Nikolaus von Bomhard recommended as Chairman of the Supervisory Board of Munich Re

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18 October 2018 | Group

Media Information

Nikolaus von Bomhard recommended as Chairman of the Supervisory Board of Munich Re

  • Nikolaus von Bomhard and Karl-Heinz Streibich have been recommended by the Nomination Committee for election to the Supervisory Board.
  • If elected, Nikolaus von Bomhard is to take over the role as Chairman of the Supervisory Board.
  • Bernd Pischetsrieder and Henning Kagermann are leaving the Supervisory Board at the end of the Annual General Meeting 2019.

The Nomination Committee recommended to today’s meeting of the full Supervisory Board that Nikolaus von Bomhard (62) be nominated for election to the Supervisory Board at the Annual General Meeting 2019.

If elected by the Annual General Meeting, Nikolaus von Bomhard is also to be recommended to succeed Bernd Pischetsrieder as Chairman of the Supervisory Board. Nikolaus von Bomhard was a member of the Board of Management of Munich Re from January 2000 to April 2017, and took over as its Chairman in January 2004. As a universally acknowledged expert and industry professional, he has the comprehensive knowledge of the business that is so important for the work of the Supervisory Board. Since April 2018, von Bomhard has been the Chairman of the Supervisory Board of Deutsche Post DHL Group.

The Nomination Committee also recommended to the full Supervisory Board that Karl-Heinz Streibich (65) be nominated for appointment to the Supervisory Board. From October 2003 to August 2018, Streibich was Chairman of the Management Board of Software AG and is the President of acatech, the German Academy of Science and Engineering. He is a renowned expert on digitalisation.

Bernd Pischetsrieder and Henning Kagermann, who are not standing for re-election, will leave the Supervisory Board of Munich Re at the end of the Annual General Meeting 2019.

The resolution of the full Supervisory Board regarding the recommended nominations to the Annual General Meeting 2019 will probably be taken at the Supervisory Board meeting in March 2019.

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Munich Re

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

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 make them conform with future events or developments.

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