Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
27 Mar 2015
* Munich Re conveyed request to management of Forst Ebnath to bring about decision of company's shareholders' meeting to transfer shares of other shareholders to Munich Re as majority shareholder against payment of cash compensation Source text for Eikon: Further company coverage: (Gdynia Newsroom)
MUNICH - German reinsurer Munich Re will buy back up to 1 billion euros ($1.1 billion) of its own shares by late April next year, adding to efforts to return capital to shareholders that it cannot put to work in an insurance market where prices are under pressure.
* Sees net profit falling to 2.5-3 bln eur in 2015 (Adds executive, analyst comment, shares)
MUNICH, March 11 - German reinsurer Munich Re will buy back up to 1 billion euros ($1.1 billion) of its own shares by late April 2016, bolstering efforts to return capital to shareholders that it cannot put to work in an insurance market where prices are under pressure.
* 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.
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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.
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MUVGn.DE - Event Transcript of Muenchener Rueckversicherungs Gesellschaft AG in Muenchen conference call, Mar. 11, 2015 / 8:30AM ET
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