Changes on Munich Re's Board of Management

At its regular meeting today, Munich Reinsurance Company's Supervisory Board appointed Dr. Ludger Arnoldussen (44) to the Board of Management with effect from 1 October 2006. Up to now, he has been Chairman of the Board of Management of Swiss Re Germany AG, Munich.

Christian Kluge and Karl Wittmann, who have been members of the Board of Management since 1998, will be retiring on 31 December 2006.

Mr. Arnoldussen will share responsibility for Munich Re's Asia, Australasia, Africa Division with Mr. Wittmann as from 1 October 2006, and will be solely responsible for this division as from 1 January 2007.

Münchener Rückversicherungs-Gesellschaft
signed Dr. von Bomhard           signed Küppers