrophe bonds covering Western European windstorms placed in the capital markets
»more
7 November 2005
Quarterly profit of €513m for Munich Re, despite heavy burdens industry-wide from natural catastrophes / Outstanding investment result of €3,078m and further good development of primary insurance group in the third quarter / Outlook for the year as a whole: "Return target of 12% within reach, dividend increase possible"
»more
5 October 2005
Munich Re Group accepts UniCredit's exchange offer for its shares in HypoVereinsbank
»more
28 September 2005
Katrina and Rita: Munich Re estimates total insured market losses at up to US$ 40bn / Possible own burden of around €650m after tax on the basis of this scenario / Still significant uncertainties regarding coverage issues / Result target of 12% return on equity still achievable / Mounting exposures from natural catastrophes not insurable without risk-adequate prices and conditions
»more
11 September 2005
Renewal season for non-life reinsurance treaties due 1 January 2006: Sustained heavy demand for risk protection / Munich Re further pursues selective underwriting policy: Profitability before growth / Von Bomhard: Need to take changes in risk situation into account
»more
4 August 2005
Half-year result of €870m / 12% RoE target for 2005 confirmed / Reinsurance: Combined ratio of 99.8%, despite substantial reserve increase at American Re / Excellent performance of active business / Primary insurance: Very good result from ERGO / Outstanding combined ratio of 94.6% in the primary insurance segment as a whole
»more
19 July 2005
"Line drawn under American Re's past": Increased expenditure of €0.4bn for the Munich Re Group due to high reserve strengthening of US subsidiary / Group's profit target for 2005 confirmed nevertheless
»more
30 June 2005
CHANCE : RISIKO opens at the Haus der Kunst / Munich Re exhibition to mark its 125th anniversary
»more
27 June 2005
Investors' Day conference in London: Munich Re Group presents its internal risk model / Diversification internationally and across business segments provides advantages for shareholders and clients / Integrated risk management supports selective and return-oriented business policy
»more
13 June 2005
Munich Re welcomes strategic initiative of HypoVereinsbank / "We will carefully review the share swap offered by UniCredit"
»more
9 May 2005
Business figures 1 January — 31 March 2005:
On course with a quarterly profit of €688m / Significantly higher results in primary insurance and reinsurance / Further strengthening of earnings potential through reinsurance treaty renewals as at 1 April
»more
28 April 2005
Munich Reinsurance Company's Annual General Meeting
Proposals of Supervisory Board and Board of Management adopted by large majority of shareholders / Dividend of €2 per share for 2004, a 60% increase / Business performance in 2005 "on track" / Reinsurance renewals at 1 April positive / Munich Re – 125 years: Anniversary initiatives
»more
8 April 2005
Munich Re – 125 years: Munich Re Foundation finances UN Chair and promotes international research, with focus on disaster prevention
»more
15 March 2005
Munich Re Group 2004: Profit of €1.833bn / Pleasing combined ratio of 98.9% in reinsurance, despite high natural catastrophe losses / Combined ratio in primary insurance of only 93.0% / Dividend proposal of €2.00 (1.25) per share / Target for anniversary year 2005: 12% return on equity / Innovation offensive to create new earnings potentials
»more
24 February 2005
Extensive Munich Re study: "TOPICS geo – Annual Review: Natural Catastrophes 2004"
»more
15 February 2005
Munich Re Group: Net profit of around €1.8bn expected for 2004 / Proposed dividend of €2.00
(previous year: €1.25). Non-life reinsurance: Renewal of treaty business at 1 January 2005 very successful "despite some Cassandra-like prophecies" / Overall premium volume from this sector maintained, with very promising earnings prospects for 2005
»more
21 January 2005
Munich Re Group: Consolidated profit for the year 2004 in a range between €1.7bn and €1.9bn after special writedowns by HVB Group – subject to the proviso that work on the financial statements is ongoing
