MUNICH RE: Short-term focus on business opportunities | BUY - Top Picks | EUR255(+7%)
MUNICH RE - BUY - Top Picks | EUR255(+7%)Short-term focus on business opportunities
Better-than-expected Q2 performance, driven by low non-Covid related events and Ergo
No annual share buy-back despite a very strong solvency…
… as the company intends to capture business opportunities
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.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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