Munich Re

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Joachim Wenning's photo - Chairman & CEO of Munich Re

Chairman & CEO

Joachim Wenning

CEO Approval Rating

73/100

Founded:

1880

Status:

PublicIndependent CompanyFRAMUV2

MUNICH RE TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Munich Re's company profile
Joachim Wenning's photo - Chairman & CEO of Munich Re

Joachim Wenning

Chairman & CEO

73/100
40,607
$0
$82.3B
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1
Munich Re's Competitor - Swiss Re logo
Christian Mumenthaler's photo - CEO of Swiss Re

Christian Mumenthaler

CEO

67/100
13,189
- -
$43.3B
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2
Munich Re's Competitor - Hannover Re logo
Jean-Jacques Henchoz's photo - Chairman & CEO of Hannover Re

Jean-Jacques Henchoz

Chairman & CEO

94/100
3,218
- -
$31.5B
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3
Munich Re's Competitor - SCOR logo
Laurent Rousseau's photo - CEO of SCOR

Laurent Rousseau

CEO

82/100
3,123
- -
$20.7B
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4
Munich Re's Competitor - Great-West Lifeco logo
Paul A. Mahon's photo - President & CEO of Great-West Lifeco

Paul A. Mahon

President & CEO

78/100
24,000
$3.8M
$42B
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5
Munich Re's Competitor - RGA Reinsurance logo
Anna Manning's photo - President & CEO of RGA Reinsurance

Anna Manning

President & CEO

72/100
2,767
$825.1M
$15.9B
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6
Munich Re's Competitor - China Reinsurance Group logo
Richard Lim's photo - CEO of China Reinsurance Group

Richard Lim

CEO

69/100
51,009
- -
$1.6B
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7
Munich Re's Competitor - Korean Reinsurance Company logo
CEO Avatar

CEO

- -
- -
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8
Munich Re's Competitor - PartnerRe logo
Jacques Bonneau's photo - President & CEO of PartnerRe

Jacques Bonneau

President & CEO

82/100
1,078
- -
$7.9B
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9
Munich Re's Competitor - MAPFRE U.S.A. Corp. logo
Jaime Tamayo's photo - President & CEO of MAPFRE U.S.A. Corp.

Jaime Tamayo

President & CEO

76/100
5,000
- -
$2.5B
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10
Munich Re's Competitor - Everest logo
Juan C. Andrade's photo - President & CEO of Everest

Juan C. Andrade

President & CEO

85/100
1,746
- -
$12.1B
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11
Munich Re's Competitor - Fairfax logo
V. Prem Watsa's photo - Chairman & CEO of Fairfax

V. Prem Watsa

Chairman & CEO

77/100
44,043
$667.2M
$22.6B
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12
Munich Re's Competitor - Maiden Holdings, Ltd. logo
Arturo Manuel Raschbaum's photo - President & CEO of Maiden Holdings, Ltd.

Arturo Manuel Raschbaum

President & CEO

68/100
52
$460.6M
$132.2M
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Missing a competitor? Contribute!

Swiss Re is one of Munich Re's top rivals. Swiss Re is a Public company that was founded in 1863 in Zurich, Zurich. Swiss Re competes in the Mortgage Finance industry. Compared to Munich Re, Swiss Re has 27,418 fewer employees.

Hannover Re is seen as one of Munich Re's biggest rivals. Hannover Re was founded in 1966 in Hannover, Lower Saxony. Like Munich Re, Hannover Re also works within the Property & Casualty Insurance field. Hannover Re generates $50.9B less revenue than Munich Re.

SCOR is one of Munich Re's top competitors. SCOR was founded in 1970, and its headquarters is in Paris, Île-de-France. Like Munich Re, SCOR also operates in the Property & Casualty Insurance sector. SCOR has 37,484 fewer employees than Munich Re.

Munich Re Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$82.3B

Munich Re's revenue is the ranked 1st among it's top 10 competitors. The top 10 competitors average 22.3B. Over the last four quarters, Munich Re's revenue has decreased by 7.1%. Specifically, in Q2 2021's revenue was $17.4B; in Q1 2021, it was $17.1B; in Q4 2020, it was $29.1B; in Q3 2020, Munich Re's revenue was $18.8B.

Munich Re Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Relayr, Inc.

Sep 2018

Source »
$300M
relayr is an IoT middleware platform that offers industrial device management, real-time data visibility and analytics solutions.

-

Global Aerospace Underwriting Managers Ltd

Dec 2017

Source »
undisclosed
-
Meshify

Oct 2016

Source »
undisclosed
Meshify is a cloud-based IoT platform that allows Original Equipment Manufacturers to convert existing devices to internet-connected products.

-

RenRe Energy Advisors Ltd.

Sep 2013

Source »
undisclosed
-
Windsor Health Group, Inc.

Jan 2011

Source »
$131M
-

These are all the companies that Munich Re has acquired. Munich Re has acquired 7 companies and its latest acquisition was Relayr, Inc. in Sep 2018. relayr is an IoT middleware platform that offers industrial device management, real-time data visibility and analytics solutions.