»more
11 January 2005
Megacities extremely vulnerable to natural perils, technological risks, terrorism and environmental hazards / More risk awareness and greater transparency urgently needed with regard to hazard exposure / Munich Re presents its views at the UN's World Conference on Disaster Reduction
»more
28 December 2004
Shortly before the end of the year, the strongest earthquake for 40 years / Human tragedy with tens of thousands of people killed or injured by earthquake and seismic sea waves (tsunamis) / Limited claims burden for Munich Re Group, the latest information suggesting a figure below €100m
»more
8 November 2004
Profit of €1.5bn for the first nine months / Profit of €365m for the third quarter, despite windstorm losses of approx. €550m / Renewals at 1 January 2005: Munich Re expects reinsurance prices as a whole to remain firm
»more
29 September 2004
Munich Re: Including Hurricane Jeanne, loss burden of around Euro 500m from what is historically an unusually close succession of windstorms in the Atlantic and Pacific / Target for the year much more difficult to achieve / The Group expects continued risk-commensurate prices and conditions
»more
23 September 2004
Strengthening of commitment to the Indian insurance market: Munich Re launches service company in Mumbai
»more
12 September 2004
In the run-up to the reinsurance renewals 2004/5:
- Munich Re continues a selective underwriting polic
- ... and anticipates a stable renewal season
- €2bn result target reaffirmed
»more
6 August 2004
- Very good half-year result of €1.2bn / Profit target of €2bn for 2004 affirmed
- Further improvement in combined ratios in both reinsurance and primary insurance: 95.5% and 93.4% respectively
- Pleasing treaty renewals in reinsurance business at 1 July in USA, Latin America and Australia
- Shareholding in Allianz reduced to below 10%
»more
3 June 2004
Munich Re presents detailed business figures for the first quarter of 2004 / Profit of €534m - Solid start thanks to consistent earnings orientation / Reinsurance and primary insurance with significant result improvements
»more
27 May 2004
Renewable energies: As a risk carrier, Munich Re supports technological development / Experience with similar technologies is helpful in the design of covers / Munich Re presents itself at the first International Conference for Renewable Energies in Bonn
»more
26 May 2004
Profit of €534m in first quarter / Improved combined ratio of 96.3% in reinsurance / von Bomhard: "Our hard work is bearing fruit"
»more
26 May 2004
Munich Reinsurance Company's Annual General Meeting: Shareholders adopt proposals of Supervisory Board and Board of Management by large majorities / Unchanged dividend of €1.25 per share / Profit of €534m in first quarter / Improved combined ratio of 96.3% in reinsurance / von Bomhard: "Our hard work is bearing fruit"
»more
11 May 2004
Munich Re: Official opening of new office complex "Am Münchner Tor"
»more
10 May 2004
New technologies, capital-intensive infrastructures, and increasing concentrations of values in container traffic: Constantly mounting risks place demands on marine insurers / Specialist knowledge and professional underwriting more important than ever / Uniform security code in force worldwide from 1 July to protect ports and vessels
»more
15 April 2004
Von Bomhard: "Firm focus on a profitable future" / High standards with regard to business quality / Objective for 2004: net profit of €2bn
»more
2 April 2004
Munich Re welcomes new management organisation in ERGO Insurance Group
»more
17 March 2004
Munich Re draws a line under three difficult years: €434m loss for the year but further increase in the underwriting profit to €2.0bn / Excellent combined ratios of 96.7% in reinsurance and 96.4% in primary insurance / Application of the new IAS rules creates more transparency / Munich Re shares: Free float exceeds 80% mark
»more
26 February 2004
Munich Re uses HVB capital increase to further reduce its commitment in the financial services sector / Dr. Nikolaus von Bomhard: "As a shareholder and partner, we consider HypoVereinsbank to be on the right track."
