Premium Company Profile: Muenchener Rueckversicherungs-GesellschaftDatamonitorJanuary 1, 2008 35 Pages - SKU: DFMN1657296 |
| Introduction Muenchener Rueckversicherungs-Gesellschaft (Munich Re) is a leading reinsurance company based in Germany. This profile offers a comprehensive review of the group's operations and performance. Scope Contains corporate strategy, value chain presence and SWOT Analysis Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors Includes information on suppliers/ partners, shareholding structure and key employees with biographies Highlights Munich Re was the largest global property & casualty reinsurer in 2006. The group holds approximately 13% market share in global property & casualty reinsurance industry. The group is also the largest marine insurance syndicate at Lloyd's, by the virtue of its stake in Watkins Syndicate. The group's operating results has been improving since 2003. During 2003-2006, operating profit registered a CAGR of 62.3%. Moreover, the group's net profit was recorded as E3,440 million in the fiscal year 2006, an increase of 28.4% over 2005. It wiped of its net losses recorded in 2003 to emerge as one of leading reinsurers in the world in 2006. Since 2005, rating agencies such as Moody's, Fitch and S&P have been rating Munich Re favorably. In September 2007, the financial strength rating of Munich Re and the issuer credit rating of Munich Re's rated subsidiaries were affirmed at A+ and 'aa-'respectively by AM Best. The outlook on ratings has been revised to stable from negative. Reasons to Purchase Access all the important information and analysis on the company in a single report Understand company's strengths, weaknesses, opportunities and threats along with business strategy and value chain Gain access to company's adjusted five year financial data along with key ratios and market capitalization. |
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