Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
16 Feb 2018
Wed, Feb 7 2018
FRANKFURT Munich Re is planning a job cuts at its headquarters and in the United States, according to an interview with the chief executive published on the company's intranet.
FRANKFURT, Feb 7 Munich Re is planning a job cuts at its headquarters and in the United States, according to an interview with the chief executive published on the company's intranet.
FRANKFURT Munich Re's fourth-quarter earnings and 2018 guidance fell short of analyst expectations on Tuesday and underscored a sluggish turnaround in reinsurance prices.
* Sees 2018 profit of 2.0-2.4 bln euros vs poll 2.6 blnJan renewals up 0.8 pct vs 0.5 pct decline year earlier
FRANKFURT, Feb 6 Munich Re posted a preliminary 8 percent rise in net profit in the fourth quarter but only eked out a small profit for the full year 2017 after a series of natural disasters in North America, the German reinsurer said on Tuesday.
SYDNEY Recent Australian life insurance sales (ranked by deal value)
* IAG IMPROVES CAPITAL EFFICIENCY AND REDUCES EARNINGS VOLATILITY
MUNICH, Nov 30 German reinsurer Munich Re aims to stabilise its annual net profit at "2 billion euros plus" for the next few years as low interest rates and price pressure hold back growth, its Chief Executive Joachim Wenning said.
FRANKFURT Munich Re's Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low.
* Clearance from watchdog Bafin seen a challenge (Adds details on valuation)