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.
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.
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