News: Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
Mon, Dec 9 2013
Dec 9 - Admiral Group Plc : * Extension of underwriting arrangements for UK car insurance * Has extended its underwriting arrangements with Munich Re for its UK car insurance business * Source text for Eikon: * For more news, please click here
Nov 22 - : * Munich Re : RBC raises target price to 160 euros from 142 euros;
Barclays downgrades Hiscox and Lancashire to "underweight". saying they offer little scope for further rerating, and cuts Munich Re to "equal weight" from "overweight" on valuation grounds and due to lack of catalysts.
* Munich Re to buy back shares worth 3.6 pct of market cap
FRANKFURT - German reinsurer Munich Re unveiled plans to buy back up to 1 billion euros ($1.35 billion) of its own shares in the coming months, hoping to cheer investors after a fall in third-quarter earnings.
* Q3 net profit 637 mln euros, down 44 pct, vs poll 611 mln
FRANKFURT, Nov 7 - German reinsurer Munich Re said on Thursday it would buy back up to 1 billion euros ($1.35 billion) of its own shares in the coming months, hoping to cheer investors after a fall in third quarter earnings.
* RSA is first insurer to quantify losses from "Christian"
BADEN-BADEN, Germany, Oct 21 - Munich Re expects to hold prices steady on its portfolio of contracts with insurers when they are renewed on Jan. 1, Europe's biggest reinsurer said on Monday.
ZURICH, Sept 23 - Swiss Re said on Monday that July hail storms in northern and southern Germany could cost the company around $240 million to settle claims.