Munich Re

German reinsurance company

Trade nameMunich Re
TypeAktiengesellschaft
Traded asFWB: MUV2\\ DAX Component
IndustryFinancial services
Founded3 April 1880; (1880-04-03)
HeadquartersMunich, Germany
Area servedWorldwide
ProductsReinsurance, insurance, asset management
Websitewww.munichre.com
  • Munich Re Group or Munich Reinsurance Company (German: Münchener Rück; Münchener Rückversicherungs-Gesellschaft) is a German multinational insurance 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.

Structure

Reinsurance

  • Munich Re has clients (insurance companies) worldwide.
  • It assures part of the risk covered by these insurance companies, as well as providing comprehensive advice on insurance business.
  • In addition to its Munich head office, Munich Re has more than 50 Business Units around the world.
  • Munich Re provides reinsurance cover for life, health, casualty, transport, aviation, space, fire and engineering business.

Primary insurance – ERGO Group

Munich Re's primary insurance operations are mainly concentrated in the ERGO Insurance Group. ERGO writes all types of life and health insurance and most types of property and casualty insurance. Members of the ERGO Group include the insurance subsidiaries D. A. S. , DKV and Europäische Reiseversicherung AG, and the IT service provider ITERGO. ERGO is one of the largest primary insurers in Germany and Europe.

Asset management

  • Founded in 1999, MEAG MUNICH ERGO AssetManagement GmbH manages the assets of Munich Re, ERGO, and external clients.
  • Their purpose is to manage and increase investments of Munich Re and ERGO and third parties.

Subsidiaries

Munich Reinsurance America American Modern Insurance Group Hartford Steam Boiler Inspection and Insurance Company Munich Reinsurance Trading LLC

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