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Munich Re
Munich Re Group or Munich Reinsurance Company () is a German Multinational corporation, multinational insurance company based in Munich, Germany. It is the world's largest reinsurance, reinsurer. ERGO Insurance Group, ERGO, a subsidiary of Munich Re, serves as the insurance, primary insurance arm of the Group. Munich Re's shares are publicly listed. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices. History In 1880 Carl von Thieme, a native of Erfurt who was the representative in Bavaria of his father's ''Thuringia'' insurance company, founded in Munich ''Münchener Rückversicherungs-Gesellschaft'' together with Wilhelm von Finck (co-owner of the Merck Finck & Co. bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz, Allianz Versicherungs-Gesellschaft in 1890 in Berlin. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck served as Chairman of the supervisory board until 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiengesellschaft
(; abbreviated AG ) is a German language, German word for a corporation limited by Share (finance), share ownership (i.e., one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni'') and South Tyrol for companies incorporated there. In the United Kingdom, the equivalent term is public limited company, and in the United States, while the terms "Incorporation (business), incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company". Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an acting part or shares, share, and ''Gesellschaft'', meaning company or society. English translations include ''share company'', or ''company limited by shares'', or joint-stock company. In German, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ergo Group
ERGO (ERGO Group) is a group of insurance companies owned by Munich Re. ERGO is one of the largest insurance groups in Europe. It operates in over 20 countries, especially in Europe and Asia. In Europe, ERGO claims to be number 1 in the health and legal expenses insurance segments, and in its home market of Germany it is among the market leaders. It has over 40,000 full-time employees. References External links * {{Authority control 1997 establishments in Germany Financial services companies established in 1997 Insurance companies of Germany Companies based in Düsseldorf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merck Finck & Co
The private bank Merck Finck A Quintet Private Bank, founded in 1870, is based in Munich and is also represented nationwide with a total of 10 locations. Since 2011, it has been a subsidiary of the Luxembourg bank KBL European Private Bankers (KBL), which was renamed Quintet Private Bank in January 2020. History Merck Finck was founded under the company ''Merck, Christian & Co.'' on 1 July 1870 by Adolf Karl Ludwig Christian and banker Heinrich Johann Merck. Other limited partners were the Darmstater Bank forerunner of the Danatbank and the entrepreneur Theodor von Cramer-Klett. By 1879, together with his brother August, who replaced the departing general Christian, the previous authorized representative Wilhelm von Finck already held a large part of the bank assets. As part of these changes, the bank was renamed ''Merck, Finck & Co.'' The core business of the bank was corporate financing and issuing corporate bonds. The bank was involved in the founding of companies such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilhelm Von Finck
Wilhelm von Finck (6 February 1848 – 4 April 1924) was a German entrepreneur and banker. Finck was a co-founder of the German companies Allianz and Munich Re. Life In Frankfurt am Main, he was a student at the Hasselsche Institut. He worked first for German company Bankhaus Philipp Nicolaus Schmidt. Since 1869 he worked for Nestle, Andreae & Co. in London and since 1870 for Merck Finck & Co. in Darmstadt. By 1879, together with his brother August Finck, who replaced the departing general Adolf Karl Ludwig Christian, the previous authorized representative Wilhelm von Finck already held a large part of the bank assets of Merck Finck & Co. Together with German entrepreneur Theodor von Cramer-Klett and Carl von Thieme he founded company Munich Re in April 1880. German company Allianz AG was founded in Berlin on 5 February 1890 by then director of the Munich Reinsurance Company (Munich Re) Carl von Thieme (a native of Erfurt, whose father was the director of Thuringia) and Wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bavaria
