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Home > Company Index > Insurance > Reinsurance > Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft
 PROFILE
Some companies live with risk. Münchener Rückversicherungs (Munich Re), on the other hand, "thrives" with risk. As the world's largest reinsurer, Munich Re does business in some 150 countries and plans to grow in Europe. About half of Munich Re's business is now in direct insurance; it is also expanding into asset management as reinsurance premiums plummet. The firm owns about 60% of ERGO Versicherungsgruppe, putting it second only to Allianz in Germany's direct insurance market. Through American Re, Munich Re enjoys greater access to US markets. Munich Re and Allianz own almost 25% of each other (though each has agreed to reduce the stakes).

 COMPETITION
Allianz AG (AZ)
Swiss Reinsurance Company (RUKN)
"Winterthur" Swiss Insurance Company (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 38,413.50
1-Yr. Sales Growth: 8.3%
Employees: 27,489
Revenue per employee: $1,397,413.51

 KEY PEOPLE
• Hans-Jurgen Schinzler
    CEO

 CONTACT INFO
Koeniginstrasse 107
D-80791 Munich, Germany
Phone: 49-89-38-91-0
Fax: 49-89-39-90-56
Online: Web Site

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