Munich Re Specialty announces extension of its presence in the German primary specialty insurance market

• Munich Re Specialty, as the next stage of its European footprint strategy, intends to offer solutions to primary specialty mid-market clients in Germany.

• José David Jiménez García appointed as Munich Re Specialty’s Managing Director for Germany.

• The business will offer Construction & Engineering, Property and Renewable Energy insurance products to primary specialty clients as a first step. Munich Re Specialty also confirms the roll out of Surety as a new product to be underwritten in Germany and Spain.

• Munich Re Specialty has set up a German branch of Munich Re Risk Solutions Ireland Limited, which holds regulatory approval to passport into Germany. 

• Hansekuranz, a wholly owned Managing General Agent (MGA) of Munich Re and specialist in Crisis Management and Product Recall, to play a key role in complementing the new lines while maintaining its ongoing offering in Germany.

Munich Re Specialty today announces it has been granted regulatory approval to offer commercial solutions in the German primary specialty insurance market. Built on a long-standing presence in the UK and Ireland, and following the commencement of its operations from 1 April 2025 in Spain, this announcement marks the next stage and extension of Munich Re Specialty’s European footprint strategy.

Munich Re Specialty’s new offering in Germany will initially include Construction & Engineering, Property and Renewable Energy insurance. These are well-established product lines for Munich Re Specialty and already on offer to its commercial primary specialty insurance clients in Spain. In addition, the German and Spanish arms of Munich Re Specialty will be able to offer Surety as a new product line. Julia Kromer will lead this product line in the role of Chief Underwriting Officer for Surety.

To lead the day-to-day primary business operations in Germany for Munich Re Specialty, José David Jiménez García has been appointed as Managing Director. José David, an insurance executive with 30 years of experience, will be tasked with driving growth and fostering key relationships among primary specialty brokers and clients. José David will have a reporting line to Silvi Wompa Sinclair, CEO of Munich Re Specialty – Global Markets, Europe.

To enable the extension of its presence in the commercial primary specialty insurance market, Munich Re Specialty has set up a German MGA branch of Munich Re Risk Solutions Ireland Limited, which holds regulatory approval to passport into Germany. The branch will place written business via Great Lakes Insurance SE, Munich Re’s fully owned and BaFin-regulated primary insurer, known for its strength in delegated authority and complex risks. This new set up will complement the ongoing operations of Hansekuranz, a wholly owned MGA of Munich Re, which is part of Munich Re Specialty – Global Markets, Europe.

To support Munich Re Specialty’s work to capture local market opportunities, new roles will be created in Germany to bolster the primary specialty business. Munich Re Specialty intends to open a Frankfurt office as its base. This will complement the existing presence of Munich Re in its eponymous home city and Hansekuranz in Münster.

Silvi Wompa Sinclair, CEO of Munich Re Specialty - Global Markets, Europe, said: “The extension of our presence and the development of new business lines is an important next step for the growth plans of Munich Re Specialty. Germany is the largest and deepest insurance market in continental Europe, and as the home of Munich Re, we are delighted to be extending our specialty offering into a market that instinctively understands our brand and its value. 

Increasing our underwriting ambitions, evidenced by the rollout of Surety, will advance and build on our continental primary specialty strategy. We are successfully scaling our efforts following our launch in the Spanish commercial market. Over the coming years, we will be working to further develop our offering and continue meeting emerging client needs.”

• Hansekuranz is a wholly owned MGA of Munich Re specialising in Crisis Management underwriting and Product Recall. The business is based in Münster, Germany, and serves clients globally. Learn more: https://en.hansekuranz.com/  

• The Munich Re Specialty – Global Markets Brand has established itself in Germany through a local branch of Munich Re Risk Solutions Ireland Limited.

• The extension into Germany remains subject to confirmation of formal underwriting authority.