Download PDF version - Munich Re
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Download PDF version - Munich Re
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<strong>Munich</strong> <strong>Re</strong><br />
The <strong>Munich</strong> <strong>Re</strong><br />
Millions of people and companies throughout the world are clients of<br />
insurance companies, which in turn are our clients – over 4,000 of them<br />
in more than 150 different countries. We assume a part of their risk, in<br />
particular the peak and catastrophe risks in their portfolios, and also<br />
provide support in many markets for the handling and development of<br />
insurance business, including the taking up of new lines. Our clients<br />
benefit from the expertise and personal attention of the <strong>Munich</strong> <strong>Re</strong>’s more<br />
than 3,000 staff – at our head office in <strong>Munich</strong> and at over 60 reinsurance<br />
subsidiaries, branches, service companies and liaison offices worldwide.<br />
<strong>Munich</strong> <strong>Re</strong> can look back proudly on 116 years of successful reinsurance<br />
operations. The foundations of our business philosophy are:<br />
Independence of the company<br />
Exceptional financial strength, with the ability and willingness to meet our<br />
obligations at all times<br />
Profit-oriented growth<br />
Global balance of risks through the writing of business in all classes of<br />
insurance throughout the world<br />
Extensive reinsurance capacity and comprehensive services for our<br />
clients<br />
Continuity of relationships with clients and markets<br />
Stabilization of our business through controlling interests in direct<br />
insurance companies<br />
We take advantage of calculable opportunities without indulging in<br />
speculation. We act in accordance with proven principles while remaining<br />
receptive to new ideas, which we also help to develop. As the largest<br />
company of our kind in the world, our goal is to remain the leading<br />
reinsurer in as many potentially profitable business sectors as possible.<br />
For our clients, we want to continue to be what we have always been in<br />
the past – a reliable and highly professional service provider.<br />
The <strong>Munich</strong> <strong>Re</strong>’s share capital of DM 813,350,000 is furnished by approximately<br />
12,000 shareholders. Our largest shareholder, with 25 %, is Allianz<br />
AG Holding, in which <strong>Munich</strong> <strong>Re</strong> also holds a 25 % share. Bayerische<br />
Vereinsbank, Deutsche Bank and Dresdner Bank each hold around 10 %.<br />
Commercial Union Assurance Company plc, London, with an interest of<br />
just under 5 %, is also a longstanding shareholder. Otherwise, our<br />
shareholders are widely distributed throughout Germany and abroad. Our<br />
shareholder structure reflects the breadth of the confidence placed in<br />
<strong>Munich</strong> <strong>Re</strong>. Indeed, international investment companies and pension funds<br />
are also showing an increasing interest in <strong>Munich</strong> <strong>Re</strong> shares.<br />
Through appropriate dividend distributions, favourable subscription rights<br />
in capital increases and a steady rise in the price of <strong>Munich</strong> <strong>Re</strong> shares<br />
over the long term, it is our policy to ensure that our shareholders’<br />
investments in the company appreciate in value. The good overall return<br />
that <strong>Munich</strong> <strong>Re</strong> shares have provided for many years shows that an<br />
investment in our company is well worthwhile.<br />
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