Munchener Ruckversicherungs-gesellschaft Ag · XETR:MUV2

Munchener Ruckversicherungs-gesellschaft — Munich Re — Corporate Update (February 2005)

11 slides from Munchener Ruckversicherungs-gesellschaft's corporate update, Feb 15, 2005

  1. Slide 1: The Munich Re Group Renewals 2004/05 Telephone conference for the media

    The Munich Re Group Renewals 2004/05 Telephone conference for the media Torsten Jeworrek Jörg Schneider 15 February 2005 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 i

  2. Slide 2: Overview: General highlights and market sentiment

    Overview General highlights ƒ 65% of our total portfolio was due for renewal in January Further portfolio enhancement ƒ Overall stable prices realised in our portfolio ƒ New business of 8% driven by selected growth opportunities (e.g. China) ƒ Premium volume remains at a high level: –4.4%, thereof p

  3. Slide 3: January renewals 2005 (Premiums written); Changes in premium – Treaty total

    Reinsurance Group January renewals 2005 (Premiums written) in % 100 –19.0 81.0 –16.4 64.6 100 75 50 25 0 Total Facultative Total renewable Later January portfolio treaty business renewals renewals The Munich Re Group Renewals 2005 15 February 2005 5 Reinsurance Group Changes in premium – Treaty tota

  4. Slide 4: Changes in premium – Treaty without RSA; Active portfolio management

    Reinsurance Group Changes in premium – Treaty without RSA in % 100 –8.1 –4.5 87.5 0.6 8.3 4.5 100.9 in €m 9.364 100 75 Increase on renewed: 0.7% 50 Thereof rate increase: 0.2% share increase: 0.5% 25 0 Total Cancelled Pending Renewed Increase New Pending Estimated renewable on business outcome Janua

  5. Slide 5: Split of renewed business by lines of business/regions

    Lines of business/Regions Split of renewed business by lines of business/regions Lines of Credit Property 5 (5) 32 (33) business Aviation/Space 5 (4) in % Marine 8 (7) Casualty 50 (51) Regions Special lines Europe 10 (9) 69 (72) in % Americas 11 (13) Asia/Pacific 10 (6) The Munich Re Group Renewals

  6. Slide 6: Property: Overview of pricing

    Lines of business/Regions Property Overview of pricing The market is… Munich Re is … Europe ƒ Showing stable to slightly ƒ Decreasing portfolio by softening rate levels for 2% and switching from non-loss-affected areas pro rata to XL and loss-affected areas up significantly Americas ƒ Showing stable

  7. Slide 7: Casualty: Changes in premium and pricing

    Lines of business/Regions Casualty Changes in premium in % 100 –10.7 –6.4 82.8 1.7 8.7 6.4 99.6 100 Including RSA: 92.6% 75 Increase on renewed: 2.0% 50 25 0 Total Cancelled Pending Renewed Increase New Pending Estimated renewable on business outcome January renewable 2005 The Munich Re Group Renewa

  8. Slide 8: Casualty terms and conditions; Marine changes in premium

    Lines of business/Regions Casualty Overview of terms and conditions ƒ Workers' compensation: Further limitation of coverage for terrorism (limited reinstatements) ƒ Munich Re is resisting the softening trend in terms and conditions in the US The Munich Re Group Renewals 2005 15 February 2005 15 Line

  9. Slide 9: Marine: Overview of pricing and terms

    Lines of business/Regions Marine Overview of pricing The market is… Munich Re is….. Worldwide ƒ Showing generally risk- ƒ Optimising the in-force adequate rate levels book and ƒ Increasing pressure on ƒ Growing in selected XL rates compensated areas with risk-adequate by hurricane events returns (e.

  10. Slide 10: Aviation/Space: Changes in premium and pricing

    Lines of business/Regions Aviation/Space Changes in premium in % Increase on 100 –6.7 0.0 93.3 24.5 2.0 0.0 119.8 renewable mainly 125 driven by special additional treaty 100 75 Increase on renewed: 26.3% 50 25 0 Total Cancelled Pending Renewed Increase New Pending Estimated renewable on business ou

  11. Slide 11: Outlook April renewals: Rates in general risk-adequate

    Outlook 1 April renewals: Rates in general risk-adequate – Price increases in loss-affected lines Korea Japan ƒ Property: Stable renewal on prices ƒ Property: Major claims (five storms and terms and conditions; demand 2004) show need for continued for capacity remains high increases to include clima

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