Munich Re shows commitment to primary insurer ERGO

The group has set ERGO a profit target of more than €900mn by 2012, which would represent an increase of 90% from 2006

Munich Re’s chief executive Nikolaus von Bomhard devoted much of his group’s recent Investors’ Day presentation to explaining the importance of primary insurer ERGO to the group’s prospects, countering market speculation that the Munich Re Group may dispose of its primary insurance subsidiary.