Munich Re Specialty, a division of the Munich Re Group, has announced its entry into the Spanish insurance market with the establishment of a branch in Madrid, slated to begin underwriting in 2025. This expansion is part of a broader strategy to enhance its presence in Europe, alongside existing operations in the UK, Ireland, and Germany. Gianluca Piscopo has been appointed as the Country Manager, overseeing the new operations, while Miguel Peces will serve as Head of Underwriting. The company plans to hire additional staff to support its primary specialty business in Spain.
