Munich Re Specialty has established a Spanish branch of Munich Re Risk Solutions Ireland, with the intention to begin underwriting in 2025.
The move marks the first phase of a broader strategy to expand Munich Re Specialty’s European footprint, building on its existing operations in the UK, Ireland, and Germany.
Munich Re has appointed Gianluca Piscopo as country manager to lead the upcoming office in Madrid. He joined Munich Re in September 2024, bringing a wealth of experience and expertise from the Spanish market.
Piscopo will drive tactical growth and foster key relationships among brokers and clients, and report to Silvi Wompa Sinclair, CEO at Munich Re Specialty, Global Markets, Europe.
In addition, the company hires Miguel Peces as head of underwriting for the Spanish branch. He joins from Allianz Commercial, where he previously worked as European head of construction.
The firm says it will recruit a number of new roles to support Munich Re Specialty’s work to capture local market opportunities.
Sinclair says: “The insurance market in Spain is vibrant, innovative and high performing, filled with dedicated risk professionals. For these reasons, the country is an excellent launchpad for Munich Re Specialty to prove the value of its European expansion strategy.
“I look forward to working with Gianluca, Miguel, our team and new local partners and clients to meet their challenges.”
