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May 7, 2010:
Munich Re starts the financial year 2010 with a quarterly profit of €485m
April 28, 2010:
Munich Re announces a new EDGE: Life, Disability and Critical Illness Underwriting Manual
April 27, 2010:
LOGIQ3 innovative training course hailed
February 2, 2010:
Munich Re increases profit to €2.56bn in 2009 and raises dividend to €5.75
November 5, 2009:
Munich Re posts €1.8bn profit for the first nine months of 2009
August 4, 2009:
Munich Re posts €1.1bn profit for first half-year 2009
May 6 , 2009:
Munich Re starts the financial year 2009 with a quarterly profit of €420m
March 3 , 2009:
Munich Re: Continuing on a solid path
February 4, 2009:
Munich Re with clear profit for 2008 despite financial crisis
November 7, 2008:
Munich Re posts profit of €1.4bn for the first three quarters
September 25, 2008:
A.M. Best Affirms Ratings of Munich Reinsurance Company and Its Subsidiaries
September 22, 2008:
The financial market crisis and Munich Re’s situation - “We will emerge stronger from the crisis”
May 8, 2008:
Munich Re: Satisfactory first quarter in difficult environment / Solid quarterly
profit of €785m, despite substantial major losses and volatile capital markets / Operating result of €1.2bn pleasingly robust / CFO Jörg Schneider confirms expected profit range of €3.0–3.4bn for 2008, in spite of reduced premium volume in reinsurance
May 2, 2008:
ERGO agrees on life insurance joint venture in India with HERO Group
April 30, 2008:
Munich Re Group expands MGA (Managing General Agency) business: Acquisition of
the Roanoke Companies Inc.
April 28, 2008:
Munich Re announces new CI Benchmark Definitions
April 17, 2008:
Munich Re's Annual General Meeting today: / Dividend for 2007 increased by €1.00 to €5.50 per share; dividend payout of over €1.1bn / ll Supervisory Board and Board of Management motions passed by a large majority / CEO von Bomhard: "The profits of recent years clearly illustrate that we are on the right track." / First estimates indicate satisfactory quarterly result
April 3, 2008:
Munich Re successfully concludes acquisition of specialty US primary insurer The
Midland Company (Midland) / Purchase of Midland part of Munich Re’s strategic realignment of its US business
April 1, 2008:
Munich Re concludes acquisition of Sterling Life Insurance Company / Purchase of leading US provider of health insurance benefits for seniors strengthens International Health segment
February 25, 2008:
Targets far exceeded: RORAC of 20.2% and earnings per share of €17.90 / Profit for the year of €3.9bn: Fourth record result in succession (including €0.4bn from one-off tax effect) / Primary insurance: Another high profit of €984m / Reinsurance: Substantially increased profit of €3.3bn / CEO von Bomhard: "Changing Gear generates a consistently high return for shareholders." / Continued ambitious goals: Sustained RORAC of 15% / Profit range of €3.0–3.4bn aimed at for 2008
February 20, 2008:
Munich Re places pandemic risks on the capital markets for the first time
February 6, 2008:
Munich Re to set up a subsidiary in Brazil
January 30, 2008:
Munich Re Group: Record profit of €3.9bn expected for 2007 on the basis of key preliminary figures / Board of Management to propose dividend of €5.50 (previous year: €4.50) per share / Share buy-back tranche completed early: 15 million shares with a volume of €2bn acquired since May 2007 / "Subprime" expenses of less than €10m in fourth quarter / Renewals in property-casualty reinsurance at 1 January 2008: Munich Re continuing to compete successfully / Positive development in new life business in primary insurance
December 17, 2007: Munich, Germany
Munich Re concludes agreement to acquire US healthcare insurer Sterling Life Insurance Company / Important step in the development of the Group’s business segment International Health / Dr. Wolfgang Strassl, member of the Board of Munich Re for Life and HealthCare: "Sterling is a target we have chosen carefully, and it perfectly contributes to the strategy we implemented in early 2006. It also further strengthens our capabilities as a global provider of integrated healthcare management."
