Munich Re prepares to set-up firm-wide alternative risk transfer business

German reinsurer Munich Re is forming a group-wide alternative risk transfer (ART) unit, in a move designed to strengthen its position in the growing alternative markets business.

The new entity – a combination of the ART businesses of Munich Re, Munich and American Reinsurance Corporation – will be called Munich-American Capital Markets (MACM), based in New York.

“The merger of the units to form MACM will enable the Munich Re Group to concentrate its existing know-how and generate synergies

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