The native of Munich back's group is one of the world-wide largest reinsurance companies and after the alliance the second largest Erstversicherungsgruppe in Germany. The seat of the enterprise is Munich. The annual turnover in the reinsurance business amounted to 38.1 billion "€ in the year 2004.

History

1880 created the Erfurter Carl von Thieme, whose father was a director with the Thuringia, with support by William of Finck (partner of the banking house Merck Finck & CO) the Munich reinsurance company. 1890 followed the establishment of the alliance insurance share company, with which Munich back in the past always had co-operated closely. Thieme led Munich back until 1921, Finck was to 1924 of chairmen of the supervisory board.

Company overview

The native of Munich back's group operates apart from reinsurance also the by the ERGO group and since 1999 ate management by the MEAG (Munich Ergo eating management GmbH)

Reinsurance

Munich back approx. 5,000 customers (insurance) in approximately 160 countries have. She takes over parts of the risk of these insurance and advises these comprehensively in the insurance transaction. Beside its master seat in Munich maintains the Munich back more than 60 branch offices. Are backinsured life, ill, liability, accident, force travel, transport/aviation/space travel, fire and technical insurance as well as other. In the year 2004 the booked gross contributions layer with approx. 22.4 billion "€.

Erstversicherung: ERGO group

The ERGO group of insurance is Munich the main offerer of Erstversicherungen back and offers all forms of the life and Krankenversichung as well as most forms of the damage and accident insurances. To the ERGO group the subsidiaries belong

• VICTORIA insurance AG
• Hamburg Mannheimer insurance AG
• DKV German health insurance AG
• D.A.S. German automobile protection insurance AG
• KarstadtQuelle insurance
• European travel insurance
• ITERGO

The conversion in the Erstversicherung was 2004 at 17,5 billion "€, in the previous year about 17,6 billion "€

Ate management

1999 were created the Meag - Munich Ergo eating management GmbH and operate since then the administration and increase of the investments of Munich back and ERGO as well as third. It managt in the meantime for insurants, private investors and institutional investors more than 50 funds. The Meag administers approximately 146.8 billion "€ Assets under managements (conditions: 31. December 2004).

Ownership structure (conditions 12/2005)

• Alliance AG, Munich/Berlin (9.4%)
• Unicredit, Milan (4.9%)

The remainder lies as strewing possession with approx. 150,000 shareholders.

The shareholder structure builds itself up as follows:

• Banks (0.3%)
• Insurance (4.4%)
• Investment companies (10.0%)
• other institutional investors (55.0%)
• Private people (10.9%)

The shareholders are with approximately 53.5% mainly in Germany, before Great Britain (approx. 9.2%), remaining Europe (approx. 27.9%) and North America (approx. 9.3%).

Participation

Munich back is involved in numerous property, administration of an estate, insurance and investment companies. The most important are:

Reinsurances

• American RH corporation, Princeton/USA (100%)
• American RH-Insurance company, Princeton/USA (100%)
• Munich back Italia S.p.A., Milan/Italy (100%)
• Munich American Reinsurance company, Atlanta/USA (100%)
• Munich Reinsurance company OF Australia Ltd., Sydney/Australia (100%)
• Munich Reinsurance company OF Canada, Toronto/Canada (100%)
• Munich Reinsurance company OF Africa, Johannesburg/South Africa (100%)
• Great Lakes Insurance (UK) PLC, London/Great Britain (100%)
• New reinsurance company, Geneva/Switzerland (100%)
• Temple Insurance company, Toronto/Canada (100%)

Erstversicherungen (conditions 10/2005)

ERGO group of insurance of AG, Duesseldorf (93.67%). To the ERGO group belong:

• Victoria insurance AG, Duesseldorf (93.67%)
• Victoria life insurance AG, Duesseldorf (93.67%)
• Victoria health insurance AG, Duesseldorf (93.67%)
• Victoria Volksbanken insurance AG, Vienna/Austria (72.28%)
• DKV German health insurance AG, Cologne (93.67%)
• Hamburg Mannheimer insurance AG, Hamburg (93.67%)
• European travel insurance AG, Munich (100%)
• D.A.S. German automobile protection insurance AG, Munich (93.67%)

Reference numbers 2004

Related links

• http://www.munichre.de

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