Munich Re to open reinsurance branch office in Mumbai

Munich Re to open reinsurance branch office in Mumbai

Germany based Munich Reinsurance Company is planned  to open its branch office in Mumbai to provide the property-casualty, life, health reinsurance markets across India.  Munich Re is one of the first foreign reinsurers to receive approval for a dedicated branch in India following the 2015

amendment of the Insurance Bill.

About Munich Re :

i. Munich Re Group or Munich Reinsurance Company is one of the world’s leading reinsurers.

ii. The reinsurer is present in the Indian market since 1950s.

iii. It has joint venture with HDFC Ergo and health insurance in the form of Apollo Munich Health.