Muenchener Rueckversicherungs Gesellschaft in Muenchen AG (MUVGn.DE) News|
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Muenchener Rueckversicherungs Gesellschaft in Muenchen AG (MUVGn.DE)

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24 Jun 2016
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Fri, Jun 24 2016

Munich Re mulls divestment of insurer Great Lakes Australia

FRANKFURT, June 15 Munich Re is planning to divest its primary insurer Great Lakes Australia as it seeks to focus on its reinsurance business in Australia and New Zealand, the company said on Wednesday.

UPDATE 2-Munich Re's insurance business cuts jobs, costs in bid to return to profit

* Services union says job cuts completely unacceptable (Adds trade union comment)

BRIEF-Munich Re's Ergo says can finance restructuring itself

June 1 Muenchener Rueckversicherungs Gesellschaft In Muenchen AG

Munich Re's insurance unit revamps, cuts jobs

DUESSELDORF, Germany June 1 Reinsurer Munich Re unveiled a sweeping restructuring at insurance unit Ergo on Wednesday, including cutting a net 13 percent of the unit's German workforce, in a bid to return the insurer to profit amid rock-bottom interest rates.

Munich Re to stick with dividend, share buybacks - CFO

FRANKFURT, May 10 Munich Re does not intend to cut back on its dividend or share buybacks, the German reinsurer's chief financial officer said on Tuesday, after the company trimmed its 2016 net profit forecast in view of a weak first quarter.

UPDATE 1-Munich Re trims 2016 forecast after weak Q1

* Hannover Re share seen up 1.5 pct (Adds quotes, detail, context, Hannover Re)

Munich Re trims 2016 forecast after weak Q1

FRANKFURT, May 10 German reinsurer Munich Re said it expected net profit this year to come in at 2.3 billion euros ($2.62 billion), the bottom of its previous guidance, following a weak first quarter.

UPDATE 1-Munich Re's CEO warns of drop in first-quarter profits

* Share price 4 percent lower, biggest Dax index decliner (Adds CEO and analyst quotes, context, shares)

BRIEF-BHS Tabletop says Deutsche Bank, Munich RE and WMF Group consider sale of BHS shares

* Deutsche Bank AG, Munich RE and WMF Group GmbH, which hold in total 82.72 pct of BHS Tabletop AG, review their strategic options, including sale of their shares Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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