Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Aug 25, 2020

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Company Details
Address: 555 College Road East P.O. Box 5241
City: Princeton
State: NJ
ZIP Code: 08543
Phone Number: +1 (609) 243-4200
Website: https://www.munichre.com/us/property-casualty/home/index.html
Year Founded: 1880
AM Best Rating: A+
Company Rating 0 (0 reviews)

Things to Remember...

  • Munich Re America is a subsidiary of Germany-based Munich Reinsurance America
  • Munich Re offers reinsurance options for small to large insurance companies
  • Munich Re also provides traditional property and casualty insurance as well as health insurance

This Munich auto insurance review explores the U.S. subsidiary of Munich, Germany-based Munich Reinsurance America.

Munich Re America is one of the country’s largest property & casualty reinsurers.

Munich Re America offers treaty reinsurance and facultative reinsurance for small to large insurance companies.

The company does not offer auto insurance coverage.

Compare your existing auto insurance rates with new auto insurance quotes today. Learn how much you can save today by typing in your ZIP code now!

Munich Auto Insurance Overview

Munich Re America maintains 12 offices in the United States. The company has a proprietary sales agent workforce and also uses independent insurance agents and brokers to market its products.

U.S. subsidiaries include Princeton Excess & Surplus Lines Insurance (specialty underwriters) and Munich Re Healthcare (risk management and control services dedicated to the healthcare industry).

Munich Re America’s parent company is expanding its reach throughout North America.

In 2008, the parent company bought the Midland Company in order to fill out its property & casualty insurance operation in the United States. American Modern Insurance Group is now also part of the North American office network.

Parent Munich then bought Sterling Life Insurance, a Medicare Advantage program administrator and senior citizen health plan provider. Sterling Life was folded into Munich Re America’s Healthcare group.

The next year, parent Munich bought the HSB Group, a specialty insurance and reinsurance company, from The Hartford Steam Boiler Inspection & Insurance Company. HSB Group now operates as an independent subsidiary of the Munich Re America franchise.

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Munich Auto Insurance Global Growth Strategy

Parent Münchener Rückversicherungs-Gesellschaft is a masterful risk management organization.

The company reinsures auto and motor, fire, life, and liability (property, life, and health) coverage policies written by primary insurance companies around the world.

Like Munich Re America, the parent company offers both treaty and facultative reinsurance. The firm offers asset management expertise via its MEAG Munich ERGO subsidiary.

The parent company maintains insurance and reinsurance operations in 160 plus countries around the world.

The European markets remain the parent company’s largest marketplace. Europe represents approximately 60 percent of the corporation’s global premiums.

The company continues to expand its operations in Austria and the United Kingdom through targeted acquisitions.

The recent strategy includes acquisitions of personal insurance lines businesses. Asia remains an important growth market for the parent company.

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Munich Auto Insurance Competitive Marketplace

As one of the world’s largest reinsurance and insurance companies, the global company competes across many country borders with other multinational insurers.

Munich Re competes most often with Swiss Re (Switzerland), Allianz (Germany), and Hannover Re (Germany).

The company competes on a regional basis with:

  • AEGON
  • AIG
  • ACE Limited
  • AXA
  • Berkshire Hathaway
  • Allstate
  • Baloise Holding
  • ING
  • Helvetia Group
  • MetLife
  • ManuLife Financial
  • Prudential
  • Reinsurance Group of America
  • Transatlantic Holdings
  • XL Group

Munich Auto Insurance and Auto Insurance Rates

While you won’t be able to get a direct quote for personal car insurance from the Munich Re website, you may find coverage through their ERGO line.

However, their website doesn’t actually tell you how to do that, or what other companies may be a part of that line.

One of the best ways to learn how much you can save on auto insurance rates is to compare your existing auto insurance policy with quotes from other auto insurers!

Start saving today by typing your home zip code now!

References:

  1. https://www.munichre.com/us/property-casualty/home/index.html
  2. http://www.investopedia.com/ask/answers/08/reinsurance.asp
  3. http://www.peslic.com/
  4. http://www.munichhealthnare.com/
  5. http://www.investopedia.com/terms/a/acquisition.asp