Münchener Rückversicherungs-Gesellschaft in München Management
Management criteria checks 3/4
Münchener Rückversicherungs-Gesellschaft in München's CEO is Joachim Wenning, appointed in Jan 2009, has a tenure of 14.75 years. total yearly compensation is €6.13M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €6.34M. The average tenure of the management team and the board of directors is 4 years and 9.5 years respectively.
Key information
Joachim Wenning
Chief executive officer
€6.1m
Total compensation
| CEO salary percentage | 39.6% |
| CEO tenure | 14.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 4yrs |
| Board average tenure | 9.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2023 | n/a | n/a | €3b |
| Mar 31 2023 | n/a | n/a | €3b |
| Dec 31 2022 | €6m | €2m | €3b |
| Sep 30 2022 | n/a | n/a | €4b |
| Jun 30 2022 | n/a | n/a | €4b |
| Mar 31 2022 | n/a | n/a | €4b |
| Dec 31 2021 | €6m | €2m | €3b |
| Sep 30 2021 | n/a | n/a | €2b |
| Jun 30 2021 | n/a | n/a | €2b |
| Mar 31 2021 | n/a | n/a | €2b |
| Dec 31 2020 | €6m | €2m | €1b |
| Sep 30 2020 | n/a | n/a | €1b |
| Jun 30 2020 | n/a | n/a | €2b |
| Mar 31 2020 | n/a | n/a | €2b |
| Dec 31 2019 | €6m | €2m | €3b |
| Sep 30 2019 | n/a | n/a | €3b |
| Jun 30 2019 | n/a | n/a | €2b |
| Mar 31 2019 | n/a | n/a | €2b |
| Dec 31 2018 | €6m | €2m | €2b |
| Sep 30 2018 | n/a | n/a | €3b |
| Jun 30 2018 | n/a | n/a | €641m |
| Mar 31 2018 | n/a | n/a | €646m |
| Dec 31 2017 | €5m | €1m | €375m |
| Sep 30 2017 | n/a | n/a | €336m |
| Jun 30 2017 | n/a | n/a | €2b |
| Mar 31 2017 | n/a | n/a | €3b |
| Dec 31 2016 | €3m | €615k | €3b |
Compensation vs Market: Joachim's total compensation ($USD6.43M) is above average for companies of similar size in the Belgian market ($USD3.30M).
Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.
CEO
Joachim Wenning (58 yo)
14.8yrs
Tenure
€6,126,750
Compensation
Dr. oec. publ. Joachim Wenning joined Münchener Rückversicherungs-Gesellschaft AG (“Munich Re”) in 1991, where he worked until early 1997 as a treaty specialist with technical responsibility for life reins...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board | 14.8yrs | €6.13m | 0.013% € 6.3m | |
| CFO & Member of Management Board | 4.8yrs | €4.29m | 0.0055% € 2.8m | |
| Member of Management Board | 18yrs | €2.77m | 0.0037% € 1.9m | |
| Chief Investment Officer & Member of Management Board | 4.6yrs | €2.98m | 0.0029% € 1.5m | |
| Labour Relations Director & Member of Management Board | 3.4yrs | €2.98m | 0.0020% € 1.0m | |
| Member of Management Board | 2.8yrs | €2.98m | 0.0021% € 1.1m | |
| Member of Management Board | less than a year | €1.60m | no data | |
| Chief Executive Officer of Reinsurance Business | no data | €4.09m | 0.0049% € 2.4m | |
| Head of Economics | 8.1yrs | €4.11m | 0.0055% € 2.8m | |
| Member of Management Board | less than a year | no data | no data | |
| Head of the Operation | no data | no data | no data | |
| Member of Management Board | less than a year | no data | no data |
4.0yrs
Average Tenure
57yo
Average Age
Experienced Management: MEURV's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Honorary Chairman of the Supervisory Board | 10.8yrs | no data | no data | |
| Independent Member of Supervisory Board | 10.8yrs | €246.00k | no data | |
| Employee Representative Member of Supervisory Board | 14.5yrs | €111.00k | no data | |
| Independent Member of Supervisory Board | 4.5yrs | €110.00k | no data | |
| Independent Member of Supervisory Board | 7.5yrs | €111.00k | no data | |
| Independent Chairman of Supervisory Board | 4.5yrs | €417.00k | no data | |
| Independent Member of Supervisory Board | 6.3yrs | €260.75k | no data | |
| Independent Member of Supervisory Board | 9.5yrs | €128.75k | no data | |
| Independent Member of Supervisory Board | 6.8yrs | €146.50k | no data | |
| Employee Representative Member of Supervisory Board | 9.5yrs | €180.00k | no data | |
| Independent Member of Supervisory Board | 9.5yrs | €111.00k | no data | |
| Employee Representative Deputy Chair of Supervisory Board | 9.5yrs | €181.25k | no data |
9.5yrs
Average Tenure
66yo
Average Age
Experienced Board: MEURV's board of directors are considered experienced (9.5 years average tenure).