American Re Name Changed to 'Munich Re America'.

PRINCETON, N.J. -- Munich Reinsurance America, Inc. announced that it has changed its name from American Re-Insurance Company effective September 5, 2006. The name of the holding company, American Re Corporation, has changed to "Munich Re America Corporation."

"With this name change, Munich Re is making a powerful statement about its support for its U.S. operations and its commitment to the U.S. market. Munich Re is the preeminent brand in worldwide reinsurance, and Munich Re America will benefit greatly from sharing the name of this world-class organization," said John Phelan, Chairman and CEO of Munich Re America and Member of Munich Re's Board.

Munich Reinsurance America, Inc., Munich Re's largest reinsurance subsidiary, will continue to operate as a separate corporate entity in the U.S. market.

Munich-American RiskPartners will also use the Munich Reinsurance America name, and the division will be known as "Specialty Markets."

The names of American Alternative Insurance Corporation (AAIC) and The Princeton Excess and Surplus Lines Insurance Company (PESLIC) will not change.

The Web address for Munich Reinsurance America is now www.munichreamerica.com

Munich Re America Corporation, a member of the Munich Re Group, is one of the leading providers of reinsurance in the United States. Through its subsidiaries, it writes treaty and facultative reinsurance, insurance, and provides related services to insurance companies, other large businesses, government agencies, pools and other self-insurers. The Munich Re Group, whose business also includes primary insurance and asset management, has a preeminent position in the global reinsurance industry. It is headed by Munich Reinsurance Company of Munich, Germany, and includes reinsurance subsidiaries, branches, service companies and liaison offices in more than 60 locations worldwide, serving corporate clients from around 160 countries.