Allianz, Munich Re To Pare Back Cross-Holdings
Article Abstract:
Allianz AG and Munich Re said they will reduce cross-shareholdings from 25 to 20%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Munich Re's new road map could reawaken sleepy shares: cautious reinsurer aims to boost agility, unleash "horsepower"
Article Abstract:
A tightening of risk controls and improved monitoring of underwriting may increase Munich Reinsurance Co.'s value; the firm's shares are currently sitting at $174.15. Although profits are up, Munich Re has not seen share prices increase due to debt and weak pursuit of new business.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Munich Re, Allianz swap holdings in strategic move to clarify structure
Article Abstract:
Munich Re agreed to swap shareholdings with Allianz AG. The agreement will simplify the structures of both companies without affecting liquidity. Munich Re took a 6.5% stake in Ergo Versicherungsgruppe AG and a 6.9% of American Re Corp. in return for a 15.6% stake in Allianz of America and 3.9% of Allianz Lebensversicherungs AG. Munich Re now has a 60.6% stake in Ergo, and Allianz takes over Allianz of America and owns the majority of Allianz Lebensversicherung.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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