Muenchener Rueckversicherungs Gesellschaft in Muenchen AG (MUVGn.DE)
24 Jun 2016
Fri, Jun 24 2016
June 24 Munich Re Chief Economist Michael Menhart:
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.
* Services union says job cuts completely unacceptable (Adds trade union comment)
June 1 Muenchener Rueckversicherungs Gesellschaft In Muenchen AG
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.
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.
* Hannover Re share seen up 1.5 pct (Adds quotes, detail, context, Hannover Re)
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.
* Share price 4 percent lower, biggest Dax index decliner (Adds CEO and analyst quotes, context, 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)