BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe



Munich Reinsurance Co.

Koeniginstrasse 107, Munich 80791, Germany; 49/89-0; fax: 49

1997* 1996*

Prem. written $10,484,388,750 $11,286,942,454

Prem. earned $10,342,905,625 $11,294,708,164

Capital/surplus** $6,867,481,250 $5,921,214,543

Net income*** $436,566,250 $406,723,768

Losses $6,703,933,750 $7,423,527,000

Expenses $3,147,963,125 $3,189,682,398

Domestic 45% 48%

Foreign 55% 52%

* Fiscal years ending 6/30/97 and 6/30/96. ** Capital and surplus include direct insurance business. *** Net income figures reflect the Munich Re Group.

Founded: 1880.

Subsidiaries: American Re Corp., Princeton, N.J.; American Re-Insurance Co. (Chile) S.A., Santiago, Chile; American Re-Insurance Co., Princeton, N.J.; Great Lakes American Reinsurance Co., New York; The Great Lakes Reinsurance Co., Toronto; Great Lakes Reinsurance (U.K.) P.L.C., London; Munchener Ruck Italia S.p.A., Milan, Italy; Munich American Reassurance Co., Atlanta and New York; Munich Reinsurance Co. of Africa Ltd., Johannesburg, South Africa; Munich Reinsurance Co. of Australia Ltd., Sydney, Australia; Munich Reinsurance Co. of Canada, Toronto; New Reinsurance Co., Geneva, Switzerland.

Employees: 18,021.

Locations: One domestic, 60 foreign.

Specialties: Engineering, satellite, private health, agricultural.

Contact: Tom Walker, American Reinsurance Corp.; 609-243-4679.


NAC Reinsurance Corp.

1 Greenwich Plaza, P.O. Box 2568, Greenwich, Conn. 06836-2568; 203-622-5200; fax: 203-622-0723

1997 1996

Prem. written $593,656,000 $574,004,000

Prem. earned $574,647,000 $526,342,000

Capital/surplus $702,222,000 $663,867,000

Net income $79,570,000 $64,542,000

Losses $380,255,000 $339,703,000

Loss ratio 66.2% 64.5%

Expenses $221,570,000 $213,148,000

Expense ratio 38.9% 40.1%

Combined ratio 105.1% 104.6%

Treaty 75.9% 78.8%

Facultative 24.1% 21.2%

Domestic 91.2% 90.9%

Foreign 8.8% 9.1%

Non-life 100% 100%

Founded: 1985.

Parent: NAC Re Corp.

Subsidiaries: Greenwich Insurance Co.; Indian Harbor Insurance Co.; NAC Re International Holdings Ltd.; NAC Reinsurance Corp.

Employees: 304.

Locations: 10 domestic, three foreign.

Specialties: All lines of property and casualty reinsurance.

Officers: Ronald L. Bornhuetter, chairman; Nicholas M. Brown Jr., president/CEO; Martha G. Bannerman, executive vp/general counsel/secretary; Jerome T. Fadden, executive vp/CFO/treasurer; Stanley J. Kott, C. Fred Madsen, executive vps.

Contact: Jerome T. Fadden.

New Cap Reinsurance Corp. Holdings Ltd.

Level 37, Gateway, 1 Macquarie Place, Sydney, N.S.W. 2000, Australia; 61-2-9275-6200; fax: 61-2-9275-6262

1997 1996

Prem. written $195,794,000 NA

Prem. earned $148,194,000 NA

Capital/surplus $143,287,000 NA

Net income ($7,823,000) NA

Losses $132,864,000 NA

Loss ratio 89.7% NA

Expenses $28,082,000 NA

Expense ratio 18.9% NA

Combined ratio 108.6% NA

Treaty 92.5% NA

Facultative 7.5% NA

Domestic 1% NA

Foreign 99% NA

Non-life 100% NA

Founded: 1996.

Subsidiaries: New Cap Reinsurance Ltd.; New Cap Reinsurance Corp. (Bermuda) Ltd.

Employees: 21.

Locations: One domestic, one foreign.

Specialties: Multiyear, whole account, finite risk.

Officers: Udayan Ghose, CEO, New Cap Re Holdings; Azmin Daya, managing director-New Cap Re (Australia); Paul Williams, deputy managing director-New Cap Re (Australia); Volker De Chelard, chief underwriter, New Cap Reinsurance Corp. Ltd.

Contact: Rob Eastham, COO, New Cap Re (Bermuda).