American Re-Insurance Company, Princeton, N.J., has announcedthat next month it will change its name to Munich ReinsuranceAmerica Inc.

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Nikolaus von Bomhard, chairman of Munich Re, explained, “Thename change is a logical step in the far-reaching integration ofAmerican Re into the Munich Re Group. Munich Re is underlining itsclear commitment to the U.S. market and its subsidiary AmericanRe–and in the future to Munich Re America.”

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John Phelan, chairman and chief executive officer of American Reand a member of Munich Re's board, called the move “a powerfulstatement of support by Munich Re in its U.S. operations.”

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He added, “Munich Re's U.S. operations will benefit greatly fromMunich Re's global branding. Munich Re is the preeminent globalreinsurance brand with exceptional strength, capacity and technicalexpertise.”

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Munich Reinsurance America Inc., Munich Re's largest reinsurancesubsidiary, will continue to operate as a separate corporate entityin the U.S. market, the company said.

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The name of the holding company of American Re-InsuranceCompany, American Re Corporation, will also change to Munich ReAmerica Corporation.

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