It should not be confused with American Family Home Insurance Company, a subsidiary of Munich Re subsidiary American Modern Insurance Group, Inc..
In 2008 Midland and its subsidiaries were purchased by Munich Re, an international company with approximately 47,000 employees doing business in more than 40 countries.
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American Modern’s ultimate parent is Munich Re, one of the 100 largest companies in the world in annual revenue.
After serving as the Chief Executive of the Hong Kong office of Munich Re for four years, Chan became a member of the Munich Re China Advisory Board and focused on his Legislative Council role.
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Investment banks and Inter Dealer Brokers that are active in the trading and issuance of catastrophe bonds include Aon Benfield Securities, Inc., BNP Paribas, Tullett Prebon, Swiss Re Capital Markets, GC Securities (a division of MMC Securities Corp. and affiliate of Guy Carpenter), Goldman Sachs, Munich Re Capital Markets, Barclays Capital, Deutsche Bank, JP Morgan, and Willis Capital Markets.