Munich Re opens new Representative Office in Thailand
Munich Re has opened a new Representative Office in Bangkok1 this week, reflecting its commitment to serving clients in Thailand for the long term.
Roland Eckl, Chief Executive, Munich Re Asia Pacific – Japan, Korea, India and South East Asia, commented, “We see Thailand as a strategic growth market in South East Asia, where we have made a long term commitment to our clients. This new milestone will enable us to enhance our existing relationships with local and international insurers and develop new partnerships here in 2019 and beyond.”
As part of this development, the Group appointed Lucien Heijstee as Chief Representative for Thailand. Lucien joined Munich Re from Thaivivat Insurance Pcl., where he was Executive Vice President for Underwriting and Reinsurance, as well as Member of the Board of Management for close to ten years. Earlier in his career, he worked for the Munich Re Group in various management roles at Euro-Center (Thailand) Co., Ltd.
“With his long standing experience and deep knowledge of the Thai market, Lucien is well positioned to understand our clients’ needs. He will connect them to the broad range of global capabilities we offer across traditional reinsurance, capital management solutions, data analytics and cyber protection services”, said Roland Eckl.1 This is a Representative Office of Munich Management Pte Ltd, a wholly owned subsidiary of Munich Re
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to the 2017 Atlantic hurricane season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.