About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft engages in the insurance and reinsurance businesses worldwide. Segments The company operates through six segments: Life Reinsurance (global life reinsurance business), Property-Casualty Reinsurance (global property- casualty reinsurance business), ERGO Life and Health Germany (German life and health primary insurance business, German property- casualty direct insurance business, and global travel insurance business), ERGO Property-Casualty Germany (German property casualty insurance business, excluding direct business), ERGO International (ERGO primary insurance business outside Germany), and Munich Health (global health reinsurance business and health primary insurance business outside Germany). The company offers a range of products, from traditional reinsurance to solutions for risk assumption. The reinsurance group also includes specialty primary insurers, whose business requires special competence in finding appropriate solutions. Reinsurance In reinsurance, the company operates in life and property-casualty business. Under reinsurance, the company also includes specialized primary insurance activities that are handled by the reinsurance organization and business from managing general agencies (MGAs). Munich Re does business with approximately 4,000 corporate clients from approximately 160 countries. As reinsurers, the company writes its business in direct collaboration with primary insurers, but also through brokers and strategic partnerships. In addition to traditional reinsurance business, the company participates in insurance pools, public-private partnerships, business in specialist niche segments, and also as a primary insurer. Through its operating field Risk Solutions, the company offers its clients in industrial and major-project business a range of specialized products, customized insurance solutions and services, which the company manages from within its reinsurance organization. The company’s international life business is written in the Life Division. This is split into three geographical regions and one international unit responsible for global activities in the area of risk and capital management. The focus of the division’s business activities is on traditional reinsurance solutions that concentrate on the transfer of mortality risk. Moreover, the company has been active in the market for living benefits products. These include products, such as occupational disability, long-term care, and critical illness. The company also offers capacity for longevity risks. The company offers this in the United Kingdom. The company offers its clients a range of services, from medical expertise to automated risk assessment processes. In addition, the company continuously expands its tailor-made structured concepts for clients seeking to optimize their capitalization, liquidity or other primary performance indicators. The company provides its clients with advice on product design while offering hedging for embedded options and guarantees linked to the capital markets. Its own exposure is transferred back to the capital markets. The company writes the main portion of its business through its Canadian branch and the company’s subsidiary in the USA. The company services the European markets from its operations in Germany, the United Kingdom, Spain and Italy. At the same time, the company has a local presence in Australia and South Africa, and in all primary growth markets in Asia and Latin America. From 2017, the reinsurance units of Munich Health were merged with the Life Division. Global Clients and North America handles the company’s accounts with major international insurance groups, globally operating Lloyd’s syndicates and Bermuda companies. It also pools the company’s know-how in the North American market and is responsible for the company’s property-casualty subsidiaries in this region, and for international special lines business, such as workers’ compensation. The three major U.S.-based subsidiaries are Munich Reinsurance America, Inc. (Munich Re, US); The Hartford Steam Boiler Inspection and Insurance Company (HSB); and American Modern Insurance Group, Inc. (American Modern). Munich Re, US writes property-casualty reinsurance business and niche primary insurance business. The division’s reinsurance portfolio is complemented by the primary insurers HSB and American Modern, which specialize in the U.S. primary insurance products for which understanding of the exposure and client proximity are paramount. The company’s Europe and Latin America Division is responsible for property-casualty business with its clients from Europe (except Germany), Latin America and the Caribbean. The company has branches in London, Madrid, Paris and Milan. The company’s Brazilian subsidiary is Munich Re do Brasil Resseguradora S.A. Germany, the Asia Pacific and Africa Division conduct property-casualty business with the company’s clients in Germany, Africa, Asia, Australia, New Zealand and the Pacific Islands. With