muenchener rueckver ag-reg (MURGF) Key Developments
Munich Re Names Markus Riess as Member and Chairman of the Ergo Versicherungsgruppe Management Board and Member of its Management Board
Jun 11 15
Munich Re announced on June 9 that unit ERGO Versicherungsgruppe AG's supervisory board the same day named Markus Riess member and chairman of the unit's management board. Also, Munich Re's supervisory board named Riess a member of its management board. Both appointments take effect Sept. 16, 2015. At ERGO, Riess succeeds Torsten Oletzky, who will leave the company at 2015-end for personal reasons. Oletzky will leave the management board Sept. 15, but will remain in the company until 2015-end in an advisory capacity.
Munich Re Presents at Deutsche Bank Global Financial Services Investor Conference, Jun-02-2015
May 30 15
Munich Re Presents at Deutsche Bank Global Financial Services Investor Conference, Jun-02-2015 . Venue: The Pierre, 2 East 61st Street (at 5th Avenue), New York, NY 10065, United States. Speakers: Tony Kuczinski.
Stion Adds Warranty Policy from Munich Re
May 26 15
Stion announced the addition of Munich Re solar panel warranty insurance for installations worldwide. This insurance solution from the multi-billion dollar global industry leader covers the long-term technology performance risk of Stion's photovoltaic modules. The policy would cover Stion's warranty for up to 25 years in the event of an unexpectedly large performance loss below guaranteed performance specification. Prior to the agreement being signed, Munich Re completed an in-depth review of Stion's product quality control and manufacturing processes. Backing from MunichRe has become an important milestone for many third-party project financiers, offering proven financial protection while mitigating the long-term technical risk.
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft Presents at Exane BNP Paribas Nordic Investor Forum, May-20-2015
May 12 15
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft Presents at Exane BNP Paribas Nordic Investor Forum, May-20-2015 . Venue: Stockholm, Sweden.
Munich Re Reports Earnings Results for the First Quarter Ended March 2015; Provides Earnings Guidance for the Year 2015
May 7 15
Munich Re reported earnings results for the first quarter ended March 2015. For the quarter, the company reported net profit of EUR 790 million against EUR 941 million a year ago. Underlying or operating profit fell by 25% to EUR 995 million against EUR 1,327 million a year ago, while gross premium income inched 0.9% higher to EUR 13.038 billion. The return on the strongly increased overall equity (RoE) totalled 9.7%.
The company expects full-year gross premiums to amount to EUR 49 billion to EUR 51 billion, more than previously anticipated as a result of positive currency translation effects. For the full year 2015, the company is still aiming for a profit of EUR 2.53 billion.