Münchener Rückversicherungs-Gesellschaft

Munich Re is a global reinsurance company founded in 1880 by Carl Thieme. The business built its growth on diversification across cedents and partnerships with primary insurers, aiming to spread and manage risk rather than relying on a single transfer channel. In the 1890s it introduced machinery insurance, expanding coverage for industrial equipment. Munich Re focuses on comprehensive underwriting and risk management across global reinsurance markets, providing capacity and expertise to primary carriers and other risk takers.