Munich Re

Industry:	Insurance
Ranking:	Global 500
Revenues:	$64.8 Billion
Employees:	38,634

Description

The Munich Re Group operates worldwide, turning risk into value. In thefinancial year 2006, it achieved a profit of (euro)3,519m, the highest sincethe company was founded in 1880, on premium income of approximately (euro)37bn. The Group operates in all lines of business, with around 37,000employees at over 50 locations throughout the world and is characterised byparticularly pronounced diversification, client focus and earnings stability. With premium income of around (euro)22bn from reinsurance alone, it is one ofthe world's leading reinsurers. Its primary insurance operations are mainlyconcentrated in the ERGO Insurance Group. With premium income of almost (euro)17bn, ERGO is one of the largest insurance groups in Europe and Germany. It isthe market leader in Europe in health and legal expenses insurance, and 33million clients in 25 countries place their trust in the services and securityit provides. The global investments of the Munich Re Group amounting to(euro)177bn are managed by MEAG, which also makes its competence available toprivate and institutional investors outside the Group.

Munich American Reassurance Company, founded in 1959, is one of thelargest reinsurers in the U.S. offering life, annuity, accident & healthreinsurance to insurance companies throughout the United States. The companyalso writes asset-based, credit and other reinsurance products. Headquarteredin Atlanta, MARC also has an office in Chicago. MARC is licensed, accreditedor authorized in all fifty states; Washington, D.C.; Guam; and Puerto Rico.

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Risk Analyst - Non-Financial Risks New York , NY

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News Archive

Munich Re considers resuming share buybacks AP Online; 9/3/2009 German reinsurance company Munich Re AG expects more moderate growth in...considering the economic circumstances. Munich Re is the world's biggest reinsurance...of large losses or catastrophes. Munich Re also sells primary life, casualty... ...more

HSB and Munich Re America Introduce New Joint Employment Practices Liability Product. Biotech Week; 11/4/2009 ...EPL insurance program from HSB and Munich Re America is designed specifically...David Richardson, vice president, Munich Re America. "By combining the best of HSB's and Munich Re America's EPL products we can offer... ...more

Cairnstone, Inc. to Become Munich Re America Stop Loss, Inc. On January 1, 2010. Business Wire; 10/2/2009 ...announced that its name will change to Munich Re America Stop Loss on January 1...loss insurance, was acquired by Munich Re America in 2007. Cairnstone is part...Health, the organization under which Munich Re is offering its healthcare-sector... ...more