Munich Re May Seek More U.S. Acquisitions, FTD Reports

Munich Re may seek more acquisitions in the U.S., Financial Times Deutschland said, citing management board member Torsten Jeworrek.

The German reinsurer is underrepresented in the U.S. and would be inclined to buy companies that insure industry or are active in niches, the newspaper quoted Jeworrek as saying in excerpts from an interview to be published tomorrow. Asia and Latin America are also growth markets, he was quoted as saying.

The article didn’t cite any specific acquisition targets.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net;

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.