»more
25 February 2004
Detailed Munich Re study "Topics geo - Annual Review of Natural Catastrophes 2003":
Thousands of people killed and injured in five major catastrophes / Heat waves also a topic for insurance in the future
»more
19 February 2004
Successful reinsurance renewals at 1 January 2004 / Earnings potential substantially increased / First-time application of IAS 32/39 (December 2003)
»more
29 December 2003
Munich Re's analysis of natural catastrophes in 2003: Economic and insured losses continue to increase at a high level / Shortly before the end of the year: Earthquakes in Iran and California / Munich Re launches initiative to reduce earthquake catastrophes in the Third World / The winter-storm season in Europe opens with an intense low-pressure system called Jan / Heat wave in central Europe a further indication of the increase in weather extremes and a taste of the future
»more
25 November 2003
Munich Re with good underwriting results again in third quarter 2003
Group profit of EUR 152m / Disciplined underwriting policy and manageable burdens from natural catastrophes: Combined ratio in reinsurance and primary insurance once more below 100% / Growth especially strong in reinsurance and life primary insurance / Pre-tax profit expected for year as a whole
»more
23 October 2003
Allianz and Munich Re cancel their "principles of cooperation" agreement / Business relations unaffected
»more
28 August 2003
Munich Re Group: quarterly and half-yearly figures Still very pleasing development in underwriting business; combined ratio for the first half year down to 95.9% in reinsurance and 96.0% in primary insurance / Funds increased by €6bn over previous quarter or 50% to over €18bn / Excellent result before tax of €737m in the second quarter after €40m in the first quarter. High provision for taxation leads to half-yearly result of -€603m / Agricultural losses due to drought hardly affect insurance industry
»more
28 August 2003
Munich Re: "Downgrading by S&P fails to take account of the strengths of the Group"
»more
10 July 2003
Munich Re: First international reinsurer to receive nationwide composite operating license in China
»more
11 June 2003
Record attendance at this year's Annual General Meeting / Pleasing underwriting business in reinsurance and insurance / American Re in the profit zone again / Unaltered dividend of €1.25 / Supervisory Board and Board of Management personalia
»more
2 June 2003
Munich Re in 1st quarter 2003: As expected, weak capital markets continue
to affect the figures, with writedowns of €880m, but net loss contained
to €238m and much lower than in the two previous quarters.
- Markedly better operative result in reinsurance; combined ratio of only 96.8%
demonstrates substantial improvement in quality
- Primary insurers show strong growth in life and health insurance; property-casualty
combined ratio of 98.0% even better than last year
»more
30 April 2003
Munich Re Group 2002: Operative business further improved / Figures affected
by writedowns, despite high realised capital gains on investments / "Clear
precedence of profitability over growth"
»more
28 April 2003
Outcome of today's meeting of the Supervisory Board of Munich Re: Shareholders
at the 2003 AGM will be asked to renew authorisations for capital measures
/ Ratification elections for Supervisory Board / Unchanged dividend of €1.25
proposed / Change in chairmanship of the Board of Management at 31 December
2003
»more
9 April 2003
Huge demand for Munich Re euro bonds / Placement volume of €3bn for
the largest-ever euro subordinated bonds issue worldwide / Coupon rate 6.75%
/ Sterling bond also meets with great interest
»more
27 March 2003
Munich Re key figures for 2002: Despite stock market slump, profit for the
year nearly €1.1bn / Premium growth of almost 11% / Board of Management
expects continuation of positive development in 2003
»more
20 March 2003
Munich Re and Allianz to reduce their reciprocal shareholdings further
»more
10 March 2003
Munich Re study "topics Natural Catastrophes 2002": Storms and
floods have an even greater impact on insurers' claims burdens than in the
year before / How can the effects of flood catastrophes in Central Europe be
reduced? / The long-term comparison reveals a dramatic increase in losses despite
the chance below-average burden in the last three years / Geographical underwriting
makes catastrophe risks more transparent / Megacities: Index describes the
