Munich Re predicts growth

Munich Re expects its premiums to increase by over 7% to Euro 33bn this year. Chairman Dr Hans-Jürg...

Munich Re expects its premiums to increase by over 7% to Euro 33bn this year.
Chairman Dr Hans-Jürgen Schinzler told today's AGM that growth among the group's reinsurers was being driven mainly by life business. He said Munich Re would be expanding its life business strongly in the UK and Canada.
Munich Re restructured its reinsurance business on 1 July into seven operating divisions, four organised by region and three with cross-regional functions.
Shareholders at the AGM approved a dividend of Euro 1.25 for 2000, up from Euro 0.95 in 1999. Since January 2000 Munich Re's share price has risen by around 30%.
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