Edition:
United Kingdom

Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)

MUVGn.DE on Xetra

221.50EUR
18 Apr 2019
Change (% chg)

€1.60 (+0.73%)
Prev Close
€219.90
Open
€220.40
Day's High
€222.00
Day's Low
€219.40
Volume
701,586
Avg. Vol
545,056
52-wk High
€222.00
52-wk Low
€174.85

Latest Key Developments (Source: Significant Developments)

Germany's BaFin Signs Post-Brexit Agreement With UK Regulator
Thursday, 18 Apr 2019 

April 18 (Reuters) - Germany's financial watchdog Bafin: :IN PREPARATION FOR BREXIT, BAFIN CONCLUDED AN AGREEMENT ON 15 APRIL 2019 WITH THE PRUDENTIAL REGULATION AUTHORITY (PRA) IN THE UK.AGREEMENT ENSURES THAT, AFTER BREXIT, FINANCIAL SUPERVISION AND MARKET CONDUCT SUPERVISION OVER THOSE COMPANIES THAT NO LONGER WRITE NEW BUSINESS IN THE HOST COUNTRY WILL CONTINUE TO BE SHARED.BAFIN CHIEF EXECUTIVE DIRECTOR SAYS THE POSITION OF POLICYHOLDERS SHOULD NOT BE WORSENED BY BREXIT.BAFIN CHIEF EXECUTIVE DIRECTOR SAYS AGREEMENT BETWEEN BAFIN AND THE PRA ENSURES THAT WE WILL BE ABLE TO COOPERATE WITH THE UK AUTHORITIES JUST AS WE DID BEFORE.  Full Article

Munich Re's Ergo: Agreement To Sell Further Assets To Generali
Thursday, 11 Apr 2019 

April 11 (Reuters) - Munich Re's ERGO unit ::ERGO INTERNATIONAL AG HAS SIGNED AN AGREEMENT TO SELL THE INSURANCE PORTFOLIOS OF THREE MORE GROUP ENTITIES TO GENERALI GROUP.SALE IS FOR ITS LIFE, NON-LIFE AND COMPOSITE PORTFOLIOS IN HUNGARY AND SLOVAKIA.SALE IS SUBJECT TO CERTAIN REGULATORY AND ANTI-TRUST APPROVALS.PARTIES HAVE AGREED NOT TO PROVIDE DETAILS OF THE PURCHASE PRICE AND OTHER TERMS.  Full Article

Disasters Cost Insurers $79 Bln In 2018 - Swiss Re Estimates
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Swiss Re AG ::TOTAL ECONOMIC LOSSES FROM NATURAL AND MAN-MADE DISASTERS IN 2018 ESTIMATED AT $155 BILLION, DOWN FROM $350 BILLION IN 2017 - SWISS RE.GLOBAL INSURED LOSSES FROM CATASTROPHES IN 2018 ESTIMATED AT $79 BILLION, FOURTH HIGHEST ON SIGMA RECORDS - SWISS RE.SWISS RE SAYS DISASTER EVENTS CLAIMED MORE THAN 11,000 VICTIMS IN 2018.  Full Article

Munich Re - Will Reach Profit Of 2.1 To 2.5 Billion Euros In 2018
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Muenchener Rueckversicherungs Gesellschaft AG in Muenchen ::WE WILL REACH A PROFIT OF 2.1 TO 2.5 BILLION EUROS IN 2018.COSTS FROM WILDFIRES IN CALIFORNIA WILL BE IN LOW TO MID TRIPLE-DIGIT MILLION RANGE.  Full Article

Munich Re's Ergo Downsizes Management Board To Five Members
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Munich Re's Ergo::SAYS DOWNSIZES BOARD OF MANAGEMENT CLEMENS MUTH APPOINTED AS NEW CHIEF UNDERWRITING OFFICER.SAYS ERGO GROUP AG SAYS DOWNSIZES BOARD OF MANAGEMENT, CLEMENS MUTH APPOINTED AS NEW CHIEF UNDERWRITING OFFICER.SAYS IN FUTURE, THE BOARD OF MANAGEMENT WILL COMPRISE ONLY FIVE MEMBERS.SAYS MONIKA SEBOLD-BENDER IS LEAVING THE BOARD OF MANAGEMENT OF ERGO GROUP AG BY MUTUAL AGREEMENT ON 31 DECEMBER 2018.  Full Article

Munich Re Says Expects Flattish Prices In Renewal Round
Sunday, 9 Sep 2018 

Sept 9 (Reuters) - Muenchener Rueckversicherungs (Munich Re) ::BOARD MEMBER JEWORREK SAYS EXPECTING "FLATTISH" PRICES AROUND THE WORLD IN RENEWAL ROUND, CAN KEEP THE PROFITABILITY WE HAVE IN 2018.CHIEF UNDERWRITER GOLLING SAYS HAVE GROWN OUR CYBER INSURANCE PORTFOLIO TO MORE THAN $400 MILLION IN 2018.  Full Article

AIG To Acquire UK Group Life Specialist Ellipse From Munich Re
Wednesday, 20 Jun 2018 

June 20 (Reuters) - American International Group Inc ::AIG TO ACQUIRE UK GROUP LIFE SPECIALIST ELLIPSE FROM MUNICH RE.AIG SAYS TERMS OF TRANSACTION WERE NOT DISCLOSED.AIG SAYS TRANSACTION WILL BE FULLY FUNDED WITH CASH.  Full Article

Munich Re To Carry Out First Tranche Of Share Buyback Authorized By AGM On 25 April
Thursday, 7 Jun 2018 

June 7 (Reuters) - MUENCHENER RUECKVERSICHERUNGS GESELLSCHAFT AG ::AVAILING ITSELF OF AUTHORISATION TO BUY BACK SHARES GRANTED BY ANNUAL GENERAL MEETING ON 25 APRIL 2018.BUY-BACK FOR A MAXIMUM TOTAL PURCHASE PRICE OF EUR 1 BILLION SHALL BE CARRIED OUT IN SEVERAL TRANCHES.FIRST TRANCHE WITH MAXIMUM TOTAL PURCHASE PRICE OF UP TO EUR 360,000,000 TO BE CARRIED OUT BETWEEN 8 JUNE 2018 AND 6 SEPT.  Full Article

Ergo, Union Verdi Reach AGreement Over Strategy Programme
Wednesday, 16 May 2018 

May 16 (Reuters) - Munich Re unit Ergo::SAYS REACHES AGREEMENT WITH LABOUR UNION VERDI OVER ERGO STRATEGY PROGRAMME.SAYS AGREES NOT TO PUSH THROUGH FORCED LAYOFFS, TO GUARANTEE SITES AND ENSURE SAME CONDITIONS FOR OUTSOURCED WORKERS.  Full Article

Munich Re CFO Says Confident That 2018 Profit Will Be At The Upper End Of Target
Tuesday, 8 May 2018 

May 8 (Reuters) - Muenchener Rueckversicherungs Gesellschaft AG in Muenchen ::CFO SAYS CONFIDENT THAT 2018 PROFIT WILL BE AT THE UPPER END OF TARGET.  Full Article

Photo

Ethiopian crash could be largest non-war aviation reinsurance claim: Willis Re

LONDON Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers' profitability, reinsurance broker Willis Re said.