Munich Re Capital Partners launched

Munich Re has reorganised its risk trading, insurance-linked securities (ILS), catastrophe bond and retrocession activities under a new unit named Munich Re Capital Partners.

The reinsurer has decided to launch the unit due to an “ever-increasing demand for capital optimisation, and other complex solutions for clients,” the reinsurance firm said. All of this expertise is being bundled within Munich Re Capital Partners, including what was the Risk Trading unit where much of the ILS and catastrophe bond activity occurred.

Capital Partners will sit within the Special and Financial Risks Division at Munich Re, the firm said, with a remit to actively generate new business opportunities for the reinsurer, as well as to service existing clients with both risk transfer, capital markets solutions and capital relief products.

The Capital Partners unit is headed up by August Pröbstl, who used to head up the reinsurance firms Corporate Insurance Partner unit. Rupert Flatscher, the ex-head of Munich Re’s Risk Trading unit is now leading the reinsurance firms agricultural unit.