Bring us your challenge
Tailored solutions, driven by experience, built around you.
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What’s your vision? Your biggest project? Your most challenging risk? No matter what it is — if you can envision it, we can enable it. We offer a full range of corporate insurance solutions for large businesses in the US and around the world.
Munich Re Facultative & Corporate is committed to delivering our experience, knowledge, and global capabilities to mitigate the impact of losses and help our clients through difficult incidents. Bring us your challenge, and let’s find solutions together.
See our real-life success stories
US Corporate Construction
Success story #1
Rapid response solves sophisticated loss
The challenge
A construction megaproject involving a catastrophe-exposed biofuel production facility in the Southern United States experienced a malfunction during its initial startup, causing damage that could cost millions of dollars to repair. In addition, the complex loss threatened to delay the plant’s commissioning and operation. The challenge was finding a way to identify the scope of the loss and get the facility up and running.
The solution
Munich Re, acting jointly with other carriers on the megaproject, dispatched expert engineers to the construction site to investigate and determine the cause of loss. Our team collaborated with the customer throughout the claim to achieve a rapid resolution, fund the repairs, and provide documentation for potential recovery of uninsured damage. Following the completion of repairs and the full submission of the claim, the settlement was reached within 20 days — a short time, as some complex industrial claims can take years to resolve. Munich Re’s responsive and individualized service helped the customer accelerate the plant’s recovery.
Munich Re deals with complicated businesses and losses. We have the right expertise and a broad view of the industries we insure. Individualized claims handling is very important to find solutions that work for everyone involved.
Success story #2
Homing in on individualized claims service
The challenge
A high-value residential property in California was more than 75% built when heavy rainfall caused water intrusion that led to interior damage and mold. The incident presented a twofold challenge for the customer: Repairing the damage would delay the project’s delivery, and financial pressures from the loss complicated the customer’s ability to complete the work.
The solution
Munich Re approaches each claim individually, considering the customer’s needs, and works toward a mutually beneficial solution. In the above case, our team worked promptly to meet the customer’s request for an immediate advance payment. As a global company, with a global claims division, Munich Re can move quickly to address conflicts and resolve claims, enabling our customers to focus on their businesses.
Munich Re has a great reputation as a stable, experienced company serving the construction sector. We are a global team, but we have significant local authority to address claims where they occur, which means we can move quickly to help our insureds get back up and running faster.
Success story #3
Navigating a complex green energy loss
The challenge
A Battery Energy Storage System (BESS) project was in its testing and commissioning phase when an electrical fault disrupted the system, causing property damage and more than 100 days’ delay in startup for the project’s owner. Despite an investigation by electrical experts, the exact cause of the fault could not be determined. The complexity of the loss made it challenging to fully assess the scope of the damage, requiring close communication and collaboration between the client and Munich Re to navigate the claim and reach a resolution.
The solution
To address these challenges, Munich Re engaged in collaborative discussions with the insured, exchanging information and working closely to gain a clear understanding of the loss. Through this approach, all parties were able to navigate the complexities of the property damage and delay in startup. The collaborative effort ultimately led to a mutually beneficial resolution, demonstrating our commitment to effective problem-solving and client partnership.
In the broker’s words…
I recently settled a more than two-year-old loss with Munich Re claims. Munich Re was only a portion of the insurance market, but their claim handler took charge and steered settlement discussions to a resolution that was equitable to all parties within the policy’s terms and conditions. Absent Munich Re’s involvement, the claim would still be open.
Capacity and industries we serve
Who we serve
Risk-managed construction projects with commitment to loss prevention
Our capacity
$250m
Up to
Our coverages
Erection All Risk (EAR), including testing and commissioning
Contractor’s All Risk (CAR)
Delay in Start Up Advance Loss of Profit coverage available
Civil Engineering Completed Risks (CECR): tunnels, bridges, roads, rail tracks, and dams
Our capabilities
- Local North American presence backed by a unified global network
- Project capacity up to $250m (PML), deployable domestically or via London/Europe
- Quota share, excess, and participatory lead capabilities
- Net capacity carrier with no treaty limitations, resulting in no specific cat capacity restrictions
- A+ rated US admitted/non-admitted paper with standard Builder’s Risk forms
- Manuscript client/broker form for large and complex projects
Target industries
- Airports, ports
- Chemical industry
- Civil works, including bridges, roads, dams, and tunnels
- Hospital, healthcare, bio industry, and pharmaceutical
- Education, universities, schools
- Energy (Oil & Gas)
- Food and beverage industry
- General and specialty contractors
- Manufacturing and industrial companies
- Metal industry
- Power sector, including renewable energy
- Public entities, government
- Real estate and hospitality
- Technology industry, including data centers and telecommunication
- Transportation, including railways and automotive
- Water treatment
- Wet works, including ports, canals, irrigation systems, and docks
US Corporate Property
Real collaboration. Real solutions
In collaboration with our broker partners, the US Corporate Property team of Munich Re Facultative & Corporate helps place coverage for clients in industries including commercial real estate and a wide variety of manufacturing. We strive to find solutions even for hard-to-place risks or high-hazard areas.
