Munich Re has expanded its presence in the U.S. health reinsurance business with the opening of a new regional office in Minnetonka, Minnesota.
The company said that this decision was made to seize opportunities arising from the new national health reform law known as the Affordable Care Act (“ACA”).
“This expansion shows the commitment of Munich Re to the health reinsurance market and to the managed care segment specifically,” said Donna Peterson, the president and chief executive officer of Munich Health North America. “Munich Re is well positioned to support its clients in evaluating and protecting their risk position as they work their way through the ACA maze.”
The Minnetonka office will be led by David Sipprell, the president of Munich Re's managed care unit. “There is a deep pool of executive management, underwriting, and actuarial talent throughout the Minnesota region. At the same time many of our clients also reside in this area, so it makes perfect sense for us to have a permanent presence here,” he said.
The new Munich Re office will have a staff of eight and room for expansion. Currently, the staff primarily services Munich Re's managed care unit, but plans call for additional resources in support of both the reinsurance and stop loss business.
Learn more: http://www.munichre.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].