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Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)

MUVGn.DE on Xetra

24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Munich Re CFO says has no doubt can maintain high dividends
Wednesday, 15 Mar 2017 07:05am EDT 

Munich Re : CEO says believes that the reinsurance market will reach the trough soon . Board member says gave up around 450 million euros of business in China in January renewals, mostly due to thin margins . unit Ergo's CEO says no run-down in further markets in life insurance planned, but rather concentration on less risky products . CFO says have no doubt that we can maintain high dividends . Board member says will grow at least in line with market in cyber insurance Further company coverage: [MUVGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Munich Re says aiming for profit of 2-2.4 bln eur in 2017
Wednesday, 15 Mar 2017 01:49am EDT 

Munich Re : Says aiming for profit of 2-2.4 billion eur in 2017 . Says expecting reinsurance profit of 1.8-2.2 billion eur in 2017, profit at ergo of 150-200 million . Says expects impact from major losses of around 2 billion in 2017 . Says damages from natural disasters were 929 million eur in 2016 Further company coverage: [MUVGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Munich Re to decide on possible share buyback in March - CFO
Tuesday, 7 Feb 2017 04:23am EST 

Munich Re CFO : Says currently don't have bigger M&A deals in pipeline . Says is confident of increasing foreign exposure of Ergo, including through acquisitions . Says has no reason to assume that we will exceed the year-earlier result of 2.6 billion eur in 2017 . Says there is room for a further share buyback, decision to be made in March . Says acquisition would not affect dividend, would more likely affect buyback . Says is in a good place with solvency ratio of 260 percent, but it could be a little lower Further company coverage: [MUVGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Insurance australia Group extends quota share agreement with Munich Re
Thursday, 6 Oct 2016 05:37pm EDT 

Insurance Australia Group Ltd : Extended quota share agreement with Munich Re that covers 30% of IAG's compulsory third party (ctp) business. . New agreement is for a minimum four-year period from 1 july 2016, with an option for a further two years .IAG extends CTP quota share agreement.  Full Article

Munich Re says doubling H1 earnings not overly confident in FY
Tuesday, 9 Aug 2016 04:32am EDT 

Munich RE : Board member says potential for release of provisions for claims in 2016 around 6 percent, in following yrs 4 percent . CEO says doubling of H1 earnings in FY not overly confident, but we are cautious . CEO says next year will certainly not be easier . Says storms in germany cost 49 million eur in primary insurance, 25 million in reinsurance Further company coverage: [MUVGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1272;)).  Full Article

Munich Re's Ergo says can finance restructuring itself
Wednesday, 1 Jun 2016 10:49am EDT 

Muenchener Rueckversicherungs Gesellschaft In Muenchen AG : Cfo says potential sale of ergo life back book is not on the agenda . Munich re's ergo says is talking to unions to achieve consensus on job cuts, does not see revamp being jeopardised Further company coverage: [MUVGn.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1272;)).  Full Article

Munich Re Group resolves share buy-back
Wednesday, 16 Mar 2016 02:37am EDT 

Munich Re Group AG:To buy back up to 1 billion euros of its own shares by late April 2017, part of its effort to return capital to shareholders that it cannot put to work in an insurance market where prices are under pressure.Buyback would amount to 5.4 million shares, or 3.2 percent of capital, based on the current price.  Full Article

Munich Re Group to propose FY 2015 dividend
Wednesday, 3 Feb 2016 07:00pm EST 

Munich Re Group AG:Subject to approval by Supervisory Board and Annual General Meeting, the dividend will rise to 8.25 euros per share for FY 2015.  Full Article

Munich Re Group AG, Metabiota enter cooperation in epidemics risk analysis
Monday, 1 Feb 2016 04:00am EST 

Munich Re Group AG:Cooperation between Munich Re and Metabiota will push risk transfer solutions for epidemic risks.Munich Re has entered into long term cooperation agreement with Metabiota, San Francisco-based company that has pioneered use of real-time data collection and comprehensive risk analytics for epidemics.  Full Article

Munich Re Group AG raises FY 2015 outlook
Thursday, 6 Aug 2015 01:30am EDT 

Munich Re Group AG:Expects 2015 net profit of at least 3 billion euros vs previous forecast of 2.5 billion - 3 billion euros.FY 2015 net income 2,813 million euros - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

Investors should vote 'No' to Munich Re's boardroom pay plan -ISS

FRANKFURT, April 24 Shareholders should vote against Munich Re's pay policy for its management board at the German reinsurer's annual meeting on Wednesday, shareholder adviser Institutional Shareholder Services (ISS) said.