Munich Reinsurance America (also called Munich Re America), formerly known as American Re-Insurance Corporation before September 2006,[1] is a major provider of property and casualty reinsurance in the United States. Munich Reinsurance America is a subsidiary of Munich Re. Founded in 1917, the company's headquarters are located in Princeton, New Jersey, with regional offices in San Francisco, Chicago, and New York. The company offers services that provide clients with protection from global disasters such as climate change.[2]
In 1948, American Re-Insurance purchased the American Reserve Insurance Company.[3] The American Reserve had itself integrated the American Phenix Corporation of New York in 1932 after the liquidation of American Phenix.[4]
Acquisitionedit
In 1996, Munich Re acquired American Re for roughly $3.8 billion. Additional funds were needed to expand reserves for casualty and asbestos policies.[5]
Divisionsedit
Reinsurance Division
Munich Re Specialty Insurance (MRSI) - Successor of the Specialty Markets Division
Corporate Insurance Partners
Affiliatesedit
Hartford Steam Boiler Inspection and Insurance Company (HSB)
American Modern Insurance Group
These divisions provide insurance in multiple sectors.
Referencesedit
^"American Re to Become Munich Re America Starting in Sept". Insurance Journal. 2006-08-03. Retrieved 2014-04-03.
^Sarah Veysey (2014-04-01). "Improved prevention measures kept 2013 flood losses in check: Munich Re". Business Insurance. Retrieved 2014-04-03.
^"American Phenix to Liquidate". pqasb.pqarchiver.com. Retrieved 2017-03-30.
^Oliver Suess (2012-10-17). . Bloomberg Businessweek. Archived from the original on October 23, 2012. Retrieved 2014-04-03.
January 01, 1970
munich, reinsurance, america, also, called, munich, america, formerly, known, american, insurance, corporation, before, september, 2006, major, provider, property, casualty, reinsurance, united, states, subsidiary, munich, founded, 1917, company, headquarters,. Munich Reinsurance America also called Munich Re America formerly known as American Re Insurance Corporation before September 2006 1 is a major provider of property and casualty reinsurance in the United States Munich Reinsurance America is a subsidiary of Munich Re Founded in 1917 the company s headquarters are located in Princeton New Jersey with regional offices in San Francisco Chicago and New York The company offers services that provide clients with protection from global disasters such as climate change 2 Munich Reinsurance AmericaFormerlyAmerican Re Insurance CorporationIndustryreinsuranceFounded1917HeadquartersPrinceton New JerseyArea servedNew JerseySan FranciscoChicagoNew York CitySubsidiariesMunich Re Contents 1 History 2 Acquisition 3 Divisions 4 Affiliates 5 ReferencesHistory editIn 1948 American Re Insurance purchased the American Reserve Insurance Company 3 The American Reserve had itself integrated the American Phenix Corporation of New York in 1932 after the liquidation of American Phenix 4 Acquisition editIn 1996 Munich Re acquired American Re for roughly 3 8 billion Additional funds were needed to expand reserves for casualty and asbestos policies 5 Divisions editReinsurance Division Munich Re Specialty Insurance MRSI Successor of the Specialty Markets Division Corporate Insurance PartnersAffiliates editHartford Steam Boiler Inspection and Insurance Company HSB American Modern Insurance Group These divisions provide insurance in multiple sectors References edit American Re to Become Munich Re America Starting in Sept Insurance Journal 2006 08 03 Retrieved 2014 04 03 Sarah Veysey 2014 04 01 Improved prevention measures kept 2013 flood losses in check Munich Re Business Insurance Retrieved 2014 04 03 United States Investor F P Bennett 2017 03 30 American Phenix to Liquidate pqasb pqarchiver com Retrieved 2017 03 30 Oliver Suess 2012 10 17 N America Has Biggest Rise in Weather Disasters Bloomberg Businessweek Archived from the original on October 23 2012 Retrieved 2014 04 03 Retrieved from https en wikipedia org w index php title Munich Reinsurance America amp oldid 1216949566, wikipedia, wiki, book, books, library,
