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In 1880, Carl von Thieme, a native of Erfurt, whose father was the director of Thuringia, founded Münchener Rückversicherungs-Gesellschaft together with Wilhelm von Finck (co-owner of the Merck Finck & Co bank) and Theodor von Cramer-Klett. This was followed by the founding of Allianz Versicherungs-Gesellschaft in 1890. Carl von Thieme was head of Munich Re until 1921, and Wilhelm von Finck served as Chairman of the supervisory board until 1924. Munich Re became renowned after the San Francisco earthquake of 1906 as the only insurer that remained solvent after paying out all the claims.

In 2015 the company's equity amounted to €31.0 billion. The group’s premium income for the year (gross premiums written) was €50.4 billion, with its consolidated result amounting to €3,122 million.[1]

In February 2010, U.S. investor Warren Buffett became Munich Re's largest single shareholder of the company.[3] As of December 2015 he reduced his holdings to less than 3 percent

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तल को बक्समा क्लिक गर्नुहोस

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