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
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
