Munich Re May Enter Lending to Companies, FT Deutschland Reports
Muenchener Rueckversicherungs AG (MUV2) is studying lending directly to companies to access new sources of revenue, Financial Times Deutschland reported, citing an interview with Chief Financial Officer Joerg Schneider.
The re-insurer faces conflicting demands from regulators and rating companies demanding conservative investments, while clients of the company’s life insurance unit are entitled to a guaranteed interest of 3.4 percent that’s hard to earn in the current low interest-rate environment, FTD said.
Munich Re wouldn’t need a banking license, the newspaper said.
To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net
To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net
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