Hints and tips:
...The proxy adviser now has a blanket ban against former chief executives becoming chair, a position that goes well beyond the requirements of German law....
...Temperatures have already risen 1.1C as a result of human activity since pre-industrial times....
...as a big factor....
...The German group’s chief executive Joachim Wenning warned targets set out in the Paris accord, which aims to phase out fossil fuels by 2050, on climate change could be missed unless action is taken....
...German reinsurer Munich Re’s fourth quarter profits fell 56 per cent year-on-year to €238m as the group was hit by the California wildfires in November and turbulent financial markets at the year-end....
...German reinsurer Munich Re on Wednesday said it was on track to meet its 2018 profit target despite suffering losses of around €600m in the third quarter from Typhoon Jebi and Hurricane Florence and an expected...
...In an interview with the Financial Times in 2016, Mr Von Bomhard suggested that a return to Munich Re could be on the cards once the two-year cooling-off period required by German corporate governance rules...
...German reinsurer Munich Re said on Tuesday it plans to acquire tech start-up Relayr, in a $300m deal that highlights the growing links between financial service providers and technology companies....
...“A single hurricane that is very strong can cause a lot of damage,” stressed Mr Jeworrek, pointing to 1992, when, while the absolute number of tropical storms was low, Florida was devastated by the category...
...German reinsurer Munich Re is doubling down on buying back its own shares after a tough 2017 when a series of hurricanes in the US and the Caribbean wiped out four fifths of the group’s net profits....
...The German reinsurer on Tuesday reported a €392m net profit for last year, down from €2.6bn in 2016....
...German reinsurer Munich Re revealed that a series of powerful hurricanes in the US and Caribbean last autumn had wiped 85 per cent off its profits for 2017....
...German reinsurer Munich Re says that natural disasters in 2017 exposed the global insurance industry to a record level of costs which give “a foretaste of what is to come”....
...Trov’s insurance will be underwritten by German reinsurance company Munich Re. This is Trov’s first foray into the world of motor insurance....
...Pressure is growing for a delay to controversial new accounting rules designed to revolutionise the way insurers report their results, with German insurer Munich Re the latest to call for a postponement....
...Munich Re has become the latest reinsurer to warn of major losses from the recent hurricane disasters with the German company indicating on Thursday it now expects a “small profit” this year....
...German reinsurer Munich Re has posted a €1.4bn loss for the third quarter as the cost of natural catastrophes in the US and Caribbean weighed on its results....
...Although the German reinsurer did not provide a firm number for the scale of the damage, it said “the figures for the third quarter of 2017 will probably show a loss.”...
...Costs related to the Grenfell Tower fire in London have dented first-half results at German reinsurance group Munich Re....
...Munich Re, the German reinsurer, also confirmed it would continue to use KPMG to audit its global operations, despite deciding to drop the Big Four accountancy group in South Africa last month....
...Mr Wenning is not due to succeed Nikolaus von Bomhard as chief executive of the German group until April 27, but Munich Re said in a statement on Thursday that he and the management board had proposed the...
...Munich Re on Tuesday outlined plans to raise its dividend, even as it reported a worse than expected set of fourth-quarter results due to a number of large insurance claims....
...The German group began the year forecasting a net profit of between €2.3bn and €2.8bn, then lowered its sights to €2.3bn in May to take into account a weak first quarter and the costs of overhauling its...
...And its primary insurance business Ergo, which like other German insurers has been struggling with rock-bottom interest rates, posted a €34m net loss....
...“Overall he has done a good job, and so he could certainly come back as a successor to Mr Pischetsrieder,” said Ingo Speich, a portfolio manager at Union Investment, one of Munich Re’s top 20 shareholders...
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