Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
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Backup: <strong>Re</strong>insurance<br />
<strong>Re</strong>insurance property-casualty<br />
New business opportunities: Examples of concrete initiatives<br />
Execution of 15 defined growth initiatives<br />
Backup: <strong>Re</strong>insurance<br />
Specialty agency<br />
business models<br />
Urban risks<br />
Distribution<br />
power<br />
Risk<br />
know-how<br />
Traditional<br />
reinsurance<br />
Risk<br />
capacity<br />
Risk trading solutions<br />
Top initiatives deliver >€250m net profit in 2010<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong><br />
Special enterprise<br />
risks<br />
<strong>Re</strong>insurance property-casualty<br />
<strong>Re</strong>newals ytd: New business priced to support <strong>Group</strong> targets<br />
% 100 –15.0 85.0 3.6 11.5 100.1<br />
€m 10,405 1,562 8,843 373 1,197 10,413<br />
Total renewable<br />
from 1 July 2007<br />
Cancelled <strong>Re</strong>newed Increase on<br />
renewable<br />
Change<br />
in renewed 4.2%<br />
Thereof<br />
Pure price –2.8%<br />
EExposure 13 13.9% 9%<br />
Share –5.9%<br />
New business Estimated<br />
outcome<br />
Agro<br />
Approx. 95% of total<br />
treaty property-casualty<br />
business included<br />
PPremium i volume l<br />
remains constant with<br />
a rate decrease of<br />
–2.8%<br />
Downcycle less<br />
pronounced than some<br />
suspected<br />
Discontinuation of<br />
inadequately priced<br />
business (e.g. US XL<br />
€160m, thereof majority<br />
in long-tail US casualty<br />
business)<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
32<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
33
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