Munich Re

at Königinstr. 107, Munich , 80802 Germany

Munich Re Group is a reinsurance company based in Munich, Germany. It is one of the world’s leading reinsurers. ERGO, a Munich Re subsidiary, is the Group’s primary insurance arm.Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.HistoryIn 1880, Carl von Thieme, a native of Erfurt, whose father was the director of Thuringia, founded Münchener Rückversicherungs-Gesellschaft together with Wilhelm von Finck (co-owner of the Merck Finck & Co bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck served as Chairman of the supervisory board until 1924. Munich Re became renowned after the San Francisco Earthquake of 1906 as the only insurer that remained solvent after paying out all the claims.In 2014 the company's equity amounted to €30.3 billion. The group’s premium income for the year (gross premiums written) was €48.8 billion, with its consolidated result amounting to €3,171 million.In February 2010, U.S. investor Warren Buffett became Munich Re's largest single shareholder with 11.2 percent of the company. As of February 2015 with he holds 11.6 percent of the company.

Address and contacts of Munich Re

place map
Munich Re
Königinstr. 107
Munich 80802
Germany
Email
Contact Phone
P: 089 / 38910
Website
http://www.munichre.com

Company Rating

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Summary

Munich Re is Munich based place and this enity listed in Financial Services category. Located at Königinstr. 107 80802. Contact phone number of Munich Re: 089 / 38910

Organization category, Munich

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BayernLB
Brienner Straße 18 Munich 80333 Germany

BayernLB or Bayerische Landesbank is a publicly regulated bank based in Munich, Germany and one of the eight Landesbanken. It is 94% owned by the free state of Bavaria and 6% owned by the Sparkassenverband Bayern, the umbrella organization of Bavarian Sparkassen. With a balance of €416 billion and 19,200 employees, it is the eighth-largest financial institution in Germany.Main business activitiesAs a commercial bank, BayernLB offers private and commercial customers a universal range of services in private, industrial, investment and foreign business. This includes loans, securities trading and asset management, as well as mid-term and long-term bond issuance and securitization. The bank is refinanced through a variety of commercial debenture instruments.As a state and municipal bank, BayernLB is responsible for comprehensive credit and financial counsel for the state of Bavaria and its municipalities and districts.Through its subsidiaries, the bank is involved in a variety of further business areas. The Bayerische Landesbodenkreditanstalt is an organ of state housing policy, while the LBS Bayern is a public building society (Bausparkasse). Through its full ownership of the Deutsche Kreditbank, based in Berlin, BayernLB is also involved in retail banking.