Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
* Share down 1 pct vs flat blue chips (Adds CFO quotes, analyst, context, shares)
FRANKFURT, Feb 5 - Munich Re is unlikely to reach net profit of 3 billion euros ($3.4 billion) or more in 2015, given headwinds from low interest rates and declining reinsurance prices, its chief financial officer said on Thursday.
FRANKFURT - The human and economic cost of natural disasters such as hurricanes and earthquakes fell sharply worldwide last year, helped by improved early warning systems, the world's largest reinsurer Munich Re said on Wednesday.
FRANKFURT, Jan 7 - The human and economic cost of natural disasters such as hurricanes and earthquakes fell sharply worldwide last year, helped by improved early warning systems, the world's largest reinsurer Munich Re said on Wednesday.
(The following statement was released by the rating agency) LONDON, December 09 (Fitch) Fitch Ratings has affirmed Munich Reinsurance Company's (Munich Re) Insurer Financial Strength (IFS) rating and Long-term Issuer Default Rating (IDR) at 'AA-' with Stable Outlooks. Fitch has also affirmed the ratings of core entities within the Munich Re group. A full list of rating actions is at the end of this comment. KEY RATING DRIVERS The affirmation reflects Munich Re's strong and consistent earnin
FRANKFURT, Nov 6 - The highly competitive reinsurance market and falling reinsurance prices will make it tough for Munich Re to match this year's expected net profit of over 3 billion euros ($3.75 billion) in 2015, the company's finance chief said on Thursday.
* Market environment continues to be difficult, company says (Adds quote, context, detail)
FRANKFURT, Nov 6 - German reinsurer Munich Re said it expected to achieve net profit of slightly more than 3 billion euros ($3.76 billion) this year after just missing expectations for the third quarter with rise in net profit to 735 million euros.
DUESSELDORF, Oct 21 - DAS UK, the British legal-insurance arm of Munich Re, has suspended its chief executive officer Paul Asplin following an internal investigation and named Paul Timmins, the unit's chief operating officer, as acting CEO, the company said in a statement on its website on Tuesday.
* Overall, price pressure still looms for 2015 (Adds Hannover Re, quotes, context)
Earnings vs. Estimates
Analyst Research Reports
Münchener Rück - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Muenchener Rueckversicherungs Gesellschaft AG in Muenchen: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
MUVGn.DE - Event Transcript of Muenchener Rueckversicherungs Gesellschaft AG in Muenchen conference call, Feb. 05, 2015 / 3:30AM ET
Provider: Thomson Reuters StreetEvents
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