Muenchener Rueckversicherungs-Gesellschaft AG

Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.
  • TickerMUV2
  • ISINDE0008430026
  • SectorNonlife Insurance
  • CountryGermany
Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : Motor insurance is the biggest winner from the lockdown!

>Major contribution from motor insurance in Europe - Motor insurance is a key business segment for all P&C insurance groups in Europe. In terms of revenues, motor insurance accounted for 35.6% of total P&C premiums in Europe at end-2018. As we can see from chart 1, between 2004 and 2018, the weight of the segment has been largely stable in France (35.2% at end-2018) and in Germany (39.5%). Despite the decline seen in the last few years in Italy (53.4%) and the UK (20....

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : L’assurance automobile a été le grand gagnant du confinement!

>Un poids important de l’assurance auto en Europe - L’assurance auto est une activité extrêmement importante pour l’ensemble des acteurs de l’assurance dommages en Europe. En termes de ventes, les primes en assurances auto représentaient 35.6% des primes dommages en Europe à fin 2018. Comme le montre le graphique 1, entre 2004 et 2018, le poids de cette activité est resté quasiment stable en France (35.2% à fin 2018) et en Allemagne (39.5%). Malgré la baisse observée ...

Alfred Glaser ...
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2020

...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Hana Jomni
  • Harald Eggeling
  • Haythem BOHLI
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/09/2020

...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Jérôme VINERIER

Short term view - MUENCHNER RUECK : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €195.16. Breaking below the support at €175.01 would invalidate the trend.

Jérôme VINERIER

Analyse court terme - MUENCHNER RUECK : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 195,16 €. La rupture du support à 175,01 € invaliderait cette tendance.

Jérôme VINERIER

Analyse court terme - MUENCHNER RUECK : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 195,16 €. La rupture du support à 175,01 € invaliderait cette tendance.

Jérôme VINERIER

Short term view - MUENCHNER RUECK : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at €195.16. Breaking below the support at €175.01 would invalidate the trend.

Valérie GASTALDY

Medium term view - MUENCHNER RUECK : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €162.50.

Munchener Ruckversicherungs AG: 1 director bought

A director at Munchener Ruckversicherungs AG bought 169 shares at 226.800EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. Th...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : Motor insurance is the biggest winner from the lockdown!

>Major contribution from motor insurance in Europe - Motor insurance is a key business segment for all P&C insurance groups in Europe. In terms of revenues, motor insurance accounted for 35.6% of total P&C premiums in Europe at end-2018. As we can see from chart 1, between 2004 and 2018, the weight of the segment has been largely stable in France (35.2% at end-2018) and in Germany (39.5%). Despite the decline seen in the last few years in Italy (53.4%) and the UK (20....

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker

ODDO : L’assurance automobile a été le grand gagnant du confinement!

>Un poids important de l’assurance auto en Europe - L’assurance auto est une activité extrêmement importante pour l’ensemble des acteurs de l’assurance dommages en Europe. En termes de ventes, les primes en assurances auto représentaient 35.6% des primes dommages en Europe à fin 2018. Comme le montre le graphique 1, entre 2004 et 2018, le poids de cette activité est resté quasiment stable en France (35.2% à fin 2018) et en Allemagne (39.5%). Malgré la baisse observée ...

Olivier Pauchaut

Financials & Fintech | Coface and Scor are our preferred equity stories

Financials & Fintech | Coface and Scor are our preferred equity stories A new “Conviction Buy” on Coface and Scor Munich Re downgraded to Neutral, Hannover Re upgraded to Buy New target prices

Research Department

INFORME DIARIO 08 SEPTIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ALMIRALL, DIA, FCC, GRIFOLS, IAG, MEDIASET, REPSOL, TELEFÓNICA. EUROPA: AB INBEV, MUNICH RE, VIVENDI. Europa en positivo con EE.UU cerrado Jornada positiva en Europa con subidas en torno al 2%. Así en el Euro STOXX todos los sectores cerraron en positivo menos Viajes&Ocio, con Autos y Utilities liderando las ganancias. Por el lado macro, en la Eurozona el índice Sentix de septiembre mejoró más de lo esperado aunque continúa lejos del nivel pre Covid-19. Por otro lado, R. Unido advertirá hoy a la UE que el acuerdo de Brexit debe ser ree...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO : A marked increase in COVID-related charges in Q2, but additional costs anticipated for H2

>COVID charge increased four-fold at end-June (vs end-March) - The H1 accounts of insurance stocks were naturally marked by claims related to COVID-19, as well as the effects of the financial crisis. For all of the stocks in our coverage, COVID-related claims (excluding the favourable effect of automotive claims, but also without the impact of solidarity measures) totalled € 9.3bn at end-June, a marked increase vs end-March (€ 2.3bn). Whilst at end-March the COVID cha...

Alfred Glaser ...
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Harald Eggeling
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2020

...

Alain William ...
  • Alfred Glaser
  • Anis Zgaya
  • Anthony Dick
  • Benoit Valleaux
  • Chaima Ferrandon
  • Delphine Brault
  • Emna Ben Bdira
  • Florent Laroche-Joubert
  • Hana Jomni
  • Harald Eggeling
  • Haythem BOHLI
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nadine El Ouni
  • Nour El Houda Hammami
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Slim Bouasker
  • Sven Edelfelt
  • Syrine Kabboura
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/09/2020

...

Amira Manai ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Hana Souissi
  • Jeremy Garnier
  • Maissa Keskes
  • Martin Marandon-Carlhian
  • Nada Afli
  • Nadine El Ouni
  • Nicolas David
  • Nicolas Thorez
  • Nour El Houda Hammami
  • Oussema Denguir
  • Roland Pfaender,MBA,CFA,CCRA
  • Salma Bouraoui
  • Slim Bouasker
  • Stephane Houri
  • Thomas Renaud

ODDO BHF Small & MIDCAP MORNING NEWS - 11/09/2020

...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/01/2020

...

Benoit Valleaux ...
  • Roland Pfaender,MBA,CFA,CCRA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/09/2020

...

For MUENCHENER RUCK., the environment deterioration entails a downgrade to Neutral

MUENCHENER RUCK. (DE), a company active in the Reinsurance industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date September 8, 2020, the closing price was EUR 244.10 and its expected value was estimated at EUR 237.31.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Munich Re – AGM 29 April 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the German Law to Mitigate the Consequences of the COVID-19 Pandemic. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by way of postal voting, particularly via electronic communication, or by granting authorisation to the proxies designated by the Company or other proxies.   In line with German law, the auditor of an insurance company like Munich Re is not appointed by the AGM but by the Supervisory Board.   Item 2: In view of...

Expert Corporate Governance Service (ECGS)

Muenchener Rueckversicherungs-Gesellschaft AG (Munich Re) - AGM 30 April 2019

General: In line with German law, the auditor of an insurance company like Munich Re is not appointed by the AGM but the Supervisory Board.  Item 5f: We recommend to oppose the re-election of Prof. Dr. Ursula Gather to the Supervisory Board due to concerns over aggregate time commitments.

Munich – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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