FRANKFURT, March 12 Munich Re's chief
executive urged caution on prospects for further dividend
increases and share buybacks, while also not ruling them out.
"Our environment is not easy - I've already mentioned low
interest rates - and that's why we tend to be cautious over our
capital position even as all sorts of dreams have been awakened
not only about dividends but also a buyback of shares," Chief
Executive Nikolaus von Bomhard told a news conference.
The world's biggest reinsurer raised its dividend to 7 euros
per share for 2012, exceeding consensus for 6.76 euros.
Continuity in the dividend was important and it would take
an extreme event to prompt the reinsurer to lower it, von
(Reporting by Jonathan Gould; Editing by Maria Sheahan)