risk in large agglomerations
»more
28 February 2003
Munich Re: Successful renewals in reinsurance business / Continuing sustained upswing / Portfolio further improved / Growing risk exposure makes further adjustments to premiums and conditions necessary
»more
30 December 2002
Munich Re's analysis of natural catastrophes in 2002: Economic losses increase
distinctly to US$ 55bn (2001: 35bn) / Worst floods in Europe for centuries /
Extraordinary accumulation of severe storms and flash floods / Winter Storm
Jeanett one of the most expensive storms ever for the German insurance industry
/ Various weather extremes herald new El Niño / Mounting loss potentials
call for adjustments of insurance prices and conditions
»more
6 December 2002
Munich Re embraces the German Code of Corporate Governance: Board of Management
and Supervisory Board publish first declaration of compliance with the Code
/ Professor Hubert Markl and Wolfgang Mayrhuber to succeed Dr. Rolf-E. Breuer
and Dr. Henning Schulte-Noelle on the Supervisory Board
»more
28 November 2002
> Munich Re Group set to maintain profitable
growth in 2003 / Continued upswing in reinsurance business / Need for
even greater account to be taken of increased catastrophe potential in
the treaties in future > First nine months of 2002: Despite loss
in third quarter, high profit achieved owing to positive net balance of
realized capital gains, additional reserving for US business, and writedowns
on investments > For the year 2002 as a whole, prospect of
allocation to reserves and unchanged dividend
»more
6 November 2002
Exclusive partner Munich Re supports a special exhibition presented by the
Deutsche Museum on climate issues
The accumulation of extreme weather events underlines the significance of this
major topic for the future / Knowledge of climate effects increasingly important
for insurers
»more
30 September 2002
Realization of previously announced capital strengthening at American Re:Munich Re utilizing own resources strengthens subsidiary's position in the positively
developing US reinsurance market
»more
29 August 2002
Good first half year 2002 overall / Profits from shareholding transactions
substantially outweigh additional provisions for US business and writedowns
on equities / One year after WTC: Realigned reinsurance business develops pleasingly;
however, further improvements in the terms of trade required / Limited claims
burden from natural catastrophes
»more
17 July 2002
AGM approves unchanged dividend of €1.25 / Following the catastrophic
year 2001, reinsurance business developing very positively in the first half
of 2002 / "Ideal timing for the realignment of American Re" / Primary
insurance partnerships promise sustained growth in value / Changes on the Supervisory
Board
»more
10 July 2002
Munich Re Group makes extensive provision for developments in the US / Very
positive overall result nevertheless expected for first half year, thanks to
large capital gains from transactions with Allianz and favourable trend in reinsurance
business:
»more
27 May 2002
Munich Re Group generally optimistic again after "extreme year 2001" / Schinzler: "First-class insurance and reinsurance are scarce commodities; higher exposures and larger risks require further premium increases." / For the current year, the Group expects a bigger profit than in 2000, with substantial income from the sale of Allianz shares
»more
27 May 2002
Munich Re strengthens its profile in the market for alternative risk transfer (ART) / Formation of Munich-American Capital Markets
»more
6 May 2002
Press release from 6th May 2002
Please note the disclaimer!
»more
22 March 2002
Munich Re key provisional figures for 2001: Group profit of €250m despite unprecedented claims burdens and weak capital markets / Supervisory Board and Board of Management envisage unchanged dividend of €1.25 per share / Successful round of renewals for 2002 in reinsurance / Further strong growth also expected in primary insurance / Changes on the Board of Management
»more
13 March 2002
Natural catastrophe balance 2001: No new loss records all told, but individual
results dramatic, especially an earthquake in India / Again
inordinate strain on insurance industry / Underestimated loss potentials: first
detailed examination of meteorite impact as an insurance risk / Climate change
- what are the consequences for the insurance industry?
