Munich Reinsurance America (also called Munich Re 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. Founded in 1917, the company's headquarters is located in Princeton, New Jersey, with regional offices in San Francisco, Chicago and New York. The company offers services that provide clients protection from global disasters such as climate change. History In 1948, American Re-Insurance purchased the American Reserve Insurance Company. American Reserve had itself integrated the American Phenix Corporation of New York in 1932 after the liquidation of American Phenix. Acquisition In 1996 Munich Re acquired American Re for roughly $3.8 billion. Additional funds were needed to expand reserves for casualty and asbestos policies. Divisions Reinsurance Division Munich Re Specialty Insurance (MRSI) - Successor of Specialty Markets division Corporate Insurance Partners Affiliates Hartford Steam Boiler Inspection and Insurance Company (HSB) American Modern Insurance Group These divisions provide insurance in multiple sectors. References Insurance companies of the United States Reinsurance companies Companies based in Princeton, New Jersey