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Munchener Ruckversicherungs-Gesellschaft AG

MUV2

Company Profile

  • Business description

    Munich Re was founded in 1880 by Carl von Thieme amid a flurry of other reinsurance companies set up independent of primaries. In those days, most reinsurers typically focussed on a few customers with strong reputations. Thieme focused on a broader set of cedents in order to drive stronger growth in premiums. This coincided with a strategy of risk diversification and a preference to partner rather than take on a one-sided transfer of risk. In the 1890s, Munich introduced the first machinery insurance. After von Thieme and Wilhelm von Finck founded Allianz, this was the main channel to sell insurance on machinery. We think the approach of partnering with insurers and preferring to avoid one-sided risk, in conjunction with combining inspection services, remains at the heart of the firm.

  • Contact

    Koniginstrasse 107
    Munich BY 80802
    DEU

    T: +49 8938910

    E: ir@munichre.com

    https://www.munichre.com

  • Sector

    Financial Services

    Stock type

    Cyclical

  • Industry

    Insurance - Reinsurance

    Fiscal Year End

    31 December 2024

    Employees

    42,812

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Markets

Index
Last price
Change
% Change
All Ordinaries 7,817.40 81.50 -1.03%
CAC 40 8,022.41 0.85 -0.01%
DAX 40 17,737.36 100.04 -0.56%
Dow JONES (US) 37,986.40 211.02 0.56%
FTSE 100 7,895.85 18.80 0.24%
HKSE 16,224.14 161.73 -0.99%
NASDAQ 15,282.01 319.49 -2.05%
Nikkei 225 37,068.35 1,011.35 -2.66%
NZX 50 Index 11,796.21 39.83 -0.34%
S&P 500 4,967.23 43.89 -0.88%
S&P/ASX 200 7,567.30 74.80 -0.98%
SSE Composite Index 3,065.26 8.96 -0.29%

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