Munich Reinsurance America to be reinsured

Summary#

Munich Reinsurance America, Inc. says it will apply to the Superintendent of Financial Institutions (Canada) on or after December 3, 2025, to be reinsured, on an assumption basis, by Munich Reinsurance Company of Canada. A copy of the proposed agreement can be inspected for 30 days after publication (November 1, 2025) at the MRAM Branch chief agency in Toronto or requested by writing or email.

What it does#

• Announces an intended application for approval to have the MRAM branch reinsured, on an assumption basis, by a Canadian affiliate.
• The application is to be made under subsection 587.1(4) of the Insurance Companies Act (Canada).
• The proposed assumption reinsurance agreement will be available for inspection at the MRAM Branch’s Chief Agency at 390 Bay Street, Toronto, Ontario M5H 2Y2 during regular business hours for 30 days after publication.
• A copy will also be provided to a treatyholder on written request to the Toronto address or by email to p0060009947@mroc.com.

Who's affected#

• Treatyholders of the MRAM Branch (policyholders or other parties who have treaties with that branch) are the primary group affected.
• It is not stated whether other businesses, policyholders of related companies, or the broader public will be affected.

Why it matters#

• If approved, the Canadian reinsurer would take on the risks now held by the MRAM Branch, which can change who is legally responsible for those reinsurance obligations.
• Treatyholders get a chance to read the proposed agreement and request a copy. That lets them check any changes that could affect claims handling or financial backing.
• The notice gives clear dates and contact details for anyone who wants to inspect or obtain the agreement.