Munich Re is a German reinsurance company and has its headquarters in Munich, Germany, and is one of the global names in the industry.
Image: company website
The company has a staff of about 43000 employees across the globe who are highly qualified and motivated towards achieving sustained profitable growth for the company. The company offers services in all lines of insurance, which include Reinsurance, Primary Insurance, Munich Health and Asset Management.
Reinsurance unit provides solutions for complex risks for its customers. Munich Re is one of the world leaders in reinsurance sector and has a staff of about 12000.
This unit does business with more than 4000 corporate clients in more than 160 countries. The reinsurance unit is divided into five. The first division “Life” includes the international life business whereas the other four divisions are involved in the business of property-casualty reinsurance. ERGO Group AG is the main body under the Primary Insurance unit. The Group operates in over 30 countries but Europe and Asia are its main markets. Roughly 28000 employees work in ERGO unit and it serves about 35 million clients in over 30 countries. Both primary life and property casualty insurance services are provided under ERGO. The ERGO is further divided into three segments and includes Life and Health Germany, Property-casualty Germany and International.
Through the Munich Health brand the company offers its global health reinsurance services and also local insurance companies in managing its cost and quality control services. It has over six million clients in primary insurance and about 400 in reinsurance. About 3000 employees work in Munich Health unit. Asset Management unit is managed by MEAG and includes over 100000 private investors and 50 institutional investors as its client base.