December 13, 2007: Munich, Germany
Re: Munich Re Appointments in the New Year
November 12, 2007: Munich, Germany
Munich Re acquires Allfinanz, a leading provider of software for life insurance companies
November 6, 2007: Munich, Germany
Munich Re support for project to develop a global, open-source earthquake model / Global Earthquake Model generating information of the highest standard through cooperation between many of the world’s top earthquake experts / Munich Re sees improved opportunities in the medium term for loss prevention and insurability
November 5, 2007: Munich, Germany
With profit exceeding €3.3bn in the first three quarters, Munich Re on track for new record result / CFO Schneider: "We could even slightly surpass our profit target for the year of €3.5–3.8bn." / Further progress in Changing Gear: Repositioning in the US market, emphasis on cycle and capital management / ERGO continues expansion outside Germany – Joint venture agreed with Housing Development Finance Corporation (HDFC Ltd.) in India
October 29, 2007: Munich, Germany
Munich Re acquires UK company MSP Underwriting Ltd. and thus a stake in Lloyd's Syndicate 318, MSF Pritchard / Board member Peter Röder: "MSP Underwriting complements our existing portfolio perfectly. We are expanding our involvement in Lloyd’s property insurance segment."
October 17, 2007: Munich, Germany
Munich Re transfers cover for earthquake risks in Japan to the capital market / Heavy demand from investors in spite of uncertainty on the financial markets
October 17, 2007: Munich, Germany
Munich Re concludes agreement to acquire specialist US primary insurer The Midland Company (Midland) / Expansion of niche segments in US primary insurance as part of the strategic realignment of Munich Re’s US business / Peter Röder, Munich Re Board member with sole responsibility for the US market as from 1 January 2008: "We intend to grow profitably in the world’s most important insurance market. Establishing and building on a leading position in niche segments of the US primary insurance market is a significant aspect of our strategy for the USA within our Changing Gear programme." / "The specialised business model of insurers like Midland helps us to mitigate the volatility of our traditional reinsurance business," said Röder
October 9, 2007: Munich, Germany
Munich Re Group intends to substantially increase profitability in the U.S. as part of its global Changing Gear initiative / Munich Re announces new client-centric structure for its U.S. operations / New Munich Re America management team named
September 25, 2007: Munich, Germany
Munich Re writes Retakaful business – Retakaful branch opens in Malaysia
September 20, 2007: Munich, Germany
Munich Re Group launches new sustainability portal on the internet / Extensive, up-to-date information for the public, media, analysts and investors
August 21, 2007: Munich, Germany
Munich Re joins United Nations’ Global Compact initiative / Global Compact principles complement Munich Re’s guiding principles for sustainability and code of conduct
June 1, 2007: Munich, Germany
Munich Re participates as syndicate leader in the first cross-national insurance solution for hurricane and earthquake risks / Insurance cover for countries in the Caribbean in place for hurricane season 2007 / Munich Re Board member Georg Daschner: "For us, Changing Gear also means involvement in innovative insurance concepts worldwide."
May 9, 2007: Munich, Germany
Munich Re buys Bell & Clements Group
May 8, 2007: Munich, Germany
Munich Re securitises a further US$ 150m of hurricane risks / Innovative investment possibility for investors
May 4, 2007: Munich, Germany
Earnings per share to rise by more than 10% on average from 2007 to 2010 – Munich Re launches Changing Gear initiative for further profit growth / More share buy-backs of over €5bn planned up to 2010, with €2bn by 2008 Annual General Meeting – Important component of active capital management / CEO von Bomhard: "Together with the planned dividend payments, we are talking about a volume of more than €8bn by the end of 2010." / Successful first quarter in reinsurance and primary insurance: despite Kyrill, quarterly profit of €982m at last year's high level / Von Bomhard now sees 2007 profit target at €3.0–3.2bn, given normal claims experience and stable capital markets until end of year
April 26, 2007: Munich, Germany
Munich Reinsurance Company's Annual General Meeting today: Supervisory Board and Board of Management motions passed by a large majority / Dividend for 2006 increased by 45% to €4.50 per share; dividend payout of almost €1bn / CEO von Bomhard: "With our Changing Gear programme, we are supporting and promoting profitable and intelligent growth at Munich Re." / 1st quarter: Munich Re on track despite Winter Storm Kyrill
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