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On 24th February 1996 Dr. jur. Wolfgang Schieren Deputy Chairman of the Supervisory Board of the Munich Reinsurance Company passed away at the age of 68. Dr. Schieren had been intimately connected with our company for many years. He was appointed to the Munich Re Supervisory Board in 1972 and elected Deputy Chairman. During the long period of our close cooperation, also on the Supervisory Boards of other companies in our Group, he rendered us valuable service as a wise and farsighted counsellor. We mourn and give thanks for a great entrepreneur and impressive strategic thinker, with a wealth of knowledge and an unshakeable sense of duty. He was an outstanding figure, enjoying the highest respect in both the German and the international insurance industry. The positive effects of his work were felt not only in broad areas of the economy but also in the fields of science and culture. He was our friend and partner. We shall not forget him
Munich Re The Munich Re Millions of people and companies throughout the world are clients of insurance companies, which in turn are our clients – over 4,000 of them in more than 150 different countries. We assume a part of their risk, in particular the peak and catastrophe risks in their portfolios, and also provide support in many markets for the handling and development of insurance business, including the taking up of new lines. Our clients benefit from the expertise and personal attention of the Munich Re’s more than 3,000 staff – at our head office in Munich and at over 60 reinsurance subsidiaries, branches, service companies and liaison offices worldwide. Munich Re can look back proudly on 116 years of successful reinsurance operations. The foundations of our business philosophy are: Independence of the company Exceptional financial strength, with the ability and willingness to meet our obligations at all times Profit-oriented growth Global balance of risks through the writing of business in all classes of insurance throughout the world Extensive reinsurance capacity and comprehensive services for our clients Continuity of relationships with clients and markets Stabilization of our business through controlling interests in direct insurance companies We take advantage of calculable opportunities without indulging in speculation. We act in accordance with proven principles while remaining receptive to new ideas, which we also help to develop. As the largest company of our kind in the world, our goal is to remain the leading reinsurer in as many potentially profitable business sectors as possible. For our clients, we want to continue to be what we have always been in the past – a reliable and highly professional service provider. The Munich Re’s share capital of DM 813,350,000 is furnished by approximately 12,000 shareholders. Our largest shareholder, with 25 %, is Allianz AG Holding, in which Munich Re also holds a 25 % share. Bayerische Vereinsbank, Deutsche Bank and Dresdner Bank each hold around 10 %. Commercial Union Assurance Company plc, London, with an interest of just under 5 %, is also a longstanding shareholder. Otherwise, our shareholders are widely distributed throughout Germany and abroad. Our shareholder structure reflects the breadth of the confidence placed in Munich Re. Indeed, international investment companies and pension funds are also showing an increasing interest in Munich Re shares. Through appropriate dividend distributions, favourable subscription rights in capital increases and a steady rise in the price of Munich Re shares over the long term, it is our policy to ensure that our shareholders’ investments in the company appreciate in value. The good overall return that Munich Re shares have provided for many years shows that an investment in our company is well worthwhile. 5
Page 1 and 2: MMünchener Rück Munich Re 1995/96
Page 3 and 4: Munich Re Group 1993/94 1994/95 199
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Munich Re Group III. Non-technical
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Munich Reinsurance Company Summary
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Munich Reinsurance Company Balance
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Munich Reinsurance Company Profit a
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Munich Reinsurance Company Notes on
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Munich Re Proposal for appropriatio
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Munich Reinsurance Company Business
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The Munich Re worldwide Reinsurance
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Further information is obtainable f
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