Munich Re sets up new life reinsurance company in Moscow

2006/03/31

Reinsurance

Munich Re has received the certificate confirming registration of a subsidiary company in Moscow and will now apply for a licence to conduct business. When the licence is issued, Munich Re will be the first foreign reinsurer to operate its own company in Moscow. This will mark the beginning of a new level of service for its life insurer clients.

The decision to establish Munich Reinsurance Company – Life Reinsurance Eastern Europe/Central Asia is in line with the continuing expansion of life reinsurance business in the region where, thanks to the general economic upswing, Munich Re expects substantial growth in the insurance markets.

Münchener Rückversicherungs-Gesellschaft
signed Strassl            signed Küppers

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This media information 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.

Further Information

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en
Regine Kaiser
Munich Re Group
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