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Informa Insurance News 24

US ACQUISITIONS ON THE CARD FOR MUNICH RE

German reinsurer Munich Re is seeking a purchase in the US similar to its 2008 acquisition of Midland Co and 2009 buy of Hartford Steam Boiler, Board member Torsten Jeworrek has said in an interview. Speaking to Financial Times Deutschland, Mr Jeworrek said that "I can imagine further acquisitions there". Meanwile, Fitch Ratings has affirmed Munich Re direct subsidiary Ergo's ratings. Life unit Ergo Leben and health unit DKV were affirmed at 'AA-'. Vorsorge Leben and travel insurer Europäische Reise had their ratings affirmed at 'A+'. Fitch said that the Ergo ratings reflect its core status within the Munich Re group.

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