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    • First in-service Executive Master of Insurance course at the Ludwig Maximilian University in Munich (LMU) starting in the 2007/2008 winter semester

    • Overall programme coordination by the German Insurance Association for Vocational Training in Munich (Berufsbildungswerk der Versicherungswirtschaft – BWV)

    • Munich Re and various primary insurance and reinsurance companies cooperating on the content and structure of the course

    • Dr. Wolfgang Strassl, Board member at Munich Re responsible for human resources: "The Executive Master of Insurance course co-initiated by Munich Re creates ideal conditions for gaining further qualifications. By cooperating in the development of new courses, we can ensure that Munich Re has the right staff in its ranks in the long term."

    This new master’s degree programme is a four-semester in-service course clearly focusing on insurance-business topics and addressing in particular institutional, financial and legal aspects. The Institute for Risk and Insurance Management at LMU’s Munich School of Management leads the programme, which it conceived in close cooperation with the Munich insurance industry. The new master’s degree programme has been able to recruit Prof. Andreas Richter as its academic director.

    The Executive Master of Insurance course offers 15 young graduate professionals, with at least two years of experience in an insurance company or an insurance-related environment, the opportunity to gain a further qualification that is academically sound, industry-specific and thus also closely geared to the needs of the workplace. Four candidates from Munich Re will begin the programme in the 2007/2008 winter semester, with the company covering their tuition fees.

    Münchener Rückversicherungs-Gesellschaft
    signed Dr. Strassl           signed Dr. Lawrence

    The Munich Re Group operates worldwide, turning risk into value. In the financial year 2006, it achieved a profit of €3,519m, the highest in its corporate history. Its premium income amounted to approximately €37bn and its investments to around €177bn. The Group operates in all lines of business, with around 37,000 employees at over 50 locations throughout the world and is characterised by particularly pronounced diversification, client focus and earnings stability. With premium income of around €22bn from reinsurance alone, it is one of the world's leading reinsurers. Its primary insurance operations are mainly concentrated in the ERGO Insurance Group. With premium income of almost €17bn, ERGO is one of the largest insurance groups in Europe and Germany. ERGO is Europe’s market leader in health and legal protection insurance, and 33 million clients in 25 countries place their trust in the services, competence and security it provides.
    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 Munich Re. The company assumes no liability to update these forward-looking statements or to make them conform to future events or developments.

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