Changes on Munich Re's Board of Management

In view of the forthcoming retirement of Christian Kluge and Karl Wittmann from the Board of Management at the end of 2006 (cf. press release of 21 July 2006), Munich Re's Supervisory Board decided at its regular meeting today on various changes in the Board of Management's distribution of responsibilities as from 1 January 2007. Mr. Georg Daschner will be taking charge of Eastern European reinsurance business and Corporate Communications (but not Investor Relations or Press), in addition to his existing business area of Northern Europe, Western Europe, Southern Europe and Latin America. On conclusion of the 2006/2007 renewals, Dr. Ludger Arnoldussen's responsibilities – currently Asia, Australasia, Africa – will be expanded by German reinsurance business.

Dr. jur. Heiner Hasford, who will be 60 next year, will by amicable agreement cease to be a member of Munich Re's Board of Management with effect from 28 February 2007, when he will retire. In nearly three decades with the company, Dr. Hasford has played a major part in shaping the development of the Munich Re Group. The Board of Management and the Supervisory Board thank him for his very successful work and his outstanding commitment. Dr. Hasford will continue to be available to Munich Re in an advisory capacity and will, among other things, also maintain the supervisory board memberships that he has assumed in the interest of the Munich Re Group.

Münchener Rückversicherungs-Gesellschaft
signed von Bomhard           signed Küppers