Joachim Wenning - Muenchener Rueckver Member of the Management Board

MURGY Stock  USD 12.56  0.06  0.48%   

Executive

Dr. Joachim Wenning is Chief Executive Officer, Member of the Management Board at Muenchener Rueckversicherungs Gesellschaft AG effective April 27, 2017. He was Member of the Management Board at the Company in Muenchen from January 1, 2009 to April 27, 2017. He is responsible for the Life division. In addition, he acts as Member of the Reinsurance Committee of the Company. After obtaining a degree in Economics at LudwigMaximiliansUniversitaet Muenchen, he joined the Company in 1991, where he worked as a treaty specialist with technical responsibility for life reinsurance clients in Germany until early 1997. Parallel to this, Dr. Wenning wrote his doctoral thesis, for which he was awarded the degree of Dr. oec. publ. in 1995. At the beginning of 1997, Dr. Wenning transferred to the Group company HamburgMannheimer VersicherungsAG in Hamburg for twoandahalf years, during which he implemented a number of strategic projects aimed at realigning marketing and sales. Following his return from Hamburg, Dr. Wenning headed the department Life Reinsurance Latin America, Southern Europe and the Middle East from mid2000 onwards, where he was responsible for life reinsurance business in these countries. Following his appointment in May 2005 to the position of Chief executive Officer of New Re, Geneva, Dr. Wenning became responsible for the company strategic development, with an expanded mandate for financial solutions in life and health reinsurance and for financial institutions business, and oversaw the establishment of New Re Bermuda and Zurich. since 2017.
Age 58
Tenure 8 years
Professional MarksPh.D
Phone49 89 38 91 0
Webhttps://www.munichre.com

Muenchener Rueckver Management Efficiency

Muenchener Rueckver's management efficiency ratios could be used to measure how well Muenchener Rueckver manages its routine affairs as well as how well it operates its assets and liabilities.
Muenchener Rueckver Ges has accumulated 6.36 B in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Muenchener Rueckver Ges has a current ratio of 0.4, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Muenchener Rueckver until it has trouble settling it off, either with new capital or with free cash flow. So, Muenchener Rueckver's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Muenchener Rueckver Ges sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Muenchener to invest in growth at high rates of return. When we think about Muenchener Rueckver's use of debt, we should always consider it together with cash and equity.

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Mnchener Rckversicherungs-Gesellschaft Aktiengesellschaft in Mnchen engages in the insurance and reinsurance businesses worldwide. The company was founded in 1880 and is based in Munich, Germany. Muenchener operates under InsuranceReinsurance classification in the United States and is traded on OTC Exchange. It employs 40177 people. Muenchener Rueckver Ges [MURGY] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Muenchener Rueckver Ges Leadership Team

Elected by the shareholders, the Muenchener Rueckver's board of directors comprises two types of representatives: Muenchener Rueckver inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Muenchener. The board's role is to monitor Muenchener Rueckver's management team and ensure that shareholders' interests are well served. Muenchener Rueckver's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Muenchener Rueckver's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joachim Wenning, Member of the Management Board
Markus Riess, Member of the Management Board
Christoph Jurecka, CFO, Member of the Management Board
CFA CFA, Chief Board
Soobum Lee, Head Operation
Achim Kassow, Member Board
Thomas Blunck, Member of the Management Board, Member of Group Committee and Member of Reinsurance Committee
Doris Hopke, Labour Management
Torsten Jeworrek, Member of Management Board and Chairman of Reinsurance Committee
Stefan Golling, Member Board

Muenchener Stock Performance Indicators

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