Munich Re Capital Partners receives a warm welcome
The executive who runs Munich Re Capital Partners, the unit which encompasses the world’s largest reinsurer’s risk trading, ILS, catastrophe bond and retrocession activities, said the division has been well received by the market since it was launched.
“The formation and launch of Capital Partners in July attracted considerable interest and it has been well received by clients and brokers as well as other business partners and stakeholders,” August Pröbstl told Baden-Baden Today.
Pröbstl, who reports to Thomas Blunck, a member of Munich Re’s board of management, explained that the new unit bundles Munich Re’s expertise and capabilities regarding its alternative capital market as well as its structured prospective and retroactive reinsurance solutions.
“It is one global centre of competence which complements and further underscores Munich Re’s broad client-centric approach to fully understand and analyse client needs with the ability then to structure and deliver a broad range of expert solutions tailored towards such specific client needs,” he said.
He added that Capital Partners strengthens Munich Re’s market positioning and solution capabilities as an increasing number of clients grapple with challenges stemming from changing regulatory, accounting, rating or other financial requirements in what remains a highly competitive and volatile low interest environment.
“Offering tailor-made solutions beyond pure risk transfer needs, Munich Re looks at reinsurance and alternative capital solutions as a means for integrated risk, financial and capital management, ie, making a difference in corporate finance,” he said.
