1、2000Munich Re Group Annual ReportMMnchener RckMunich Re GroupSEEING THE WHOLE PICTUREMunich Re GroupAnnual ReportSEEING THE WHOLEPICTUREA new view of thewhole picture:of anincreasingly networked,ever-smaller world,inwhich bigger and biggerchallenges are awaitinginnovative solutions.JANUARYNo losses
2、for the Munich ReGroup caused by the datechangeover from 1999 to 2000.ITERGO commences oper-ations as the central IT serviceprovider in the ERGO Group.FEBRUARYMunich Re converts its par-value shares into no-par-valueshares.MARCHRating agency Standard&Poors reaffirms its top rating of AAA for Munich
3、Re.APRILSince 1st April MEAG has beenmanaging a large portion ofthe Munich Re Groups assets.ERGO reaches agreement withDeutsche Telekom on a jointventure:the creation of anInternet marketplace on whichERGO offers its insuranceproducts and MEAGs financialservices.Retroactively,with effect from1st Jan
4、uary,Munich Reacquires the majority of sharesin Alte Leipziger Europa;thisholding company has sizeableshareholdings in insurancecompanies in Central andEastern Europe.With effectfrom 1st July,ownership ofAlte Leipiziger is transferred toERGO.A good 90%of the portfolio ofAlte Leipziger Rck is assumed
5、by Munich Re.MAYMunich Re and Allianzannounce their intention toreduce their reciprocal share-holdings of 25%to around 20%by the end of 2003.Inaddition,shareholdings invarious jointly held companiesare to be restructured.Munich Re issues a bondexchangeable into Allianzshares.At its balance sheet con
6、ferenceand its analysts conference,Munich Re informs the publicabout the results of the busi-ness year 1999.JULYThe German Parliament passesthe Tax Reduction Act.The AGM authorizes the Boardof Management to buy backMunich Re shares up to a totalamount of 10%of the sharecapital.The Munich Re Group va