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Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. |
| Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company—that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and 4 regional offices located in major cities throughout the United States. |
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Insurance for insurance companies. |
| That's a simple way to describe a complex business—a business that plays a significant role in the economies of our and other industrialized nations. We're shock absorbers for our clients. Without insurance, individuals and businesses would find it difficult to recover financially when disaster strikes. Without reinsurance, insurers simply couldn't offer this peace of mind. |
| Reinsurance helps protect insurers against unforeseen or extraordinary losses by allowing them to spread their risks. For example, a catastrophic fire at an industrial enterprise could financially devastate its insurer. With reinsurance, no single insurer finds itself saddled with a financial burden beyond its ability to pay. |
| Reinsurance can also help reduce a primary insurer's net liability on individual risks and maintain acceptable financial ratios. Just as a single large fire could cripple the industrial plant's insurer, a large number of relatively small losses could be equally devastating. |
| Insurance involves pricing a product whose actual cost-losses, in other words—will not be known until sometime in the future. Through reinsurance, insurers can reduce the impact of wide fluctuations in their loss experience, stabilizing the company's overall operating results. And finally, buying reinsurance allows insurers to grow by increasing the insurer's capacity for new business. |
| Add the impact of social, economic and regulatory environments to this picture and you can see that reinsurance is quite a dynamic business. |
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Management of Munich Reinsurance America, Inc. |
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Trust In A Strong Partner |
Addressing the key challenges of the future and working to devise cutting-edge solutions that render tomorrow’s world insurable – that is what we have been doing in the U.S. property/casualty reinsurance market since 1917. Our recipe for success: we anticipate risks early on and deliver solutions tailored to your needs, creating opportunities for you to achieve sustained profitable growth.
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Munich Re—Not If, But How |
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2011, the Munich Re Group achieved a profit of €0.71bn on premium income of around €50bn. |
| It operates in all lines of insurance, with around 47,000 employees throughout the world. With premium income of around €27bn from reinsurance alone, Munich Re is one of the world's leading reinsurers. |
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Custom Solutions To Support Your Business Strategy |
| Specialized solutions and niche products provided by our U.S. partners provide value-added support of your business strategy. The specialty products available from our affiliated primary insurance and reinsurance companies enhance our ability to design custom solutions to meet your risk transfer and risk management needs. |
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Tailor-made Solutions for Your Success |
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| We take a holistic approach to risk and develop individual solutions that anticipate your needs. Our pro rata and excess treaty and facultative reinsurance solutions are available directly or through brokers for: | ||
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Intelligent Solutions Provided By an Established and Financially Reliable Reinsurer |
| Reinsurance buyers and brokers have access to our wide spectrum of facultative certificate reinsurance solutions, including coverage in: |
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| Property and Casualty Certificate Features |
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Solution-oriented |
| Strong financial reliability, automatic pricing, access to expert underwriting, custom solutions, and a simple placement process. |
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| Property Facultative Programs |
| Programs can be created to cover only commercial property or expanded to include other lines of business including: |
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| Casualty Facultative Programs |
| Lines of business include: |
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| Simple and Efficient Placement |
| Submitting your facultative program reinsurance is easy and efficient with AutoFac®, our exclusive quotation, bordereau, and management information system. Through AutoFac® you can manage your entire book of property/casualty facultative program business and track your exposures online. |
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Practical Reinsurance Products |
| Our Specialty Lines team focuses on covering many of the unique risks you face. We possess many years of experience underwriting these specialized exposures, and are experts at translating your complex needs into practical reinsurance products that match your risk tolerance. |
| Ocean Marine |
| Marine, Hull (Bluewater and Brownwater), Cargo, Liability, Protection & Indemnity, and Offshore Energy liabilities. |
| Credit & Surety Credit |
| Trade credit insurance (domestic or export), Capital goods credit insurance (domestic and export), Consumer credit insurance |
| Surety |
| Performance bonds, Payment bonds, Maintenance bonds, Court bonds |
| Fidelity |
| Dishonesty disappearance and distraction, Computer crime |
| Political Risk |
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Client Services |
| Actuarial Services for Reinsurance Decision Support |
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| Catastrophe Exposure Management |
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| Claims Services |
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| Consulting services and seminars are available in the following areas: |
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| Dynamic Reinsurance Services |
| Our Dynamic Reinsurance Analysis (DRA) services can help you objectively assess the effectiveness of your reinsurance program. |
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| Underwriting Reviews |
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Unmatched Expertise |
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| Specialty Markets is the marketing and underwriting division of Munich Reinsurance America, Inc. that provides custom risk transfer solutions and niche products for self-insureds, alternative market entities, MGAs, MGUs and Program Administrators. | |
| Our clients include not only alternative market entities, such as risk retention groups, pools, trusts, reciprocals, and captives, but also managing general agents, managing general underwriters, and program administrators that provide specialized, niche insurance programs. Our deep understanding of insurance and reinsurance, coupled with our unmatched experience in the alternative market, assures that our clients receive superior service from our best-in-class professionals. | |
| Products | |
| Our customized, risk-transfer solutions may include both admitted and non-admitted insurance products, as well as reinsurance products. We support a broad range of coverages, including: | |
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Nontraditional Risk Structures |
| Specialty Markets provides highly effective risk-taking solutions for clients who manage risk through nontraditional structures. |
| Our team works to develop custom solutions for: |
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Adding Value |
| Alternative Market value-added services include: |
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| Specialty Markets |
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Adding Value |
| Insurance Program value-added services include: |
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Your expertise is medicine. Ours is risk management. That combination is a prescription for success. |
