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%.

United States, Use of Funds

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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.

Strategy & planning, Management dynamics, Securities issued, listed, Management, Planning, Company business management, Company securities, Company business planning

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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.

Asset sales & divestitures, Mergers, acquisitions and divestments, Abstract

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