Reinsurance Leader, Munich American Re, Signals Continued Growth and Change for Group Department and Strategic Initiatives

Atlanta, -- July 31, 2008 -- Munich American Reassurance Company, one of the leading life and living benefits reinsurance companies in the United States, announced the appointments of Stephen Rulis as Vice President - Group and Thomas Penn-David as Vice President - Business Development, effective August 1, 2008.

Mr. Rulis headed Munich American's Group Actuarial area for the last five years. In this role, he was responsible for financial management of the group reinsurance portfolio and for pricing and product support for group life insurance, disability and credit products. In 2007, Mr. Rulis was appointed President of MARCo, a South Carolina captive insurance company that allows Munich American to reinsure certain types of casualty insurance such as Involuntary Unemployment Insurance.

Mr. Penn-David has assumed a variety of roles in his 25-year career at Munich American. He will be moving from Vice President - Group to the newly created business development position. Mr. Penn-David will provide support and expertise to the Life, Group and Living Benefits departments in the growth and enhancement of Munich American's business offerings.

“Over the last 18 months, Munich American has been engaged in an exciting process of revitalization and change,” said Lloyd Steinke, Executive Vice President. “We have ambitious goals to grow our business and better serve our clients. Across the company we are working to increase capacity, broaden product offerings, strengthen technical capabilities and enhance the value we bring to our clients. With Steve and Tom in these new roles, Munich American is well-positioned to achieve our goals, in the Group department and across the enterprise.”

About Munich American

Munich American Reassurance Company, founded in 1959, is one of the largest reinsurers in the U.S. offering life, disability and long term care reinsurance to insurance companies throughout the United States. The company also writes group, credit and other reinsurance products. Headquartered in Atlanta, with an office in Chicago, Munich American is licensed, accredited or authorized in all fifty states; Washington, D.C.; Guam; and Puerto Rico. The company is a member of the Munich Re Group which operates in all lines of business, with around 37,000 employees at over 50 locations throughout the world. With premium income of around €22bn from reinsurance alone, it is one of the world's leading reinsurers.