offices in Australia and New Zealand, Munich Holdings of Australasia Pty. Ltd. ensures that the company is on hand for its clients in the region. The Special and Financial Risks Division is in charge of the classes of credit, marine, aviation and space, agriculture, enterprise, and other selected contingency risks. The Corporate Insurance Partner unit, which is dedicated to industrial clients and is part of Risk Solutions, also belongs to this division. In 2015, the company pooled the Risk Trading Unit, which offers alternative capital market solutions and retrocession (its own reinsurance), and other product experts in a new unit called Capital Partners. Structured prospective and retrospective reinsurance solutions have thus been added, so that the company could offer its clients all the tools needed for dealing with complex issues from a single source. ERGO The company’s second pillar is primary insurance business. ERGO Insurance Group was given a new organizational structure in 2016. German, international, and direct and digital business are bundled in three separate units under the umbrella of the newly named ERGO Group AG. In addition to the existing ERGO International AG, two new holding companies were founded in 2016, such as traditional German business would be concentrated in ERGO Deutschland AG. The third pillar, ERGO Digital Ventures AG, would be responsible for the company’s digital and direct activities, including ERGO Direkt business. Responsibility for the new ERGO Mobility Solutions unit would lie with ERGO Digital Ventures from 2017, given the significance of automotive financial services. Through ERGO, the company offers products in all the main classes of insurance, such as life insurance, German health insurance, and in all lines of property-casualty insurance, as well as travel insurance and legal protection insurance. With these products – in combination with the provision of assistance, other services and individual consultancy – the company covers the needs of private and corporate clients. ERGO serves approximately 35 million (mainly private) clients in approximately 30 countries, with the focus on Europe and Asia. With ERGO Lebensversicherung AG and ERGO Versicherung AG, the company’s primary insurance arm is one of Germany’s major providers of life and property insurance. ERGO Versicherung AG also markets legal protection insurance under the D.A.S. brand. As a specialist for unit-linked life insurance, VORSORGE Lebensversicherung supports the restructuring of private provision products in the low-interest- rate environment. DKV Deutsche Krankenversicherung is a major provider and specialist in the healthcare market, catering for privately and statutorily insured individuals alike with its range of supplementary covers. The specialist travel insurer ERV is an established carrier and a market leader internationally, as well as in Germany. ERGO’s own sales company, ERGO Beratung und Vertrieb AG, bundles the various sales channels – from tied intermediaries and brokers to banks and other co-operation partners. In Europe and Asia, ERGO is represented by life and property insurers under the ERGO brand and legal protection insurers under the D.A.S. brand. Of ERGO’s European companies, those in Austria, Poland, the Baltic states and Greece have a market presence. With its ERGO Industrial Division, ERGO Versicherung AG services corporate clients in industrial insurance from its branches in Austria, the Netherlands, the United Kingdom, Switzerland and France. ERGO is participating in the development of the Asian growth region through joint ventures in India and China, and acquisitions and investments in other countries. In the Indian life insurance market, the company is a joint venture partner in Avantha ERGO. In China, ERGO China Life – a joint venture with the state- owned financial investor SSAIH – is tapping into the potential of the major province of Shandong. In Vietnam, the company’s primary insurance arm has an interest in the property insurer GIC. The health primary insurance business managed by Munich Health was transferred to ERGO International. Munich Health The company has pooled its health business in the Munich Health field of business. A spectrum of service providers and risk carriers in primary insurance and reinsurance worldwide (though not in Germany) had attended to customers in services and the insurance sector. In 2016, Munich Health had been working on further business expansion in the Asia-Pacific region through service-oriented reinsurance solutions focusing on Southeast Asia and China. The company continued to improve its reinsurance business in the Middle East and Gulf region. History Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft was founded in 2008.

Country
Industry:
Life insurance
Founded:
1880
IPO Date:
01/02/1992
ISIN Number:
I_DE0008430026
Address:
Königinstr. 107, Munich, Bavaria, 80802, Germany
Phone Number
49 89 38 91 0

Key Executives

CEO:
Wenning, Joachim
CFO
Jurecka, Christoph
COO:
Lee, Soobum