American Re Name Changed to 'Munich Re America'.PRINCETON, N.J. -- Munich Reinsurance America Munich Reinsurance America (also called Munich Re America), formerly known as American Re Corporation before September 2006,[1] is one of the top providers of property & casualty reinsurance in the US (along with General Re). It is a subsidiary of Munich Re. , 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 Munich Re AG, in German Münchener Rück AG (ISIN: DE0008430026), is the world's second largest reinsurance company with over 5,000 customers in 160 countries and has its headquarters in Munich, Germany. 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 The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , and Munich Re America will benefit greatly from sharing the name of this world-class organization," said John Phelan, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 AAIC Association for the Advancement of Industrial Crops AAIC Accounting Authority Identification Code AAIC Anaesthesia and Intensive Care (journal, Australia) AAIC American Agricultural Insurance Company ) 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . 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. |
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