Saturday, April 23, 2011

Munich Re (Münchener Rückversicherungs-Gesellschaft) Germany



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Munich Re Group (Munich Reinsurance Company, German: Münchener Rückversicherungs-Gesellschaft) 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 Xetraelectronic 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.
Type Aktiengesellschaft(FWB: MUV2)
Industry           Financial services
Founded          19 April 1880
Headquarters  Munich, Germany
Area served     Worldwide
Key people      Nikolaus von Bomhard (CEO and Chairman of the executive board), Hans-Jürgen Schinzler (Chairman of the supervisory board)
Products          Reinsurance, primary insurance,asset management
Website           munichre.com



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