Munich Reinsurance Branch Asset Release

Summary#

Munich Reinsurance America, Inc. (the MRAM Branch) says it will ask the Superintendent of Financial Institutions (Canada) for permission to release assets it holds in Canada under the Insurance Companies Act (Canada). The company filed the notice on May 2, 2026, and anyone who objects can send an opposition by June 15, 2026.

What it does#

• Announces that Munich Reinsurance America, Inc. (operating in Canada as a branch) intends to apply for an order allowing it to release the assets it keeps in Canada under the Insurance Companies Act (Canada).
• Invites any policyholder or creditor who opposes that release to file an objection by mail or email on or before June 15, 2026:
  • Mail: Office of the Superintendent of Financial Institutions (Canada), Legislative Approvals and New Entry Division, 255 Albert Street, Ottawa, Ontario K1A 0H2
  • Email: approvals-approbations@osfi-bsif.gc.ca
• The notice was submitted by the company’s solicitors, Stikeman Elliott LLP, on May 2, 2026.

Who's affected#

• Policyholders and creditors with claims or business tied to the MRAM Branch’s reinsurance operations in Canada.
• It is not clear from the notice whether other groups (for example, Canadian insurers that cede business to the branch) would be directly affected.

Why it matters#

• If the Superintendent approves the application, the assets the MRAM Branch holds in Canada could be released or moved.
• That could change the practical security available to pay claims or satisfy creditors tied to the branch’s reinsurance business in Canada.
• People or companies with potential claims should consider the deadline (June 15, 2026) if they want to file an objection.