TFAC will focus on providing advice regarding challenges faced by
“We are honored that Karsten was selected to serve on the TFAC. He brings an extensive background and expertise in evaluating and structuring trade credit and political risk [re]insurance transactions. His deep-rooted understanding of the risks facing exporters and their foreign buyers contributes to his ability to develop innovative solutions for these risks,” said
TFAC members represent financial organizations, exporters and research institutions. The diversity of stakeholders allows for balanced and comprehensive insights on challenges and opportunities for
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. This is how Munich Re creates value for clients, shareholders and staff. In the financial year 2015, the Group – which combines primary insurance and reinsurance under one roof – achieved a profit of €3.1bn on premium income of over €50bn. It operates in all lines of insurance, with over 43,000 employees throughout the world. With premium income of around €28bn from reinsurance alone, it is one of the world’s leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after risk carrier. Its primary insurance operations are concentrated mainly in the
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.