Munich Re: Amundi increases stake to 3.01 percent

Asset manager Amundi has increased its stake in Munich Re to 3.01 percent. According to voting rights notifications, the firm crossed the 3 percent threshold on August 13, up from 2.97 percent on August 11.

This increase in institutional holdings coincides with an insider transaction by Munich Re board member Michael Kerner, who purchased shares via a joint account on August 21. Such purchases by executives are often viewed by markets as a signal of confidence in the company’s internal performance planning.

Separately, Munich Re is expanding its cyber insurance capabilities. The company recently entered a definitive agreement to acquire the US-based cyber insurer At-Bay for a company value of 575 million US dollars, with the transaction expected to close in the first quarter of 2027.