Torsten Jeworrek - Muenchener Rueckver Chairman

MURGY Stock  USD 10.73  0.19  1.74%   

Chairman

Dr. Torsten Jeworrek is Member of the Management Board of Muenchener Rueckversicherungs Gesellschaft AG in Muenchen effective October 1, 2003. He is responsible for Reinsurance Development, Corporationrationrate Underwriting, Accounting as well as Controlling and Central Reserving for Reinsurance, Information Technology, Global Business Architecture and Geo Risks ResearchCorporationrate Climate Centre at the Company. Dr. Jeworrek is also Chairman of the Companys Reinsurance Committee. He studied Mathematics at Otto von Guericke Universitaet Magdeburg . After obtaining his Doctorate degree, he worked at the University for four years as Assistant Lecturer since 2003.
Age 62
Tenure 21 years
Professional MarksPh.D
Phone49 89 38 91 0
Webhttps://www.munichre.com
Jeworrek joined Muenchener RueckversicherungsGesellschaft AG in 1990 as Underwriter in the Operational Division Fire/Treaty. He spent one year spent at the Company’s MARC subsidiary in New York. He then held Management positions in the Operational Division Fire/Treaty and in Financial Reinsurance/Retrocession. In 2001 Dr. Jeworrek was made Head of Divisional Unit Netherlands, Nordic Countries, UK and Ireland.

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.

Similar Executives

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CHAIRMAN Age

Siddhartha SankaranSiriuspoint
42
James GibbonsRenaissancere Holdings
57
Kevin ODonnellRenaissancere Holdings
57
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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