BlackRock boosts its stake in Munich Re as board member invests €198,000
Munich Re has seen notable changes in its shareholder structure this month. The world’s largest asset manager, BlackRock, has increased its stake in the reinsurance giant. Meanwhile, a board member made a significant personal investment in the company.
On January 19, BlackRock raised its voting rights in Munich Re from 7.69% to 8.01%. An extra 0.20% is held through financial instruments, bringing the total stake to 8.21%. This adjustment follows a group structure change reported between January 12 and 20. The firm now owns 10.47 million shares, including 10.26 million with direct voting rights and 207,595 via American Depositary Receipts (ADRs).
Between January 12 and 20, Munich Re also continued its share buyback programme. The company repurchased an additional 360,000 shares during this period. Since May 15, 2025, the total number of shares bought back under the programme has reached 3.04 million. On January 20, board member Mari-Lizette Malherbe acquired 379 shares at an average price of €520.40 each. The transaction amounted to nearly €198,000, reflecting her confidence in the company’s prospects.
BlackRock remains Munich Re’s largest shareholder, with a combined stake of 8.21%. The company’s ongoing share repurchase programme has now exceeded 3 million shares since mid-2025. These developments highlight continued investor interest in the reinsurer’s performance.