Munich Re Funding History

No recent funding data found related to Munich Re

Munich Re Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Acko is a fintech platform that enables users to compare and buy financial products such as insurance policies, bank loans and credit cards.
$60M
Sep 14, 2020
-
Next Insurance is a California-based online platform that provides general liability, workers compensation and commercial auto insurance products for businesses.
$250M
Oct 06, 2019
-
Augury is an AI-based machine health and performance insight company that provides predictive maintenance solutions to the commercial sector.
$25M
Jan 30, 2019
-
Forge is a California-based financial brokerage company that provides wealth management, commodities trading and related services to asset managers and investors.
$35M
Jan 28, 2019
-
Fraugster develops an AI-powered application to eliminate the fraudulent activities in payment for online retailers.
$13.9M
Nov 06, 2018
-

These are all the companies that Munich Re has invested in. Munich Re has invested 13 companies and its latest investment was Acko in Sep 14,. Acko is a fintech platform that enables users to compare and buy financial products such as insurance policies, bank loans and credit cards.

Munich Re News

September 15, 2021PV-Tech

Munich Re acquires 50% stake in two EDF projects in California

German multinational insurer Munich Re has acquired a 50% stake in two EDF renewable energy projects ... See more »
September 13, 2021Insurance News AU

Munich Re looks to sharpen digital edge, cyber expertise

Munich Re says data analytics and use of algorithms offer huge potential for the insurance industry, ... See more »
September 8, 2021Reinsurance News

Munich Re's HSB adds Mathew Prentice as Cyber Product Lead

Munich Re-owned specialist engineering and technology insurer HSB has added Mathew Prentice to suppor... See more »
August 23, 2021India Infoline

HCL Tech ties with Munich Re to transform digital workplace services in 40 countries

Munich Re selected HCL as its preferred partner due to the strength of the existing relationship and ... See more »
August 23, 2021Business Standard

HCL Tech, Munich Re in pact to digitalise workplace services in 40 nations

Financial details of deal not disclosed; HCL will modernise and standardise workplace services for mo... See more »
August 19, 2021Reinsurance News

MRSI releases new E&S Management Liability solution

Munich Re Specialty Insurance (MRSI) has released a new E&S Management Liability solution for private... See more »
August 17, 2021Reinsurance News

Munich Re Africa promotes Skei to COO

Global reinsurer Munich Re has appointed Yolanda Skei as the new Chief Operating Officer (COO), Afric... See more »

Munich Re Press Releases

October 29, 2020Business Wire

HSB and Whisker Labs Expand Ting Sensor Partnership for Homes

HARTFORD, Conn.--(BUSINESS WIRE)-- #Insurance--HSB and Whisker Labs expand partnership to provide Tin... See more »
February 26, 2020PR Newswire

Next Insurance Sees 3x Growth, Hits $100 Million Gross Written Premium Run Rate

PALO ALTO, California, Feb. 26, 2020 /PRNewswire/ -- Next Insurance, the leading digital insurtech co... See more »
October 10, 2019centralcharts

MRAS Announces a Continuation of their Long-Standing Partnership with BDO Life, Philippines.

MRAS Announces a Continuation of their Long-Standing Partnership with BDO Life, Philippines. PR Newsw... See more »
July 23, 2019PR Newswire

Roomer Partners With Munich Re to Power Next Generation Travel Flexibility

NEW YORK, July 23, 2019 /PRNewswire/ -- Artificial intelligence driven solution for the traveler Room... See more »
April 4, 2019PR Newswire

Castleton Commodities International LLC Completes Acquisition of Munich Re Trading LLC's Physical Gas Trading Business

STAMFORD, Conn., April 4, 2019 /PRNewswire/ -- Castleton Commodities International LLC ("CCI") today ... See more »
April 4, 2019StreetInsider

Castleton Commodities International LLC Completes Acquisition of Munich Re Trading LLC's Physical Gas Trading Business

STAMFORD, Conn., April 4, 2019 /PRNewswire/ -- Castleton Commodities International LLC ("CCI") today ... See more »
August 30, 2018GlobeNewswire

Swedish wind farm Jenåsen completed and handed over to Munich Re

Hässleholm, Sweden, August 30, 2018... See more »

Munich Re Videos

Social Media

Munich Re Headquarters

Koeniginstr. 107

Munich, Bavaria80802

49-89-38-91-0

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Munich Re Summary

ABOUT

Overview

Munich Re is a reinsurance company that provides primary insurance and asset management services. Munich Re was founded in 1880. Munich Re's headquarters is located in Munich, Bavaria, DE 80802. Munich Re's Chairman & CEO, Joachim Wenning, currently ...

CEO

Munich Re's Chairman & CEO, Joachim Wenning, currently has an approval rating of 73%. Munich Re's primary competitors are Swiss Re, Hannover Re & SCOR.

Frequently Asked Questions about Munich Re

  1. When was Munich Re founded?

    Munich Re was founded in 1880
  2. Who is Munich Re's CEO?

    Munich Re's CEO is Joachim Wenning
  3. How much revenue does Munich Re generate?

    Munich Re generates $82.3B in revenue
  4. How much funding does Munich Re have?

    Munich Re has historically raised $0 in funding
  5. Where is Munich Re's headquarters?

    Munich Re's headquarters is in Munich Bavaria, DE
  1. How many employees does Munich Re have?

    Munich Re has 40,607 employees
  2. What sector does Munich Re operate in?

    Munich Re is in Property & Casualty Insurance
  3. Who are Munich Re's competitors?

    Munich Re's top competitors are Swiss Re, Hannover Re, SCOR
  4. Who has Munich Re invested in?

    Munich Re's has invested in companies such as Acko, Next Insurance, Augury