World Insurance Report
Munich Re/Ergo deal
Munich Re has increased its holding in Ergo Versicherungsgruppe to 91.7%, surpassing the earlier provisional published figure of 90.1%.
The HVB group (HypoVereinsbank), which is allied to
Munich Re, holds a further 5% of Ergo, leaving 3.3% in the hands of shareholders. Until its recent friendly bid, the reinsurer held
62.9% of Ergo.