»more
17 January 2002
Successful completion of the transactions announced last year by Munich Re
and Allianz / Munich Re increases its stake in Nürnberger to nearly 20%
/ Early disclosure of a number of shareholdings
»more
3 January 2002
Storms in Europe - Still an underestimated risk / Munich Re examines
1999 windstorm series / Loss potentials for severe gales to be adjusted upwards
»more
28 December 2001
Natural catastrophes 2001: no very large losses for the insurance industry
/ Earthquake catastrophes at the beginning of the year in El Salvador, India,
and the USA / Numerous large typhoons in the Far East / No new loss records
in the overall balance of natural catastrophes, but individual events dramatic
/ Weather-related catastrophes increasingly severe
»more
19 December 2001
Munich Re, ERGO and HVB Group: strategic partnership with focus on cooperation
between ERGO Insurance Group and HypoVereinsbank / In addition, cooperation
in a range of areas between reinsurer and bank / Schinzler and Schmidt: Three-dimensional
partnership of great benefit
»more
29 November 2001
Munich Re Group sees prospect of strong growth in premium income and net earnings
in coming year / Major upturn in reinsurance market / Group's capital strength
outstanding even after biggest loss in insurance history / Unchanged loss reserve
of €2.1bn net reduces result for first nine months to €85m, but positive
result expected for the year as a whole despite the high claims costs / Limited
liabilities imperative in coverage of large risks against terrorism
»more
14 November 2001
Munich Re repeats its demand for a reassessment of major risks / Psychological
effect of the plane crash in Queens will accelerate market turnaround / Position
of US reinsurance subsidiaries to be strengthened by capital injections
»more
18 October 2001
Attack on the World Trade Center - Initial findings and recommendations
by Munich Re / Focus of the study is on structural engineering facts and issues
related to property and business interruption insurance
»more
5 October 2001
After the terrorist attacks: US rating agencies affirm their top ratings for
Munich Re
»more
12 September 2001
Munich Re: Deep shock at the human dimensions of the attacks in the US / The
loss events will involve commitments of up to €1bn for Munich Re and are
thus equivalent in size to its claims costs for major natural catastrophes in
the last ten years
»more
30 August 2001
Munich Re Group does well in first half-year despite difficult environment
/ Premium income and earnings with double-digit growth rates / Prospect of €1.25
dividend again / In reinsurance, reduction in combined ratio from high level,
but further improvements in terms of trade still necessary in forthcoming renewals
/ Constant growth in primary insurance and asset management business
»more
28 July 2001
Joint press release by AXA Colonia / Munich Re
2002 FIFA World Cup: New form of derivatives as protection against the risk of earthquake in Japan
»more
18 July 2001
AGM approves dividend of €1.25 (previous year: €0.95), dividend
increase number eight in ten years / Munich Re Group expects premium expansion
of more than 7% for the current year and double-digit growth again in its result
/ Chairman of the Board of Management Schinzler sees a "return to reason"
in reinsurance business / Substantial growth and earnings potential from cooperation
with the HBV Group
»more
29 May 2001
Munich Re Group on a very successful course: profit for 2000 up 54% to €1.75bn
/ Dividend of €1.25 proposed (previous year: €0.95) / Result for 2001
should again show double-digit growth / Further enhancement of earnings expected
from cooperation with HVB
»more
5 April 2001
Munich Re purchases office property in the centre of Paris / Major investment is part of the new international orientation of the company's real estate sector / Transaction handled by MEAG Real Estate GmbH
»more
30 March 2001
Munich Re key provisional figures for 2000: Record profit for the year of €1.75bn / Adjusted to take account of special items, the result for the year rose by 50% / The Board of Management and Supervisory Board anticipate a significantly higher dividend of €1.25 per share / Successful round of renewals 2001 in reinsurance / High level of growth in primary insurance through acquisitions / Once again top ratings from rating agencies
»more
15 March 2001
Presentation of new agricultural insurance scheme for Europe / Munich Re advocates risk partnership between agriculture, state and insurance industry
»more
12 March 2001
Annual review of natural catastrophes 2000:
Number of loss events rose to new record level / Windstorms and floods dominate insurers' loss figures, which were quite moderate this time / Trend continues in an upward direction / Megacities - growing loss potentials
»more
25 January 2001
US$ 300m catastrophe bonds for US and European peak risks placed in the capital markets / Munich Re diversifies its own risk management
»more
28 December 2000
Natural catastrophes 2000: Property damage and bodily injury much lower than in recent years / But new record number of loss events / No all-clear for long-term trend
»more
6 October 2000
Munich Re strengthens its position in US life reinsurance by acquiring the business of CNA Financial Corporation / Holding company set up for US operations
»more
21 September 2000
Munich Re Group grows in all fields of business / Result for first half-year on
course / "2000/2001 renewal season must produce marked increases in premiums"
- Growth through new business, portfolio optimization and acquisitions,
but also through changes in exchange rates
- Improved results in all fields of business
- Group activities augmented and intensified in reinsurance, primary
insurance and asset management
These advances characterize the development of the Munich Re Group in the business
year 2000 to date. In its interim report the Board of Management states that,
as things stand at present, the target of improving the Group result by 10% will
be achieved and it will be possible to pay a dividend of at least the same level
as last year. For the treaty renewals 2000/2001 Munich Re expects an increase
in the prices for cover and services in reinsurance.
