Munich Re – A Leader in US Life Reinsurance

 

Munich American Reassurance Company at a glance:

- Founded: 1959
- Headquarters: Atlanta, Georgia
                             Offices in Chicago, Illinois
- Licensed, accredited or authorized in all 50 states, Washington, D.C., Guam, and Puerto Rico.

 

Key Financial Information - as of 12/31/2010

- Gross reinsurance in force:  $775 Billion
- Net Admitted Assets: $6.3 Billion
- RBC Ratio: 524% authorized control level

 

Agency Ratings:

     A.M. Best:  A+ (Superior) - Stable
                        Affirmed 10/27/2011

     Moody's:    Munich Re only:  Aa3 (Excellent) - Stable
                        Confirmed 12/9/2010

     Standard & Poor's: AA- (Very Strong) - Stable
                         Confirmed 11/22/2008

 

Codes & Identifying Numbers

• AMB Number: 6746
• NAIC Group Code: 0361
• NAIC Company Code: 66346
• Employer ID Number: 58-0828824

 

Risk Based Capital Agreement

Munich Re and Munich American Reassurance Company have entered into an agreement whereby Munich Re guarantees to the Commissioner of Insurance in the State of Georgia that Munich American Reassurance Company will always have Risk Based Capital of 300% of the authorized control level.

A Brief History of Munich Re

It all started on a small scale in April 1880: two rooms, four staff members, standing desks, oil lamps, no telephone. But behind this modest new business lay a great idea. The founding of Munich Reinsurance Company heralded the onset of a new reinsurance era. Carl Von Thieme’s aim was to achieve success with a company that was independent of insurers, had a broad spread of risk and an efficient system of reinsurance treaties, and remained very close to its clients. The idea worked. Within a few years, Munich Re had become a world leader in its field and has continued to play an important role in shaping the insurance industry up to the present day. However, there have been some serious setbacks on the way – Munich Re has had to cope with large loss events, two world wars and upheaval in the financial markets, but has emerged from all of these crises and surged ahead again with renewed strength and ideas.

From a four-man business to one of the world’s leading risk carriers – a company story that has never been low on excitement.  For more information on the history of Munich Re, click here: » 130 Years Munich Re