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Munich Reinsurance America Overview

Munich Reinsurance America, formerly known as American Re-Insurance Corporation before September 2006, is a major provider of property and casualty reinsurance in the United States. Munich Reinsurance America is a subsidiary of Munich Re.
The staff at Munich Reinsurance America come from unusually diverse demographic backgrounds. The company is 40.5% female and 49.0% ethnic minorities. Despite its diversity in other areas, Munich Reinsurance America employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 80.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Munich Reinsurance America has great employee retention with staff members usually staying with the company for 5.2 years. The average employee at Munich Reinsurance America makes $77,605 per year. Pay at Munich Reinsurance America is significantly lower than some of its highest paying competitors, like Swiss Re America Holding Corporation, Swiss Reinsurance America Corporation, and Guy Carpenter & Company, which pay $101,554, $90,488, and $87,781, respectively.
Based in New Jersey, Munich Reinsurance America is a key player in the insurance industry with 1,031 employees and an annual revenue of $1.5B.

The Organization’s Mission

To be an indispensable partner to customers by being the leading provider of equipment breakdown and other technical insurance products and services.

Industry

Insurance

Revenue

$1.5B

Employees

1,031

Founded in

1917

Headquarters

Princeton, NJ

Website

www.munichre.com

Organization Type

-

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Munich Reinsurance America Rankings

Munich Reinsurance America is ranked #7 on the Best Insurance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Munich Reinsurance America Salaries

How much does Munich Reinsurance America pay?
The national average salary for a Munich Reinsurance America employee in the United States is $77,605 per year. Employees in the top 10 percent can make over $140,000 per year, while employees at the bottom 10 percent earn less than $42,000 per year.
9.8
Salary Score
Average Employee Earnings

Munich Reinsurance America Salaries By Job Title

The average employee at Munich Reinsurance America earns a yearly salary of $77,605 per year, but different jobs can earn drastically different salaries. The higher paying positions at Munich Reinsurance America include vice president of information technology, business development manager, manager-finance systems, and reporting manager. A typical vice president of information technology salary at Munich Reinsurance America is $140,245 per year. Some of the other roles at Munich Reinsurance America are receptionist and mail opener. A worker with the title receptionist at Munich Reinsurance America earns an average salary of $25,805 per year.
Job Title
Title
ascdesc
Average Salarydesc
Vice President Of Information Technology
Salary Range124k - 157k$140k$140,245
Business Development Manager
Salary Range98k - 164k$127k$127,061
Manager-Finance Systems
Salary Range116k - 134k$125k$125,243
Reporting Manager
Salary Range97k - 136k$116k$115,835
Secretary To The Vice President
Salary Range68k - 177k$110k$109,817
Risk Management Specialist
Salary Range88k - 122k$104k$103,935
Head Of Academic Technology
Salary Range79k - 126k$100k$99,844
Data Engineer
Salary Range82k - 119k$99k$99,023
Actuary
Salary Range70k - 130k$96k$96,366
Underwriting Director
Salary Range78k - 114k$95k$95,135
$56k
$177k

Munich Reinsurance America Careers

On average, employees at Munich Reinsurance America stay with the company for 5.2 years. Employees most commonly join Munich Reinsurance America after leaving TRAC Intermodal. When they leave Munich Reinsurance America, they most frequently get their next job at American International Group.

Average Length of Employment

AM Best
4.3 years

Top Employers Before Munich Reinsurance America

Top Employers After Munich Reinsurance America

Munich Reinsurance America Employee Demographics

9.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Munich Reinsurance America Employees Education

Of the 1,031 employees at Munich Reinsurance America, 14.3% attended Rider University. Employees at Munich Reinsurance America most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Munich Reinsurance America Employee Political Affiliation

