Munich Re America Corporation offers a range of property and casualty insurance solutions. It is one of the leading reinsurers in the United States. The corporation operates a national/broker clients division and provides automobile, agricultural, ocean marine, surety, general liability and political risk insurance services. Munich Re America Corporation also offers insurance coverage for workers compensation and professional liability. Its subsidiaries include American Alternative Insurance Corporation and the Princeton Excess and Surplus Lines Insurance Company. In addition, Munich Re America Corporation maintains regional clients and specialty markets divisions. The corporation is a member of Munich Re Group, which operates more than 50 locations throughout the world. Founded in 1880, the group maintains a staff of over 43,000 employees.