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Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft

 
Hoover's Profile: Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
(German:MUV2)
Contact Information
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
Königinstrasse 107
D-80802 Munich, Germany
Tel. +49-89-38-91-0
Fax +49-89-38-91-98-88

Type: Public
On the web: http://www.munichre.com
Employees: 44,209
Employee growth: 14.4%

Some companies live with risk... Münchener Rückversicherungs-Gesellschaft (Munich Re), on the other hand, "thrives" on risk. Reinsurance coverage includes fire, life, motor, liability, and other types on both facultative (individual risks) and treaty (groups of risks) bases. The company controls ERGO Versicherungsgruppe, putting it second only to Allianz in Germany's direct insurance market. MEAG Munich ERGO provides asset management services. Through Munich Re America and other reinsurance and insurance subsidiaries, Munich Re enjoys greater access to the US market. As one of the world's largest reinsurers, the company operates in some 160 countries.

Key numbers for fiscal year ending December, 2008:
Sales: $65,016.0M
One year growth: (6.7%)
Net income: $2,153.7M
Income growth: (62.8%)

Officers:
Chairman, Supervisory Board: Hans-Jürgen Schinzler
Chairman, Board of Management: Nikolaus von Bomhard
Member Board of Management, Accounting, Controlling, Taxes, Legal and Investor Relations: Jörg Schneider

Competitors:
Allianz
Hannover Re
Swiss Re

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