Read on for real-life success stories from our Corporate Property team and for more information about our appetite and industries served.
Success story #1
Helping clients understand their risks
The challenge
The client, a real estate company with thousands of properties mostly in California, was concerned about the high costs of flood insurance. With exposure to multiple natural hazards such as wildfires, floods, and earthquakes, the client asked if we could improve their flood modeling to help reduce premiums. The challenge was identifying the right information to enhance the accuracy of the models.
The solution
Using our powerful Location Risk Intelligence tool and decades of climate data, we were able to show the client the risks to their assets and the potential financial impacts of those risks on a granular basis. By providing insights into specific risks, such as flood, tsunami, and wildfire, we helped fill in the information gaps so they could focus their risk mitigation efforts.
In the client’s words…
Munich Re is one of our key insurance partners. Partnership is not just about the insurance transaction, it is about listening to our needs, helping improve our risk, being there in challenging times, and providing valuable services beyond the transaction. Munich Re excels at that.
Success story #2
Finding out-of-the-box solutions
The challenge
A large investment management firm with a diverse portfolio of retail, office, condo, and industrial properties nationwide faced a challenging renewal. After significant claims and increasing property values, their exposure to natural catastrophes was growing. The broker needed to secure additional capacity but struggled to find it due to the client’s recent losses and increasing risks from extreme weather events like storms, earthquakes, and hurricanes.
The solution
The broker called us in the eleventh hour on the day of binding to ask for any capacity we could provide. We responded by offering temporary capacity beyond our usual appetite for a two-month period. This solution gave the broker the time needed to complete the program.
In the broker’s words…
I have never before in over 40 years of property brokering had an insurance market step up the way Munich Re did to help us and the client have full coverage at the time of the renewal. Munich Re’s offer to step in and help us out without any considerations attached was a true example of broker-insurance company partnership. It was very much appreciated by the brokering team.
Success story #3
Offering brokers and clients specialized expertise
The challenge
A large pulp and paper manufacturing company with mills in the US and abroad required considerable insurance capacity. Their broker, with whom we have a long-standing relationship, approached us to help secure the coverage. However, critical information was missing from the client’s engineering reports, creating a roadblock for insurance carriers.
The solution
Paper mills are complex operations with significant risks, requiring detailed engineering assessments to evaluate all potential hazards. Our team collaborated with a subsidiary of Munich Re, Hartford Steam Boiler IIC, to bring in engineers with fire and boiler expertise to do site surveys and provide the broker with comprehensive risk control and engineering reports.
With this information in hand, the broker was able to effectively assemble a program, while the client gained acceptance from the market and got the capacity needed at a fair price.
In the broker’s words…
We were approached by a large pulp and paper client and asked to develop a property program. Our first call was to Munich Re due to their deep industry expertise in both underwriting and engineering. Throughout the marketing process, Munich Re was very collaborative and utilized their unique engineering capabilities in both property and equipment breakdown. With the comprehensive risk reports they developed, we were able to get other property insurers to provide capacity and create a property program for our client. Munich Re really came through!
Capacity and industries we serve
Who we serve
Risk-managed accounts with commitment to loss prevention
Substantial deductibles/self-retentions
Shared and layered structures only
Our capacity
$150k
Minimum premium
$45m
Average capacity deployed
$250m
Max capacity
Target industries
- Automotive Suppliers
- Beverage
- Chemicals
- Electronics
- Hospitals
- Logistics
- Metal Processing
- Pharmaceutical
- Pulp and Paper
- Semiconductor
- Telecommunication
- Transportation
- Real Estate
- Retail
Limited appetite
- Foundries
- Food
- Glass
- Wood Frame Habitational
At Munich Re F&C, we’re prepared to take on your toughest challenges and develop solutions tailored to your specific needs. Backed by a global team and a strong regional presence, we focus on making it easy to do business while delivering results that matter.
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US Corporate Construction
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US Corporate Property
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Our colleagues in F&C Energy, Power & Construction write these special occupancies. Please visit the below links for more information on the relevant occupancy:
Oil and Gas: Supporting the future of down- and midstream energy | Munich Re
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Operational Power: Risk Management for utilities and power industry | Munich Re
Builder’s Risk: Risk Management in construction projects | Munich Re
Infrastructure: Risk Management in construction projects | Munich Re