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International

Munich Re selects Hong Kong as center of Asia Pacific marine underwriting

October 02, 2014 Reprints

Munich Reinsurance Co. has selected Hong Kong as its Asia-Pacific marine underwriting operations hub as it consolidates operations, Live Insurance News reported.

The reinsurer said that basing its marine underwriting center in Hong Kong would help it tap the South Korean, Japanese and Chinese markets. Munich Re's marine insurance unit accounted for around $2 billion out of the reinsurer’s total $200 billion in premiums in 2013.

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Munich Re selects Hong Kong as center of Asia Pacific marine underwriting

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