Munich Reinsurance Asset Release in Canada

Summary#

This notice says Munich Reinsurance America, Inc. plans to ask the Superintendent of Financial Institutions (Canada) for permission to release the assets it keeps in Canada under the Insurance Companies Act (Canada). The notice was published in the Canada Gazette on May 9, 2026, and gives policyholders or creditors until June 15, 2026 to file an opposition.

What it does#

• Munich Reinsurance America, Inc. (the MRAM branch operating in Canada) intends to apply for an order authorizing the release of assets it maintains in Canada under the Insurance Companies Act (Canada).
• The notice invites any policyholder or creditor with respect to the MRAM branch’s reinsurance business in Canada to file an opposition by mail or email on or before June 15, 2026.
• Oppositions can be sent to the Office of the Superintendent of Financial Institutions (Canada), Legislative Approvals and New Entry Division, at 255 Albert Street, Ottawa, Ontario K1A 0H2, or by email to approvals-approbations@osfi-bsif.gc.ca.

Who's affected#

• Policyholders of Munich Reinsurance America, Inc. who have reinsurance arrangements with its Canadian branch.
• Creditors who have claims against the MRAM branch related to its reinsurance business in Canada.
• It is not clear from the notice whether other groups (for example, brokers or cedants) are directly affected; the notice specifically names policyholders and creditors.

Why it matters#

• If the Superintendent allows the release, the assets the MRAM branch keeps in Canada could be moved or used differently. That could affect how easily Canadian policyholders or creditors can access those assets to cover claims or satisfy debts.
• Anyone worried about the availability of those assets has a direct way to object — they must file by June 15, 2026.