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Munich Re

Company Summary

Description

Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. In the financial year 2015, the Munich Re Group achieved a profit of €3.1bn on premium income of €50bn. It operates in all lines of insurance, with almost 43,000 employees throughout the world.

Website

https://www.munichre.com/en/group/company/portrait...

Related Entities

Recent news

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  • 8/25/2022 - Insurance Firms Continue... (subscriber access)
  • 4/7/2022 - Munich RE Is Not... (subscriber access)

Company Transactions

Date: 8/23/2017
Type: Acquisition

BUYERS:
  • Munich Re
    • SELLERS:
  • Starwood Energy Group
    • ASSETS:
  • Horse Creek Wind Farm
  • Electra Wind Farm
    • DETAILS:

    VOLUMES: 230 MW

    NOTES:
    Starwood Energy reported that it has closed on the sale of a 49% stake in the Horse Creek and Electra wind farms to Munich Re Group. Each wind farm is capable of generating 230-MW and they went into commercial operation in late 2016.
    REGIONS:
  • Texas and Producing Region