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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.
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