Munchener Ruckversicherungs-gesellschaft Ag · XETR:MUV2

Munchener Ruckversicherungs-gesellschaft — Munich Re — Renewals 2005/06 Media telephone conference

11 slides from Munchener Ruckversicherungs-gesellschaft's conference presentation, Feb 15, 2006

  1. Slide 1: The Munich Re Group Renewals 2005/06 Media telephone conference

    The Munich Re Group Renewals 2005/06 Media telephone conference Torsten Jeworrek 15 February 2006

  2. Slide 2: Important notice

    Important notice ƒ Unless otherwise stated, this presentation is based on underwriting-year figures. This basis is only remotely comparable with calendar-year figures, which are in turn the basis of quarterly and annual accounts ƒ Portfolio developments are measured at constant foreign exchange rate

  3. Slide 3: Overview: General highlights

    Agenda Overview 4 Reinsurance Group 7 Lines of business/Regions 11 Outlook 18 The Munich Re Group Renewals 2005/06 at 15.2.2006 4 Overview General highlights Overall a positive outcome ƒ 66% of our total P&C business was due for renewal in January ƒ Achieved substantial price increases in loss-affec

  4. Slide 4: Renewal strategy

    Overview Renewal strategy Strict focus on risk adequate pricing ƒ Re-assessment of risks after 2005 natural catastrophes reflected in models for prices and accumulation control ƒ Rigorous cancellation of non-risk-adequate business ƒ Profitability the only driver of all underwriting decisions ƒ US hu

  5. Slide 5: January renewals 2006 and changes in premium

    Reinsurance Group January renewals 2006 (Premiums written) Two-thirds of portfolio renewed in % 100 –16.6 83.4 –17.9 65.5 100 75 50 25 0 Total Facultative Total renewable Later January portfolio treaty business renewals renewals The Munich Re Group Renewals 2005/06 at 15.2.2006 8 Reinsurance Group C

  6. Slide 6: Active Munich Re portfolio management

    Reinsurance Group Active Munich Re portfolio management Examples Growth Business rationale USA Motor proportional +€70m Short-tail automobile business in market (specialty writer) Global/ Agro +€90m Growth with a strategic client Special lines Cancelled business Business rationale USA WC –€95m Furth

  7. Slide 7: Breakdown of renewed business by line of business/region

    Lines of business/Regions Breakdown of renewed business by line of business/region Lines of Credit Property 6 (7) 38 (36) business Aviation 3 (3) in % Marine 9 (8) Casualty 44 (46) Global incl. special lines Europe Regions 28 (28) 49 (50) in % Americas 13 (12) Asia/Pacific The Munich Re Group Renewa

  8. Slide 8: Property and Casualty: Changes in premium

    Lines of business/Regions Property Changes in premium in % ƒ Growth in non- 100 –7.6 –4.4 88.0 9.7 8.5 4.4 110.6 hurricane XL segments ƒ Structural shift 100 within XL portfolio to higher layers with lower 75 Increase on renewed: frequencies 11.1% Thereof 50 ƒ rate increase: 3.7% ƒ share increase: 7

  9. Slide 9: Marine and Aviation: Changes in premium

    Lines of business/Regions Marine Changes in premium in % ƒ Substantial rate 100 –2.7 –3.3 94.0 18.2 6.8 3.3 122.3 increases in loss affected areas 125 ƒ Munich Re setting standards for 100 industry to switch to second event Increase on renewed: coverage 75 19.3% Thereof ƒ rate increase: 17.2% 50 ƒ s

  10. Slide 10: Outlook: Munich Re well positioned

    Agenda Overview 4 Reinsurance Group 7 Lines of business/Regions 11 Outlook 18 The Munich Re Group Renewals 2005/06 at 15.2.2006 18 Outlook Munich Re well positioned ƒ Overall expectation of continued risk adequate price levels in April and July renewals ƒ Pricing trends in 2006 largely driven by: ƒ

  11. Slide 11: Disclaimer

    Appendix Disclaimer This report contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward- looking statements given here and t

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