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Munich Re said it is moving along with a new long-term profitable growth strategy to increase direct and broker reinsurance and primary insurance in the U.S. property-casualty market.

A new Munich Re America management team will be in place Jan. 1, 2008 to further implement the plan, the company said during an online press conference which took place in conjunction with the Council of Insurance Agents & Brokers meeting at the Greenbriar in West Virginia yesterday.

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