22 June 2018News

Munich Re in talks over asset management unit sale

German reinsurer Munich Re is in talks to sell its asset management division to US fund manager Guggenheim Partners, Reuters reported on June 21 citing a person familiar with the matter.

Munich Ergo Asset Management (MEAG) has €250 billion ($289 billion) in assets under management.

Talks are at an early stage, and there is currently no formal sale process, said the person, who spoke on condition of anonymity to describe the private discussions.

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More on this story

Insurance
25 June 2018   Munich Re wants to strengthen its asset management unit, perhaps through cooperating with partners, the company’s chief said in an internal memo, according to a Reuters report.
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20 June 2018   American International Group (AIG) is acquiring Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re.