Munich Re is to get insurance business in the East Europe and Asia
24 September 2008German reinsurance company Munich Re pays attention to sharp changes in insurance and reinsurance branch, comparing situation in market with the period after acts of terrorism on September, 11th, in the USA.
As “Deutsche Welle” transfers, in 2009 Munich Re predicts 2% growth of tariffs on insurance and reinsurance services. Since this moment tariffs will only continue to grow, the period of depreciation of services of insurance is already behind.
Serious fears in branch were caused with news about actual nationalization of American corporation AIG. Last week the USA Federal Reserve System of the USA has given to the reeled world leader $85 billion.
During AIG’s re-structuring will have to get rid of essential part of actives.
Munich Re’s representatives have informed that AIG shows great interest to direction of industrial sector insurance in the East Europe and Asia.
Within the nearest years Munich Re is measured to receive stable net profit at the rate of not less than 3 billion euro. We shall remind, that the concern has finished 2007 year with record profit at the rate of 3,9 billion euro.
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