Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft (EY) has been the external auditor of the annual and consolidated financial statements of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Reinsurance Company) and of the Group since 1 January 2020.

EY duly audited the annual Group and Company financial statements and the combined management report as at 31 December 2020, and issued them with an unqualified auditor’s opinion. EY also reviewed the half-year financial report as at 30 June 2020.

Appointment of the external auditor

Pursuant to Section 341k of the German Commercial Code (HGB), external auditors of German insurance stock companies are not appointed by the Annual General Meeting, but by the Supervisory Board.

EY was appointed as the external auditor of the annual Group and Company financial statements of Munich Reinsurance Company for the 2021 financial year. Furthermore, EY was appointed as the auditor of the 2021 half-year financial report and the voluntary external audit of the combined non-financial statement in the form of a limited assurance engagement. Moreover, EY was appointed as the auditor of the solvency balance sheet at Company and Group level.