Munich Re

Munich Re

Company
 
Company
 Less

Munich Re

to get instant updates about 'Munich Re' on your MyPage. Meet other similar minded people. Its Free!

X 

All Updates


Description:
Munich Re Group (Munich Reinsurance Company, ) is a reinsurance company based in Munich, Germany. It is one of the world’s leading reinsurers. ERGO, a Munich Re subsidiary, is the Group’s primary insurance arm.

Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.

In 2010 the company's equity amounted to €23.0 billion. The group’s premium income for the year (gross premiums written) was €45.5 billion, with its consolidated profit amounting to €2.430 billion.

In February 2010, U.S. investor Warren Buffett became Munich Re's largest single shareholder with 10.2 percent of the company.

History



In 1880, Carl von Thieme, a native of Erfurt, whose father was the director of Thuringia, founded Münchener Rückversicherungs-Gesellschaft together with Wilhelm von Finck (co-owner of the Merck Finck & Co bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck served as Chairman of the supervisory board until 1924. Munich Re became renowned after the San Francisco Earthquake of 1906 as the only insurer that remained solvent after paying out all the claims.

Structure

Besides its reinsurance business, the Munich Re Group also...
Read More

No feeds found

All
Posting your question. Please wait!...


About

Company
No messages found
Suggested Pages
Tell your friends >
about this page
 Create a new Page
for companies, colleges, celebrities or anything you like.Get updates on MyPage.
Create a new Page
 Find your friends
  Find friends on MyPage from