Is Munich Re part of Allianz?
Starting from 1940 the company was involved in Allianz’ insurance business with the SS: Munich Re served as reinsurance company for contracts insuring the barracks and operations in the concentration and extermination camps Auschwitz, Buchenwald, Dachau, Neuengamme, Ravensbrück, Sachsenhausen and Stutthof.
What is Munich Re Ergo?
Munich Re is a leading global reinsurer, providing products that range from traditional reinsurance to solutions for risk assumption. Meanwhile, its primary insurance operations are concentrated in the ERGO Group AG, which is represented worldwide in 26 countries, though it focuses on Europe and Asia.
What type of insurance is Munich Re?
primary insurance
We are one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world. Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance.
How large is Munich Re?
(Munich Re US) is one of the largest reinsurers in the U.S. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the U.S. Munich Re US has earned the A+ (Superior) financial strength rating from A.M. Best Company, among the highest ratings in the industry.
Why choose Munich Re?
We believe in a healthy balance. We offer various options to help employees build their careers in line with their personal life. We provide training, programmes, and mentoring for employees to enhance their skills and knowledge. We offer competitive benefits packages and incentives across our different businesses.
Why do insurance companies reinsure?
Insurers purchase reinsurance for four reasons: To limit liability on a specific risk, to stabilize loss experience, to protect themselves and the insured against catastrophes, and to increase their capacity.
Is Munich Re a big company?
Munich Re Group is one of the world’s leading risk managers. Founded in 1880 in Germany, the company is now active on a global scale. Munich Re has held the number 1 spot in the Top 50 of global reinsurance groups since 2010, except for 2017.