Bavaria, officially the Free State of Bavaria, is a States of Germany, state in the southeast of Germany. With an area of , it is the list of German states by area, largest German state by land area, comprising approximately 1/5 of the total land area of Germany, and with over 13.08 million inhabitants, it is the list of German states by population, second most populous German state, behind only North Rhine-Westphalia; however, due to its large land area, its population density is list of German states by population density, below the German average. Major cities include Munich (its capital and List of cities in Bavaria by population, largest city, which is also the list of cities in Germany by population, third largest city in Germany), Nuremberg, and Augsburg. The history of Bavaria includes its earliest settlement by Iron Age Celts, Celtic tribes, followed by the conquests of the Roman Empire in the 1st century BC, when the territory was incorporated into the provinces of Ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erfurt
Erfurt () is the capital (political), capital and largest city of the Central Germany (cultural area), Central German state of Thuringia, with a population of around 216,000. It lies in the wide valley of the Gera (river), River Gera, in the southern part of the Thuringian Basin, north of the Thuringian Forest, and in the middle of a line of the six largest Thuringian cities ('':de:Thüringer Städtekette, Thüringer Städtekette''), stretching from Eisenach in the west, via Gotha, Erfurt, Weimar and Jena, to Gera in the east. Together with Kassel and Göttingen, it is one of the cities with more than 100,000 inhabitants lying closest to the geographic centre of Germany. Erfurt is south-west of Leipzig, north-east of Frankfurt, south-west of Berlin and north of Munich. Erfurt's old town is one of the best preserved medieval city centres in Germany. The Gera (river), Gera is spanned by the Krämerbrücke, Merchants' Bridge (''Krämerbrücke''), one of the rare bridges with ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Von Thieme
Carl von Thieme (born 30 April 1844, Erfurt – died 10 October 1924, Munich) was a German banker. His father was the director of German insurance company ''Thuringia''. In 1880, he founded together with Wilhelm von Finck and Theodor von Cramer-Klett the German insurance company Munich Re, and in 1890 in Berlin was, with von Finck, co-founder of Allianz AG, a financial services company. Thieme was general director of Munich Re until 1922. Awards * 1914: Merit Order of the Bavarian Crown The Order of Merit of the Bavarian Crown () was an order of merit of the Kingdom of Bavaria established by King Maximilian Joseph I on 19 March 1808. The motto of the order is "Virtus et Honos" ('Courage and Honour'). The order was awarded in s ... References External links MunichRe: Carl von Thieme {{DEFAULTSORT:Thieme, von Carl 19th-century German businesspeople Businesspeople in insurance German company founders German bankers Businesspeople from Erfurt Allianz people ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurt Stock Exchange
The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel. With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany. The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. Trading venues Xetra and Börse Frankfurt Through its Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock Exchange. * Xetra is the refe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ERGO Insurance Group
ERGO (ERGO Group) is a group of insurance companies owned by Munich Re Munich Re Group or Munich Reinsurance Company () is a German Multinational corporation, multinational insurance company based in Munich, Germany. It is the world's largest reinsurance, reinsurer. ERGO Insurance Group, ERGO, a subsidiary of Munich .... ERGO is one of the largest insurance groups in Europe. It operates in over 20 countries, especially in Europe and Asia. In Europe, ERGO claims to be number 1 in the health and legal expenses insurance segments, and in its home market of Germany it is among the market leaders. It has over 40,000 full-time employees. References External links * {{Authority control 1997 establishments in Germany Financial services companies established in 1997 Insurance companies of Germany Companies based in Düsseldorf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reinsurance News
Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on ("cedes") some part of its own insurance liabilities to the other insurance company. The company that purchases the reinsurance policy is referred to as the "ceding company" or "cedent". The company issuing the reinsurance policy is referred to as the "reinsurer". In the classic case, reinsurance allows insurance companies to remain solvent after major claims events, such as major disasters like hurricanes or wildfires. In addition to its basic role in risk management, reinsurance is sometimes used to reduce the ceding company's capital requirements, or for tax mitigation or other purposes. The reinsurer may be either a specialist reinsurance company, which only undertakes reinsurance business, or another insurance company. Insurance companies that accept reinsurance refer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
