Munich Re Group is one of the world’s leading reinsurers. The company provides a comprehensive range of insurance products, prevention and services. ERGO, a Munich Re subsidiary, is Munich Re’s primary insurance arm. It operates in more than 30 countries, with around 45,000 employees throughout the world. Founded in 1880, the company is headquartered in Munich, Germany. The world’s second-biggest reinsurer recently announced plans to spend €1 billion by 2020 on restructuring operations.