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 14.33 years. total yearly compensation is €5.88M, comprised of 39.6% salary and 60.4% bonuses, including company stock and options. directly owns 0.013% of the company’s shares, worth €5.80M. The average tenure of the management team and the board of directors is 3.6 years and 9.1 years respectively.
Key information
Joachim Wenning
Chief executive officer
€5.9m
Total compensation
| CEO salary percentage | 39.6% |
| CEO tenure | 14.3yrs |
| CEO ownership | 0.01% |
| Management average tenure | 3.6yrs |
| Board average tenure | 9.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | €3b |
| Dec 31 2022 | n/a | n/a | €3b |
| Sep 30 2022 | n/a | n/a | €3b |
| Jun 30 2022 | n/a | n/a | €3b |
| Mar 31 2022 | n/a | n/a | €3b |
| 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 ($USD6.33M) is above average for companies of similar size in the BG market ($USD4.12M).
Compensation vs Earnings: Joachim's compensation has been consistent with company performance over the past year.
CEO
Joachim Wenning (57 yo)
14.3yrs
Tenure
€5,875,750
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 | 14.3yrs | €5.88m | 0.013% € 5.8m | |
| CFO & Member of Management Board | 4.3yrs | €4.12m | 0.0054% € 2.5m | |
| Member of Management Board | 17.6yrs | €2.66m | 0.0037% € 1.7m | |
| Head of Economics | 7.7yrs | €4.11m | 0.0054% € 2.5m | |
| Chief Investment Officer & Member of Management Board | 4.2yrs | €2.86m | 0.0029% € 1.3m | |
| Labour Relations Director & Member of Management Board | 3yrs | €2.86m | 0.0020% € 936.4k | |
| Member of Management Board | 2.3yrs | €2.86m | 0.0021% € 973.5k | |
| Chief Executive Officer of Reinsurance Business | no data | €3.92m | 0.0048% € 2.2m | |
| 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 | |
| Member of Management Board | less than a year | no data | no data |
3.6yrs
Average Tenure
56yo
Average Age
Experienced Management: MUV2's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Honorary Chairman of the Supervisory Board | 10.3yrs | no data | no data | |
| Independent Member of Supervisory Board | 10.3yrs | €228.00k | no data | |
| Employee Representative Member of Supervisory Board | 14.1yrs | €106.00k | no data | |
| Independent Member of Supervisory Board | 4.1yrs | €106.00k | no data | |
| Independent Member of Supervisory Board | 7.1yrs | €106.00k | no data | |
| Independent Chairman of Supervisory Board | 4.1yrs | €378.00k | no data | |
| Independent Member of Supervisory Board | 5.8yrs | €237.00k | no data | |
| Independent Member of Supervisory Board | 9.1yrs | €121.00k | no data | |
| Independent Member of Supervisory Board | 6.3yrs | €137.00k | no data | |
| Employee Representative Member of Supervisory Board | 9.1yrs | €165.00k | no data | |
| Independent Member of Supervisory Board | 9.1yrs | €106.00k | no data | |
| Employee Representative Deputy Chair of Supervisory Board | 9.1yrs | €171.00k | no data |
9.1yrs
Average Tenure
65yo
Average Age
Experienced Board: MUV2's board of directors are considered experienced (9.1 years average tenure).