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Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)

MUVGn.DE on Xetra

176.40EUR
11:35am EDT
Change (% chg)

€-1.40 (-0.79%)
Prev Close
€177.80
Open
€177.35
Day's High
€177.35
Day's Low
€175.70
Volume
596,247
Avg. Vol
554,103
52-wk High
€189.40
52-wk Low
€157.05

Latest Key Developments (Source: Significant Developments)

Munich Re CEO says too early to give a profit forecast for 2018
Wednesday, 9 Aug 2017 05:17am EDT 

Aug 9 (Reuters) - Munich Re MUVGN.DE:CEO says too early to provide a profit forecast for 2018.CEO says "ambition" is to stabilise profit and gradually increase profit, when asked about 2018 outlook.CFO says Solvency II ratio at end of first half of 2017 was 261 percent, despite dividend payments and currency losses.CEO says not very likely to seek acquisition of a broad reinsurer.CEO says any possible acquisition targets are relatively expensive, not under pressure to acquire.Board member declines to provide Grenfell Tower fire cost estimate but says costs containable for a company like Munich Re.  Full Article

Jardine Lloyd Thompson says it is broker for Grenfell Tower building
Thursday, 15 Jun 2017 05:24am EDT 

June 15 (Reuters) - Jardine Lloyd Thompson Group Plc ::Jardine Lloyd Thompson says it is broker for Grenfell Tower Building.  Full Article

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

Fitch: Major European Reinsurers Maintain Underwriting Profitability despite Pressures

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: European Reinsurance 1H17 Results Dashboard https://www.fitchratings.com/site/re/902472 LONDON, August 17 (Fitch) Fitch Ratings says in a new report that all four of the major European reinsurers reported lower-than-expected large loss experience in 1H17, which helped them to maintain underwriting profitability. However, on a normalised basis, adjusting for variances from budgeted totals for major losses a