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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.
URL https://www.munichre.com
Investor Relations URL https://www.munichre.com/en/company/investors.html
HQ State/Province N/A
Sector Financials
Industry Insurance
Equity Style Large Cap/Blend
Next Earnings Release May. 08, 2024
Last Earnings Release Feb. 27, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Apr. 26, 2024

Profile

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.
URL https://www.munichre.com
Investor Relations URL https://www.munichre.com/en/company/investors.html
HQ State/Province N/A
Sector Financials
Industry Insurance
Equity Style Large Cap/Blend
Next Earnings Release May. 08, 2024
Last Earnings Release Feb. 27, 2024
Next Ex-Dividend Date N/A
Last Ex-Dividend Date Apr. 26, 2024