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Munich Re and Swiss Re return cash to their shareholders

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Magazine Issue: 
Reinsurance, a local market [3]
Magazine date: 
Dec 2013
Munich Re and Swiss Re have expressed their willingness to pay a portion of their cash to their shareholders. Profits announced by both reinsurers have surpassed expectations.

Image provided by Fotolia. Used with permission from Microsoft The small number of large-scale natural catastrophes during this year allows them to relieve some of their liquid assets. A programme for the purchase of Munich Re shares, worth nearly 1 billion EUR (1.3 billion USD), will be implemented. Swiss Re intends to pay a special dividend in case good results were maintained. Both reinsurers confirmed their annual objectives.

Tue, 31/12/2013 - 08:54

Source URL: https://www.atlas-mag.net/en/article/munich-re-and-swiss-re-return-cash-to-their-shareholders

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