Munich Re Group

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a group operating in Germany's financial services sector that is known mainly for reinsurance, that is, the business of taking over part of the risks underwritten by insurance companies. Its shares trade on the Xetra platform in Frankfurt under the ticker MUV2; it appears in the Lzzo.com catalogue under the symbol MUV2.DE.

The group's operations rest on two pillars. On the reinsurance side, it takes over life and health as well as property and casualty risks from insurers in different regions; it also provides cover in specialist areas such as natural catastrophes, marine, aviation and cyber risk. In its primary insurance arm, it offers life, health and property insurance products to individuals and businesses under the ERGO brand. The investment portfolio, built from accumulated premium reserves, is managed by the group's asset management unit, MEAG.

Those following a reinsurance stock generally track periods of large losses, especially natural catastrophe seasons, pricing conditions during contract renewal rounds, the effect of the interest rate environment on investment income, and the Solvency II capital rules in Europe. The Munich Re page on Lzzo.com shows the shares on a US dollar basis; the value can optionally be converted into Turkish lira, euros or pounds sterling. The page also includes a historical price chart, technical indicators, and the source of the data and when it was updated.