»more
19 July 2000
AGM approves dividend of EUR 0.95 / stock split means doubling of overall amount distributed / Munich Re expects premium growth of around 6% for the current year and increase in Group profit by over 10% / Growing free float and current total of approximately 67,000 shareholders
»more
30 May 2000
Munich Re Group plans growth in markets with sustainable earnings potential / Reduction of shareholdings will release capital for investment in core activities / Parent company proposes to double overall dividend amount and make it easier for shareholders to exercise their voting rights
»more
4 May 2000
Munich Reinsurance Company and Allianz AG intend to reduce their cross holdings of 25% to around 20%. The companies signed a letter of intent to this effect today. Also planned is a restructuring of shareholdings in some jointly held companies.
»more
20 April 2000
Munich Re acquires Alte Leipziger Europa / Expansion of activities in Central and Eastern Europe
»more
31 March 2000
Munich Re announces provisional IAS figures for 1999: Group profit holds up well at EUR 1.1bn despite high claims costs in reinsurance. Supervisory Board and Board of Management will propose a dividend of EUR 0.95, which would more than double the overall amount distributed. High allocation to reserves. Signs of a turnaround in reinsurance market. Continued growth and good results again in primary insurance. Changes on the Board of Management.
»more
29 February 2000
The final year of the 20th century was marked by the number of loss events and their severity / A series of large earthquakes / December gales Anatol, Lothar, and Martin with new loss records / No prospect of a change in the long-term trend of increasing catastrophes / Severe storms: An underestimated catastrophe risk?
»more
14 January 2000
Munich Re Group: Winter storms cost up to DM 1bn / Unchanged dividend of DM 1.80 per share envisaged nevertheless: owing to stock split, this would mean a doubling of the overall amount distributed / No significant material damage losses as a result of date changeover from 1999 to 2000
»more
20 December 1999
A year, a century, and a millennium of natural catastrophes are all nearing their end - 1999 is completely in line with the catastrophe trend - Munich Re publishes a millennium review.
