While most major German insurance brands focus on the domestic retail market, Münchener Rückversicherungs-Gesellschaft AG (Munich Re) sets itself apart as a leading global reinsurer.
As a reinsurer, Munich Re provides wholesale insurance to other insurers rather than directly to consumers. It assumes portions of the risk from primary insurers to enable them to underwrite policies.
Operating since 1880, the Munich-based company today is the world’s largest reinsurer, carrying risks across all lines of P&C and life/health insurance. With a presence in 30+ countries, Munich Re insures the global insurance industry itself.
Type: Public company
Founded: 1880
Headquarters: Munich, Germany
Products: Reinsurance for a wide range of insurance lines
Market share: One of the world’s leading reinsurers, with a strong presence in Germany
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