Ever wonder who insures insurance companies? Munich Reinsurance America is one of the top providers of property/casualty reinsurance in the US. The company is a subsidiary of German firm Munich Re, and it operates as Munich Re in its territories. The firm provides treaty reinsurance (reinsurance for groups or categories of risks) and facultative reinsurance (reinsurance for individually negotiated risks) to both large and small primary insurers. It also offers specialty property/casualty insurance coverage through its American Modern Insurance Group and HSB Group subsidiaries, and its Specialty Markets unit provides risk management and niche coverage for self-insured customers and other entities.