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| Healthcare is evolving from physician practices and other independent operations to systems that grow ever-larger and integrate diverse clinical operations. You need a partner who understands the growing complexities of the healthcare environment and has the tools and resources to help manage them. Our comprehensive insurance products and risk financing solutions address enterprise risk management and cover the gaps, enabling healthcare providers go about the business of saving and improving lives with greater confidence. | ||||||||
| Our Clients | ||||||||
| Our existing client base includes the following types of health care providers: | ||||||||
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| Our clients self-insure a relatively predictable, yet significant, layer of their risk. We want you to benefit from your good experience. In order for a risk to be considered, sufficient loss information for experience rating purposes is required. | ||||||||
| Our Capabilities | ||||||||
| Our team of professionals has extensive experience providing excess health care liability coverage for: | ||||||||
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We write professional liability on a claims-made basis. We offer support for other excess coverages such as automobile, general liability and others on an occurrence basis. We are pleased to support either single or "dual tower" structures. |
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| Additional limits and aggregate attachments may be available on selected risks. | ||||||||
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Adding Value |
| Medical Professional Liability value-added services include: |
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Comprehensive Solutions |
| Your insurance program requirements are unique. Our wide range of insurance products and our in-depth industry expertise allow us to craft programs that meet your specific needs. Whether you need a primary insurance program or umbrella insurance program (supported or unsupported), our dedicated client groups provide solutions through our affiliated, highly rated insurance companies. We work closely with you to develop underwriting guidelines, authorities, and procedures that reflect your strengths and experience. Our goal is to develop a long-term, mutually profitable relationship. We do this by cooperatively creating comprehensive solutions that balance your risk-taking appetite, financial objectives, and operating capacity. |
| We believe in partnering with the “best in the business,” which allows us to take an unbundled approach to your business that keeps you in control. Primary responsibility for your program’s claims administration, risk control, and underwriting remains with you, whether in-house or contracted by you to a third-party provider. Another important benefit of working together with Specialty Markets arises from our reinsurance roots: we do not have an independent insurance agency system that will compete with your business. |
| We prefer $10 million annualized gross written premium for supported casualty and multi-line packages, $5 million for unsupported umbrella business, and $5 million for property lines and professional liability lines. |
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| ISO Standard Lines |
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| Worker's Compensation |
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| Excess Liability Products |
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| Specialty and Professional Liability Lines |
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Fact Sheets |
| Following are PDF files for viewing/download: |
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Superior Reinsurance Capacity |
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| We offer superior reinsurance capacity to meet your risk transfer needs. We have over $4.7 billion in statutory surplus and $17.5 billion in high-quality assets to provide our clients with outstanding balance sheet strength, stability and the liquidity to pay claims promptly. Our financial strength is recognized by the leading rating agencies. | ||||||||||||||||||||
| With approximately 1,100 clients and $4.0 billion in annual gross written premiums in 2012, we are one of the largest reinsurers in the U.S. We have both the resources and broad risk appetite to deliver reinsurance and risk transfer solutions to help your company succeed. | ||||||||||||||||||||
| Selected Statutory Financial Data* (dollars in millions) |
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*Includes the combined results of Munich Reinsurance America, Inc., American Alternative Insurance Corporation, and The Princeton Excess and Surplus Lines Insurance Company |
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| Insurance Financial Strength/Claims Paying Ability Ratings | ||||||||||||||||||||
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Sharing Our Knowledge |
| We share our knowledge and risk expertise with clients and others in a variety of ways, including printed publications designed to inform and educate. Here, you will find a collection of the most recent publications with a focus on the U.S. reinsurance market. |
| Our Claim publications identify the relevant principles and leading court decisions governing a wide variety of claims topics. Our intent is to provide a framework insurers can use to analyze claims or threats they face. |
| Our state profiles are developed using top industry sources to compile facts and figures and summarize the key regulatory and industry issues and trends for various lines of business. Because of the proprietary nature of this information, these reports are reserved for clients and select others who may be looking to enter a new line of business or expand geographically. |
| Our underwriting publications are part of a broad base of intellectual capital designed to help client companies better understand and manage their risks. They describe the toughest challenges facing the industry today and the ways we are working to make them insurable. |
| In Research Spotlight you’ll find condensed versions of research papers that offer perspective and practical information on new and emerging risks. |
| Our client portal - connect.munichre.com - contains additional publications focusing on specific line-of-business information, analyses, and other relevant documents available exclusively to clients. |
| You can also visit Munich Re’s website to register for free access to more than 200 publications spanning a wide range of topics across the global risk landscapes. |
| Available Publications (on our Full Site) |
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Share Your Experience, Discover Your Talent, Develop Your Knowledge, Realize Your Potential |
| Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and 5 regional offices located in major cities throughout the United States. As a member of Munich Re's U.S. organization, we offer clients the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. |
| If your passion is to do exceptional things, and you are looking for a company that values your contributions, promotes value-oriented culture and rewards performance with opportunities for skill development and career advancement, then join our team. Experience a unique diversity of individual skills, challenging tasks, and what it means to always be a step ahead due to our ambitious and appreciative work environment. |
| Career Search |
| Search current open positions at several companies within Munich Re's U.S. organization, including Munich Reinsurance America, Inc., The Hartford Steam Boiler Inspection & Insurance Company (HSB) and MEAG, Munich Re's independent asset-management company. To search open positions throughout the Munich Re worldwide organization, visit Munich Re's International Job Market. |
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Contacts |
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Corporate Contacts |
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Reinsurance Contacts |
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Specialty Markets Contacts |
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