MUNICH RE, Europe's largest re-insurance company said that it had taken its share in Germany's fourth largest bank, COMMERZBANK from 5% to 10.4%. The group thus becomes the bank's main shareholder, just ahead of the Italian insurance company GENERALLI and the group COBRA which each have close to 10%. In addition, MUNICH RE has announced an increase of its stake in the life-insurer NUERNBERGER BETEILIGUNG to close to 20% by purchasing shares from DEUTSCHE BANK, which retains 5%.