Munich Re has agreed to buy an additional 11% of the shares in Global Aerospace Underwriting Managers Limited, the company that manages the Global Aerospace Pool.
The acquisition brings Munich Re’s total shares up to 51%, with the remaining 49% split with a subsidiary of Warren Buffett’s Berkshire Hathaway.
“We are fortunate in having the backing of two such strong and committed shareholders,” Nick Brown, Global Aerospace’s Group Chief Executive Officer (CEO), commented.
“Munich Re has long had a strategic interest in increasing its investment in Global, and this deal achieves that, while ensuring that Berkshire Hathaway continues to have a very significant interest. For our customers, pool-members and employees it is business as usual,” Brown said.
Munich Re said its share of the Pool will increase by 5% from 1st January, 2019.











