Munich Reinsurance Company

Munich Reinsurance Company (Munich Re) is the world's largest reinsurance company and a leading global provider of reinsurance, primary insurance, and insurance-related risk solutions. Founded in 1880 by Carl von Thieme, Wilhelm von Finck, and Theodor von Cramer-Klett, the German multinational corporation has maintained its headquarters in Munich for over 140 years. Munich Re operates through three main business segments: Reinsurance (covering life, health, property, casualty, transport, aviation, space, fire, and engineering risks), ERGO (primary insurance operations), and MEAG (capital investment management). The company's extensive global footprint spans over 50 countries with more than 50 business units, employing 43,584 people worldwide as of December 2024. Munich Re achieved exceptional financial performance with a consolidated result of €5.67 billion in 2024, equity of €32.8 billion, and a robust solvency ratio of 287%. The company's reinsurance arm generated over €40 billion in revenue in 2024, with property & casualty reinsurance contributing €28.3 billion and life & health reinsurance adding €11.8 billion. As a publicly traded company listed on the DAX index and Euro Stoxx 50, Munich Re has consistently ranked #1 in the Top 50 Global Reinsurance Groups since 2010. The company's unique expertise in risk assessment enables it to cover extraordinary risks ranging from rocket launches to renewable energy projects and cyberattacks, positioning it as an indispensable partner in managing global risk landscapes and supporting economic stability through innovative insurance solutions.