Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
|Market Cap (Mil.):||€27,826.47|
|Shares Outstanding (Mil.):||172.94|
(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)
BADEN-BADEN, Germany, Oct 20 - Munich Re sees no reason for reinsurance prices in its home market Germany to decline, it said on Monday, as it starts annual contract talks with insurance company clients for reinsurance cover in 2015.
FRANKFURT, Oct 19 - The world's largest reinsurer Munich Re expects it will be tough to maintain current profit levels in 2015 due to lower prices as a result of increasing competition, according to a newspaper report.
* Works to expand geographical markets and products (Adds executive comment, detail)
MONACO, Sept 14 - Munich Re expects competitors to put up a tough fight for business in coming months as reinsurers jostle over market share in renewing annual contracts with insurance company clients, it said on Sunday.
Earnings vs. Estimates
Analyst Research Reports
Münchener Rück - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
Provider: Finlabo SIM Spa
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
Provider: Sadif Analytics Prime
MUVGn.DE - Event Transcript of Muenchener Rueckversicherungs Gesellschaft AG in Muenchen conference call, Nov. 06, 2014 / 8:30AM ET
Provider: Thomson Reuters StreetEvents
Provider: Sadif Analytics Prime
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