Munich Reinsurance America employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Munich Reinsurance America employee was by Gerard Finley. Gerard Finley donated $2,350 to the Democratic Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Gerard FinleySenior Vice President
Gerard Finley
Senior Vice President
Senior Vice President
Democratic Party
Democratic Party
$2,350Democratic Party
$2,350
Mark BoveMeteorologist
Mark Bove
Meteorologist
Meteorologist
Democratic Party
Democratic Party
$1,800Democratic Party
$1,800
David BeebeVice President
David Beebe
Vice President
Vice President
Republican Party
Republican Party
$769Republican Party
$769
James DoonaInsurance
James Doona
Insurance
Insurance
Democratic Party
Democratic Party
$750Democratic Party
$750
Patricia Casey ConnollyAttorney
Patricia Casey Connolly
Attorney
Attorney
Democratic Party
Democratic Party
$539Democratic Party
$539
Janet DezubeCAS UW
Janet Dezube
CAS UW
CAS UW
Democratic Party
Democratic Party
$450Democratic Party
$450
Lori MetroInformation Technology Technician
Lori Metro
Information Technology Technician
Information Technology Technician
Democratic Party
Democratic Party
$400Democratic Party
$400
James SelzSenior Underwriter
James Selz
Senior Underwriter
Senior Underwriter
Democratic Party
Democratic Party
$350Democratic Party
$350
Frank RoscusUnderwriter
Frank Roscus
Underwriter
Underwriter
Republican Party
Republican Party
$318Republican Party
$318
George KoscsSystems Manager
George Koscs
Systems Manager
Systems Manager
Democratic Party
Democratic Party
$250Democratic Party
$250

Munich Reinsurance America Financial Performance

9.6
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1917

Organization type

-

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Munich Reinsurance America Competitors

Based on our research, similar companies to Munich Reinsurance America are Swiss Re America Holding Corporation, Swiss Reinsurance America Corporation, and Guy Carpenter & Company. Employees at Swiss Re America Holding Corporation earn more than most of the competition, with an average yearly salary of $101,554. The employees at Swiss Reinsurance America Corporation earn an average yearly salary of $90,488 per year, and the salaries at Guy Carpenter & Company average $87,781 per year.
Companydesc
Average Salarydesc
Swiss Re America Holding Corporation
Salary Range77k - 133k$102k$101,554
Swiss Reinsurance America Corporation
Salary Range66k - 123k$90k$90,488
Guy Carpenter & Company
Salary Range65k - 118k$88k$87,781

Odyssey Re

Salary Range64k - 112k$85k$85,278

RenaissanceRe

Salary Range59k - 112k$82k$81,661
SCOR Global Life USA Holdings
Salary Range58k - 111k$81k$80,664
Ullico
Salary Range59k - 109k$81k$80,537
Munich Re America Brokers
Salary Range58k - 105k$78k$78,478
Delaware Life Insurance
Salary Range57k - 101k$76k$76,010

Legion Insurance

Salary Range56k - 97k$74k$74,088
$33k
$133k

Frequently Asked Questions about Munich Reinsurance America

When was Munich Reinsurance America founded?

Munich Reinsurance America was founded in 1917.

How many Employees does Munich Reinsurance America have?

Munich Reinsurance America has 1,031 employees.

How much money does Munich Reinsurance America make?

Munich Reinsurance America generates $1.5B in revenue.

What industry is Munich Reinsurance America in?

Munich Reinsurance America is in the insurance industry.

What is Munich Reinsurance America's mission?

Munich Reinsurance America's mission statement is "To be an indispensable partner to customers by being the leading provider of equipment breakdown and other technical insurance products and services."

Who are Munich Reinsurance America's competitors?

Munich Reinsurance America competitors include Everest Reinsurance Company, SCOR Global Life USA Holdings, AM Best, Delaware Life Insurance, Acuity Insurance, Guy Carpenter & Company, Munich Re America Brokers, Legion Insurance, Clark Consulting, ECP, 40, AEGIS Insurance Services, Odyssey Re, Swiss Re America Holding Corporation, Swiss Reinsurance America Corporation, Ullico, Wisconsin Housing and Economic Development Authority, International Financial Group, WILTON RE US HLDGS, RenaissanceRe.

Where is Munich Reinsurance America's headquarters?

Munich Reinsurance America's headquarters is in Princeton, NJ.

What is Munich Reinsurance America's website?

You can find the Munich Reinsurance America website at www.munichre.com.

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Munich Reinsurance America, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Munich Reinsurance America. The employee data is based on information from people who have self-reported their past or current employments at Munich Reinsurance America. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Munich Reinsurance America and its employees or that of Zippia.

Munich Reinsurance America may also be known as or be related to MUNICH REINSURANCE AMERICA INC, Munich Reinsurance America, Munich Reinsurance America Inc and Munich Reinsurance America, Inc.