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 email@example.com;
To contact the editor responsible for this story: James Hertling at firstname.lastname@example.org