Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) - Company Profile
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Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) is a provider of multi-line reinsurance products. The company offers reinsurance products for life, health, property, aviation, cyber risks, financial lines, financial risks, agriculture, capital markets, space, and workers’ compensation. Munich Re also offers primary insurance products to individuals and businesses through ERGO Group AG under the brands, including ERGO, D.A.S, DKV, American Modern, Nexible, and ERGO Direkt. It offers risk solutions, underwriting, and claims management services. The company offers asset management services through MEAG MUNICH ERGO Asset Management GmbH. Munich Rewrites its reinsurance business through brokers, strategic partnerships, and collaboration with primary insurance companies. It has a presence in Europe, the Americas, the Asia Pacific, Africa, and the Middle East. The company is headquartered in Munich, Germany.
Headquarters
Germany
Address
Koeniginstr. 107, Muenchen, Bayern, 80802
Website
www.munichre.com
Telephone
49 89 38910
No of Employees
42,812
Industry
Financial Services
Ticker Symbol & Exchange
MUV2 (ETR)
Revenue (2022)
$63.8B
4.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-13.3%
(2022 vs 2021)
Market Cap*
$60.0B
Net Profit Margin (2022)
XYZ
-16.8%
(2022 vs 2021)
* As of and is in US$
Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Property and Casualty Reinsurance | Asset Management: | Munich RE |
| Occupational Disability Reinsurance | Direct Investment in Securities | ERGO |
| Cyber Risks Reinsurance | Claims Handling Solutions | American Modern |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In October, the company and DWS Alternatives Global Limited announced its plans to acquire WELtec Holding. |
| 2023 | Contracts/Agreements | In September, the company along with Definity entered into a partnership with The Floow to bring a new, innovative, usage-based auto insurance product to Canada. |
| 2023 | Contracts/Agreements | In August, the company was selected by PIXON as their official warranty partner for solar modules. |
Competitor Comparison
| Key Parameters | Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) | AXA SA | Zurich Insurance Group Ltd | Assicurazioni Generali SpA | Swiss Re Ltd |
|---|---|---|---|---|---|
| Headquarters | Germany | France | Switzerland | Italy | Switzerland |
| City | Muenchen | Paris | Zuerich | Trieste | Zuerich |
| State/Province | Bayern | Ile-de-France | Zurich | Friuli-Venezia Giulia | - |
| No. of Employees | 42,812 | 94,705 | 59,593 | 81,879 | 14,719 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Joachim Wenning | Chief Executive Officer | Senior Management | 2017 | 58 |
| Christoph Jurecka | Chief Financial Officer | Senior Management | 2019 | 49 |
| Nicholas Gartside | Chief Investment Officer | Senior Management | 2019 | 48 |
| Nikolaus Von Bomhard | Chairman | Non Executive Board | 2019 | 67 |
| Scott Hawkins | Managing Director - Australasia | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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