Introducing Munich Re Specialty

Munich Re has been a renowned reinsurer for over 140 years, handling risks worldwide across various types and complexities. With our steadfast risk management, financial stability, and deep client relationships, we’re recognized as trusted advisors globally.

What may not be widely known is the extensive range of specialty insurance solutions offered across the globe. Our comprehensive and reliable products and services meet an evolving risk landscape, backed by experts in claims, underwriting, and risk management. 

To develop a strategic and consistent plan for the growth of our specialty insurance businesses, an important diversifier among the Munich Re Group portfolio, a seat was added to Munich Re’s Board of Management in January 2023. It is my pleasure to lead our global specialty insurance division and represent this team on our board.

During the last 15 months, we have been deliberate and thoughtful to ensure this new division of our board makes the boldest impact, and several internal working groups have been set up to support this aim. As this work progressed, it became clear that to give our businesses more power, and to solidify our dedication to the market, a strong voice is needed.

Simplified access, strong financial backing 

Munich Re Specialty will continue to maintain a stable and dependable presence in the markets we serve by anticipating needs, pricing adequately, and building our portfolio responsibly. We will remain agile, fine-tuning solutions for evolving risks, and we will continue to build deep industry specialization — developing capabilities and solutions to support the needs of our customers and the market through a dynamic insurance landscape.

Same local, trusted partners 

Although the branding change will be noticeable in the market, rest assured that the same claims, underwriting, and risk management expertise that customers have come to rely on will remain locally dedicated and will be empowered to serve clients in the best way possible.

Over time, we believe customers will experience the benefits of this unified approach. The investments we have made will expand our ability to listen to the needs of customers — understanding their goals along their entire value chain — and seamlessly connect them with the right experts within our organization. 

We are laying the groundwork to help our customers and partners advance the success of their businesses, thereby building on our purpose to enable the progression of the global communities we serve.