In a statement, Munich Re said that the investment is supported by the Irish Government through its foreign investment agency, IDA Ireland. With the investment, Horizons will recruit a new team to complement its existing staff in Dublin and “accelerate the development of new cloud products/services.”
Munich Re added that it plans to fill up to 60 positions over the coming 24 months.
“Horizons’ cloud-native digital platform and business process optimisation will enable the company to scale from 100s to 1,000s of customers and make Munich Re Automation Solutions the natural choice technology partner for life insurers worldwide,” Munich Re said in its statement.
Tánaiste and minister for enterprise, trade & employment Leo Varadkar welcomed the announcement and wished Munich Re the “very best with this expansion, which will see 60 new jobs based in Dublin.”
“The company has been steadily growing its presence here over the last years and today’s announcement underlines the company’s commitment to Ireland,” said Varadkar. “This announcement shows that Ireland offers the right conditions – particularly our skilled and talented workforce – to allow companies like Munich Re to undertake advanced and novel research and development here.”
“This is an ideal time to join our team, as we map our technology to our long-term business plan,” said Ross Mayne, chief executive officer of Munich Re Automation Solutions. “The re-imagined business has never been more relevant to our growing base of customers globally, and the way we are executing shows the winning mentality, expanding commitment to our customers, and strong culture of Munich Re.”
