Acquisitions & Divestments

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Acquisitions and Divestments

This page provides an overview of the most important acquisitions and divestments of recent years involving Munich Re. You can obtain further information on the individual transactions from the relevant press releases.
An overview of important participations is provided in our annual report.

Acquisitions and Divestments


Transaction Link
HSB acquires Meshify tech startup HSB press release of 11 October 2016
Completed acquisition of ATE: ERGO becomes largest property-casualty insurer in Greece ERGO press release of 1 August 2016
Munich Re refocuses on reinsurance in Australia and New Zealand Other company news of 15 June 2016
HDFC ERGO acquires Indian non-life insurer L&T General Insurance ERGO press release of 3 June 2016
ERGO acquires shares of Thaisri Insurance ERGO press release of 26 May 2016
Munich Re acquires additional shares of Apollo Munich Health Insurance Press release of 25 January 2016


Transaction Link
ERGO acquires additional shares of HDFC ERGO ERGO press release of 17 December 2015
ERGO sells Italian subsidiaries ERGO press release of 23 November  2015


Transaction Link
Munich Re to acquire Calliden Insurance Operations in partnership with Australian broker group Steadfast Press release of 27 August 2014
ERGO to become largest property-casualty insurer in Greece by acquiring ATE Insurance ERGO press release of 14 ugust 2014
ERGO acquires property-casualty insurer in Singapore ERGO press release of 20 June 2014
MEAG sells share in PAMC

Press release of 5 February 2014


Transaction Link
Munich Re to sell Windsor Health Group to WellCare Health Plans, Inc.     

Press release of 5 September 2013
Munich Re to acquire US weather risks specialist Press release of 3 September 2013
ERGO increases stake in Global Insurance Company in Vietnam ERGO press release of 2 August 2013


Transaction Link
ERGO and Avantha will launch life insurance company in India ERGO press release of 1 November 2012
ERGO sells South Korean subsidiary Daum Direct ERGO press release of 3 May 2012
ERGO launches start-up of life insurance company in China ERGO press release of 13 April 2012


Transaction Link
Volksbank sector extends cooperation with ERGO
ERGO buys VBAG’s insurance participation
ERGO Austria press release of 20 December 2011
ERGO sells Victoria Seguros ERGO press release of 21 September 2011
Italian supervisory authority approves sale of DKV Salute to RBHold Other company news of 7 July 2011
ERGO signs joint venture agreement in China and acquires stake in an insurance company in Vietnam ERGO press release of 14 January 2011


Transaction Link
Munich Re agrees to terms for acquisition of Windsor Health Group, Inc. Press release of 26 October 2010


Transaction Link
ERGO and Arcandor affirm sales partnership and realign subsidiaries ERGO press release of 5 January 2009


Transaction Link
Munich Re agrees to terms for acquisition of AIG subsidiary Hartford Steam Boiler Press release of 22 December 2008
ERGO takes over remaining shares of Turkish ERGOISVIÇRE ERGO press release of 15 September 2008 (PDF, 22 KB)
ERGO reorganises Italian activities – merger of ERGO Previdenza and tender offer to minority shareholders ERGO press release of 12 September 2008 (PDF, 21 KB)
ERGO agrees on life insurance joint venture in India with HERO Group Press release of 2 May 2008
Munich Re Group expands MGA (Managing General Agency) business: Acquisition of the Roanoke Companies Inc. Press release of 30 April 2008
Vienna Insurance Group and ERGO Versicherungsgruppe:Wiener Städtische sells shares in Bank Austria Creditanstalt Versicherung AG. ERGO press release of 1 October 2008 (PDF, 34 KB)


Transaction Link
Munich Re concludes agreement to acquire US healthcare insurer Sterling Life Insurance Company. Press release of 1 April 2008
Press release of 17 December 2007
ERGO announces acquisition of South Korean insurer Daum Direct. ERGO press release of 9 December 2007 (PDF, 21 KB)
Munich Re acquires Allfinanz, a leading provider of software for life insurance companies. Press release of 12 November 2007
HDFC Ltd. and ERGO agree on general insurance joint venture. Press release of 30 October 2007
Munich Re acquires UK company MSP Underwriting Ltd. Press release of 29 October 2007
Munich Re concludes agreement to acquire specialist US primary insurer The Midland Company (Midland). Press release of 3 April 2008
Press release of 17 October 2007
Munich Re Group: Munich Re America HealthCare and Cairnstone Solidify Relationship Through Purchase Agreement. Press release of 20 August 2007
Munich Re buys Bell & Clements Group Press release of 9 May 2007
Wiener Städtische Versicherung AG Vienna Insurance Group and ERGO Versicherungsgruppe:Merger of UNION Versicherungs-AG und BA-CA Versicherung AG ERGO press release of 16 March 2007 (PDF, 61 KB)


Transaction Link
MEAG goes to China ERGO press release of 12 December 2006 (German version only) (PDF, 24 KB)
D.A.S. subsidiary established in Estonia D.A.S. press release of 14 November 2006 (PDF, 9 KB)
Apollo Hospitals Group and DKV partner to form a Health Insurance Company in India DKV press release of 11 October 2006 (PDF, 55 KB)
ERGO acquires majority of shares of Turkish insurer Isviçre ERGO press release of 25 July 2006 (PDF, 14 KB)
Munich Re sets up new life reinsurance company in Moscow Press release of 31 March 2006


Transaction Link
Munich Re to sell Karlsruher Insurance Group to Württembergische Leben Press release of 10 October 2005
Munich Re Group accepts UniCredit's exchange offer for its shares in HypoVereinsbank Press release of 5 October 2005
Press release of 13 June 2005
ERGO and SNS REAAL Group sign a Memorandum of Understanding for the acquisition of Nieuwe Hollandse Lloyd ERGO press release of 30 June 2005 (PDF, 255 KB)


Transaction Link
DKV participates in new health insurance company in the growth market of China. ERGO press release of 18 November 2004 (PDF, 18 KB)
DKV acquires GLOBALE Health Insurance and Zurich Health Insurance. DKV press release of 31 March 2004 (German version only) (PDF, 50 KB)
Munich Re uses HVB capital increase to further reduce its commitment in the financial services sector. Press release of 26 February 2004

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