Change to the Supervisory Board at Munich Re

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16 January 2017 | Group

Press release

Change to the Supervisory Board at Munich Re

Renata Jungo Brüngger (55) has been appointed to the Supervisory Board of Munich Re with effect from 3 January 2017. The Amtsgericht (Local Court) in Munich appointed Jungo Brüngger as the successor to Wolfgang Mayrhuber, who resigned his seat on the Supervisory Board on 31 December 2016.

Mayrhuber (69) had been a member of the Supervisory Board since December 2002.

The Court appointed Jungo Brüngger to the Supervisory Board by an order dated 3 January 2017. The Supervisory Board intends to recommend to the Annual General Meeting on 26 April 2017 that Jungo Brüngger should be elected to the Supervisory Board for the remainder of Mayerhuber’s period in office.

The Swiss lawyer has been a member of the Board of Management of Daimler AG since 1 January 2016, with responsibility for Integrity and Legal Affairs. Jungo Brüngger is an expert in international commercial law. She has more than 25 years of experience and outstanding expertise as a lawyer in various international companies.

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Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2015, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.1bn on premium income of over €50bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the ERGO Insurance Group, one of the leading insurance groups in Germany and Europe. ERGO is represented in over 30 countries worldwide and offers a comprehensive range of insurances, provision products and services. In 2015, ERGO posted premium income of €17.9bn. In international healthcare business, Munich Re pools its insurance and reinsurance operations, as well as related services, under the Munich Health brand. Munich Re’s global investments (excluding insurance-related investments) amounting to €215bn are managed by MEAG, which also makes its competence available to private and institutional investors outside the Group.


Disclaimer
This press release 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.


Munich, 16 January 2017


Münchener Rückversicherungs-Gesellschaft
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