The reinsurance provider's corporate venturing arm is bolstering its portfolio development activities alongside the launch of its latest fund.

Munich Re Ventures, the corporate venturing subsidiary of Germany-headquartered reinsurance group Munich Re, closed its second fund at $500m yesterday. The close of Munich Re Fund II means the unit now has over $1bn of assets under management. It targets investments in developers of insurance, healthcare, transport, cybersecurity, climate, commercial and industrial equipment technology. The…

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