Headquartered in Munich, Germany, this company came into inception under the guidance of Carl von Thieme on 3rd April, 1880.
Started in a two room house with a staff of four, standing desks, oil lamps, no telephone to one of the leading risk carriers in the world, This company has experienced two world wars, the great depression and managed to emerge out of them with renewed strength and ideas. Munich Re is known for its innovative approach, client focus and stability. It operates through the following segments: Life Reinsurance, Property-Casualty Reinsurance, Life Primary Insurance, Health Primary Insurance, Property-Casualty Primary Insurance, Munich Health, and Asset Management with almost 43,000 employees throughout the world. Munich Re’s primary insurance mainly focuses on ERGO Insurance Group, Germany’s second-largest primary insurance group after Allianz AG. U.S. investor Warren Buffett is the Munich Re's largest single shareholder with 11.6 percent of the company.