Corporate
Munich Re Group was founded in April 1880. It is one of the biggest global insurance companies of Germany offering services and solutions to a wide spectrum of consumers worldwide. Munich Re Group is a specialized risk management company and focuses on sustainability criteria while taking up risks.Munich Re Group is a Fortune 500 company.
Activities
Munich Re Group services and solutions cover a number of areas.- Reinsurance - Solvency II
- Insurance – Innovation and trends
- Geo Risks – Researching geoscientific phenomena, their risks and loss potential
- Life and health insurance
- Entrepreneurial risks
- Workers’ compensation
Performance:
In fiscal 2005 Munich re Group recorded revenues of 60,255.7 million USD which was approximately .7 % less than what it was in the last fiscal.The total value of the assets held by Munich re Group in fiscal 2005 was 257,900 million USD.
Munich Re Group’s net income in fiscal 2005 was 3,318.9 billion USD which was approximately 45.6 % higher than what it was in the last fiscal.
Responsibility and Commitment
Munich Re Group honored its commitment in the aftermath of:- The devastating earthquake in Mexico in 1986
- The World Trade Center tragedy in New York in 2001
- The worst floods in Germany in 2002
- Hurricane Katrina that devastated New Orleans on the gulf coast of the US in 2005
Organization
Munich Re Group is headed by Mr. N Von Bomhard who is the CEO of the company.Munich Re Group employs over 37,000 people globally. Munich Re Group’s head office is located at : Koniginstrasse 107,
Munich 80802
Tel: 49-89-38910
Website: www.munichre.com
