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 2021, and issued them with an unqualified auditor’s opinion. EY also reviewed the half-year financial report as at 30 June 2021.
Appointment of the external auditor
Based on a specific provision for (re)insurance companies (Section 341k(2) of the German Commercial Code (HGB)), external auditors of German insurance stock companies have been appointed by the Supervisory Board. As of the 2022 financial year the Annual General Meeting will appoint the external auditor due to a change in the law as a result of the FISG (German Act to Strengthen Financial Market Integrity).
EY was appointed as the auditor and Group auditor, as well as the auditor for the solvency balance sheets, for the 2022 financial year respectively, and as auditor for the review of the condensed financial statements and the interim management report for the first half-year of the 2022 financial year, and for any additional mid-year financial information for the 2022 financial year and the first quarter of the 2023 financial year. Furthermore, EY was appointed as the auditor of the voluntary external audit of the combined non-financial statement in the form of a limited assurance engagement.