Munich Re Group ( German: Münchener Rückversicherungs-Gesellschaft ) is a German reinsurance company , one of the leaders in the global insurance market and a leader in the global reinsurance market at the beginning of the 21st century. Headquarters - in Munich .
| Münchener ruck Munich Re AG | |
|---|---|
 | |
| Type of | Public company |
| Exchange listing | FWB : MUVGN |
| Base | 1880 |
| Founders | and |
| Location |  Munich ( Germany ) |
| Industry | Reinsurance |
| Turnover | ▲ € 52.0 billion (2012) |
| Operating profit | ▲ € 5,350 million (2012) |
| Net profit | ▲ € 3,211 million (2012) |
| Assets | $ 323.9 billion (2015) [1] |
| Number of employees |
|
| Affiliated companies | , and |
| Site | www.munichre.com |
Content
History
The company was founded in 1880 by Carl von Thieme , who was also the founder of the insurance company Allianz . The prompt and complete settlement of claims after the San Francisco earthquake of 1906 gave impetus to the company's rapid growth.
Owners and management
As of December 31, 2012, Munich Re's market capitalization exceeded € 24 billion, with institutional investors ( Berkshire Hathaway (11.2%) and BlackRock (6.2%)) as the main shareholders.
Activities
The company has over 5 thousand customers - insurance companies in 160 countries. In addition to reinsurance, Munich Re Group also deals with direct (primary) insurance through the ERGO group. Since 1999, the group has been involved in asset management through MEAG (MUNICH ERGO AssetManagement GmbH). In 2012, Munich Re Group collected 52.0 billion euros of insurance and reinsurance premiums and received 3.2 billion euros of net profit [2] .
Munich Re in Russia
The company’s representative office in Russia was opened on April 19, 1991. The leader is Dr. Peter Muller [3] .
At the end of 2006, the life reinsurance company “Munich Reinsurance Society East Europe / Central Asia Life Reinsurance” (Munich Re Life EECA), which became the first life reinsurance company in the Russian insurance market [4] , quickly gained a leading position in Russia. [5] , but closed in the summer of 2011, giving way to SCOR in this segment [6] .
Notes
- ↑ The World's Biggest Public Companies List - Forbes
- ↑ 2012 Annual Report Archived on September 7, 2013.
- ↑ Muller Peter - biography, photo, media references
- ↑ Grigoryeva, Elena. Munich Re is better than Russia . “ RBC daily ” (December 7, 2006). - Her Russian “daughter” received a rating higher than the country one. Date of treatment May 20, 2014.
- ↑ Rozhkov, Alexey. Chief of life reinsurance . Vedomosti (October 17, 2006). - "Daughter" Munich Re estimates its market share in excess of 50%. Date of treatment May 20, 2014.
- ↑ SCOR - with faith in "life" . Insurance today (December 7, 2006). - Interview with Gilles Meyer, CEO of SCOR Global Life SE, member of the board of SCOR. Date of treatment September 9, 2013.