Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
29 May 2017
Tue, May 9 2017
FRANKFURT German reinsurance giant Munich Re posted a 20 percent fall in first-quarter profit at its mainstay property and casualty business due to several big claims, sending its shares to the bottom of Germany's blue-chip index.
* Shares down 2 pct, at bottom of German blue-chips (Adds share price, analyst comment, further details)
FRANKFURT, May 9 German reinsurance giant Munich Re said on Tuesday that net profit rose to 557 million euros ($608 million) in the first quarter of this year, which it said kept it on track to meet its profit target for the full year.
JERUSALEM, May 3 U.S.-Israeli digital insurance company Next Insurance said on Wednesday it raised $29 million in an early funding found led by Munich Re/HSB Ventures.
FRANKFURT, April 28 Ergo, Munich Re's troubled primary insurance company, is making a digital push in the massive Chinese market.
MUNICH, April 26 A majority of shareholders rejected German reinsurance group Munich Re's management pay policy on Wednesday, following criticism of the remuneration system by shareholder adviser Institutional Shareholder Services (ISS).
* Says price decline in reinsurance hasn't yet stopped (Recasts, adds comments from incoming CEO)
MUNICH, April 26 German reinsurance giant Munich Re forecast on Wednesday that it was on track to reach its profit target for 2017 despite low interest rates and falling reinsurance prices.
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.
NEW YORK HSB Ventures Inc, the venture capital subsidiary of German reinsurer Munich Re, has led a $45 million investment in Trov, a U.S.-based technology startup that provides on-demand insurance.