»more
6 December 1999
Changeover to IAS, announced for 1999 consolidated accounts, set to enhance Munich Re's transparency and attractiveness for shareholders and clients / First IAS figures on the basis of 1998 accounts: shareholders' equity, at EUR 16.2bn (DM 31.6bn), would have been 160% higher than in German Commercial Code balance sheet and consolidated profit for the year nearly twice as high at EUR 1.2bn (DM 2.3bn)
»more
11 November 1999
Munich Re links compensation of its top management to share price performance / Intention to double the total dividend payment confirmed / Supervisory Board appoints new member of Board of Management
»more
9 November 1999
Munich Re expands export credit business / Support of new state-owned and private export credit insurers / Assumption of extremely high liabilities for individual countries and risks / Munich Re promises full coverage for credit insurance in connection with Year-2000 losses
»more
28 September 1999
Munich Re: Organic development of premium and result in first half of 1999 / Higher Group profit expected for 1999 despite claims costs from recent earthquakes and from hurricane and typhoon season to date / Board of Management confirms intention of doubling the overall dividend amount for 1999
»more
19 August 1999
Munich Re prepared to join an organization resolving open Holocaust questions
»more
22 July 1999
AGM approves unchanged dividend of DM 1.80 for short business year 1998 / Further increase in profit anticipated for current business year: plans to double dividend payout / Simplification of share structure: further conversion dates for holders of bearer shares / Only Munich Re registered shares to be listed from December
»more
1 July 1999
New office in Chile to coordinate Munich Re's life reinsurance business in South America / Further dynamic growth anticipated from the increasing privatization of old age provision
»more
18 June 1999
Business year 1998: Unchanged dividend despite short business year / 4.2% increase in Group profit / Premium income nearly DM 50bn / Further increase in Group profit and doubling of overall dividend amount expected for 1999
»more
14 June 1999
Munich Re: Only registered shares to be listed on the stock exchange from the end of November 1999
»more
26 March 1999
Munich Re Group again very successful in business year 1998: Profit for the year higher than in previous year despite parent company's short business year / Marked increase in premium income
Exchange of bearer shares for registered shares runs until 1st April
»more
15 March 1999
In-depth study by Munich Re shows: Climate change and increase in loss trend persist / Special exposé "Natural catastrophes in Germany" / Model developed for assessing accumulation losses from flood risks in Germany / Natural catastrophes in 1998: a particularly severe catastrophe year
»more
24 February 1999
Munich Re opens office in Warsaw / Excellent growth potential in the Polish insurance market
»more
25 January 1999
Munich Re: Today's stock split doubles number of registered shares / Conversion of bearer shares into registered shares to follow shortly, as planned, with rights issue for the holders of bearer shares
»more
30 December 1998
New Year 1998/99: Munich Re calls in unpaid amounts of registered shares / Next step: share split and no-par-value shares / Short business year 1998 ends on new balance sheet date: 31st December / Unchanged dividend of DM 1.80 expected
»more
29 December 1998
Munich Re's review of natural catastrophes in 1998:
A year with an exceptionally large number of natural catastrophes / Losses above US$ 90bn, of which US$ 15bn insured / Dramatic increase in long-term loss trend persists / The warmer the winters, the more storms in Europe
»more
5 November 1998
AGM approves further dividend increase to DM 1.80 / Another good result in prospect for current short business year 1998 / Resolutions to introduce no-par-value shares and to simplify share structure
»more
13 October 1998
Business year 1997/98: premium income up by 38% and Group profit by 64% / Short business year 1998 also favourable so far / Result situation not impaired by turbulence on the capital markets
»more
23 September 1998
Munich Re: Valuation reserves expectedly high at around DM 82bn / Full paying-up of registered shares at turn of the year / Only one Munich Re share category in future / Changes on Supervisory Board and Board of Management
»more
21 September 1998
Alternative risk transfer analysed / Munich Re favours projectbased cooperation between reinsurers and investment banks
»more
23 July 1998
Latest information on natural hazards: Munich Re publishes a new, third edition of its immensely successful World Map of Natural Hazards
»more
29 June 1998
Munich Re to issue new shares at the end of July / Rights issue first in a series of further shareholder-friendly measures / Only one category of shares in future / Measures designed to provide higher dividend yield and more ransparency
»more
29 June 1998
Munich Re reaches new dimensions in business year 1997/98: Group profit for the year up by 65% to over DM 1.1bn / Premium income up by 38% to DM 44.4bn / Proposed dividend increase to DM 1.80 (previous year: DM 1.70)
»more
22 June 1998
Yasuda, Aon and Munich Re Announce First Japanese Typhoon-Linked Note
»more
10 March 1998
Munich Re warrants yield return of around 500% in four years / Warrant exercise period ends on 13th March
»more
2 March 1998
Costs for natural catastrophes in 1997 remarkably low / But detailed study indicates further increase in