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.
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 | Assicurazioni Generali SpA | Zurich Insurance Group Ltd | Swiss Re Ltd |
---|---|---|---|---|---|
Headquarters | Germany | France | Italy | Switzerland | Switzerland |
City | Muenchen | Paris | Trieste | Zuerich | Zuerich |
State/Province | Bayern | Ile-de-France | Friuli-Venezia Giulia | Zurich | - |
No. of Employees | 42,812 | 90,443 | 82,000 | 60,000 | 15,042 |
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 |
Rene Muck | Head - Capital Partners, Americas | Senior Management | 2020 | - |
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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