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Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)

MUVGn.DE on Xetra

174.15EUR
29 May 2017
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Tue, May 9 2017

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Big claims dent Munich Re's core business profit, shares fall

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.

UPDATE 2-Big claims dent Munich Re's core business profit, shares fall

* Shares down 2 pct, at bottom of German blue-chips (Adds share price, analyst comment, further details)

Munich Re affirms profit outlook after Q1 profit rise

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.

Startup Next Insurance raises $29 mln in Munich Re-led funding

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.

Munich Re's troubled Ergo explores digital push in China

FRANKFURT, April 28 Ergo, Munich Re's troubled primary insurance company, is making a digital push in the massive Chinese market.

Munich Re shareholders reject management pay system at AGM

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).

UPDATE 1-New Munich Re CEO voices support for troubled Ergo unit

* Says price decline in reinsurance hasn't yet stopped (Recasts, adds comments from incoming CEO)

Munich Re says on track to meet 2017 target despite headwinds

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.

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.

Munich Re leads $45 million investment in 'insurtech' startup Trov

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.

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