Annual Report 1997/1998 - Munich Re

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Munich Re The Munich Re Group The core of our business is managing and mastering risks. We have been successful in this future-oriented service industry since our foundation in 1880, always numbering among the top players in the international insurance industry. In reinsurance our clients are insurers: over 5,000 of them in around 160 countries. We assume a part of their risk; we advise them on the taking up of new lines; we help them in developing and expanding their insurance portfolios. Our clients benefit from the expertise and personal attention of around 4,900 staff – at our head office in Munich and at over 60 locations around the world. Qualities our business partners value in us are exceptional financial strength, extensive reinsurance capacity, wide-ranging knowledge, proximity to clients, comprehensive service, innovative solutions. We attach importance to continuity of business relationships. For our clients we want to remain what we have always been: a reliable and professional partner – also in a changing environment. We write reinsurance business in all classes of insurance worldwide, thus creating a global balance of risks. Our aim is to improve our position even further in as many potentially profitable business sectors as possible. The direct (= primary) insurers in the Munich Re Group concentrate on personal lines and insurance for small and medium-sized firms. First and foremost our direct insurance operations include ERGO, the second largest insurance group in Germany, which combines such well-known German names as VICTORIA, Hamburg-Mannheimer, DKV and D. A. S. These companies, which serve over 15 million clients, are set to profit substantially from their cooperation in the next few years. Having a strong footing in direct insurance has been, and will continue to be, an important part of our strategy. We thus create an optimum balance between more volatile reinsurance business and more stable personal lines insurance. This traditional diversification makes the Munich Re Group particularly strong. 3
Munich Re Supervisory Board Chairman Ulrich Hartmann Chairman of the Board of Management of VEBA AG Deputy Chairman Dr. jur. Henning Schulte-Noelle Chairman of the Board of Management of Allianz AG Deputy Chairman Dr. rer. pol. Wolfgang Röller Former Chairman of the Supervisory Board of Dresdner Bank AG Herbert Bach Employee of the Munich Reinsurance Company Christiane Bartl Employee of the Munich Reinsurance Company Dr. jur. Rolf-E. Breuer (from 5th December 1997) Spokesman of the Board of Management of Deutsche Bank AG Peter Burgmayr Employee of the Munich Reinsurance Company Rudolf Ficker (from 1st January 1998) Former Member of the Board of Management of the Munich Reinsurance Company Dr. jur. Edgar Jannott (until 23rd October 1997) Chairman of the Board of Management of ERGO Versicherungsgruppe AG Ludwig Knabl Employee of the Munich Reinsurance Company Hilmar Kopper (until 5th December 1997) Chairman of the Supervisory Board of Deutsche Bank AG Dr.-Ing. E. h. Eberhard v. Kuenheim Chairman of the Supervisory Board of Bayerische Motoren Werke AG Dr. techn. h. c. Dipl.-Ing. ETH Ferdinand Piëch Chairman of the Board of Management of Volkswagen AG Dr. jur. Albrecht Schmidt Spokesman of the Board of Management of Bayerische Hypo- und Vereinsbank AG Dr. rer. nat. Klaus Schumann Employee of the Munich Reinsurance Company Dr.-Ing. Dieter Soltmann General Partner of Gabriel Sedlmayr Spaten-Franziskaner-Bräu KGaA Professor Dr. jur. Dr.-Ing. E. h. Dieter Spethmann Attorney, former Chairman of the Board of Management of Thyssen AG For seats held on other supervisory boards and comparable bodies see page 123 f. 4
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Annual Report 1997/1998 - Munich Re

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