Managing risks more efficiently to create sustained added value" / Chief risk officers (CROs) meet for exchange of views in Munich

2006/11/23

Group

Nikolaus von Bomhard, Chairman of the Board of Management, welcomed participants to Munich Re for the second international CRO Assembly, a gathering of leading risk experts from major insurers and other financial service providers: "We insurers have to manage the risks we accept more efficiently in order to give our clients sustained added value. If we are successful in this, we will also meet our shareholders' return expectations better, because the cyclicity of our business will decrease."

Charlie Shamieh, Munich Re's CRO and Head of Integrated Risk Management, added: "Our aim has always been to make integrated risk management a cornerstone of our business. It is the only way to turn risk into value."

The CRO Assembly from 20 November to 22 November 2006 was attended by over 80 risk experts from insurers, banks and industrial firms from more than 20 countries. The meeting, held annually, is organised by the International Association for the Study of Insurance Economics, "The Geneva Association", in collaboration with primary insurers and reinsurers.

Münchener Rückversicherungs-Gesellschaft
signed von Bomhard           signed Küppers

Disclaimer
This media information contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

Further Information

For media inquiries please contact:
Johanna Weber
Johanna Weber
Media Relations Munich
Phone
+49 (89) 3891-2695
E-Mail
jweber@munichre.com
We use cookies on our websites to improve your experience as an internet user, and to optimise our online services. They comprise cookies that are required for technical purposes, and without which the website functionality could not be guaranteed. We also employ cookies to carry out statistical evaluations of the reach of our websites. These evaluations are anonymised. You can find further information on the cookies we use, and ways to object to the use of cookies for statistical evaluations, in our cookie guidelines.