Reinsurance News

Deutsche Ruck

Retro cover to cap Deutsche Rück’s Bernd loss at €40-50mn

6th August 2021

German reinsurer Deutsche Rückversicherung AG (Deutsche Rück) has said that it is expecting only a “moderate” net loss of €40 million to €50 million from Storm Bernd, which brought catastrophic flooding to Germany last month. The storm is expected to drive overall economic losses of over $10 billion, with insured ... Read the full article

Deutsche Rück hires Kummer to lead LatAm expansion

11th February 2021

German reinsurer Deutsche Rückversicherung AG (Deutsche Rück) has announced plans to start writing business in Latin America, with a focus on traditional property and casualty business. As part of this expansion, the Düsseldorf-based firm has appointed Florian Kummer as Head of Latin American Markets, effective from 1 December 2020. Kummer has 25 ... Read the full article

Kovrr to help bolster Deutsche Rück’s cyber modelling capabilties

18th December 2020

Cyber risk modeller Kovrr has announced a collaboration with Deutsche Rück designed to help support the reinsurer's cyber risk modelling capabilities. As part of the agreement, Kovrr will implement a platform to provide Deutsche Rück with validation analysis. Kovrr says its solution provides re/insurers with models built bottom-up, utilising data that closely corresponds to ... Read the full article

Deutsche Rück expands into Middle East market

23rd September 2020

German reinsurer Deutsche Rückversicherung AG (Deutsche Rück) has announced that it will start writing business in the Middle East region from January 1, 2021. The move, which was approved by Deutsche Rück’s Supervisory Board on 1 April 2020, will allow the group to write business beyond Europe and the Maghreb countries. The ... Read the full article

Deutsche Rück and VöV Rück commit to sustainable investments

14th October 2019

German reinsurers The Deutsche Rückversicherung Group (Deutsche Rück) and VöV Rückversicherung KöR (VöV Rück) have joined an investor initiative that will see them commit to more sustainable investment practices. The companies signed the Principles for Responsible Investment (PRI), a financial initiative that was established with help from the United Nations back ... Read the full article

Deutsche Rück profits up in 2018 despite underwriting loss

17th May 2019

German re/insurer Deutsche Rückversicherung AG (Deutsche Rück) reported a net profit of €56.0 million, after tax, in 2018 despite turning an underwriting loss, partly driven by claims from weather events such as Storm Friederike/David. The improved result, which was well above the net profit of €3 million recorded in 2018, was ... Read the full article

CEO of Deutsche Rück and Association of German Public Insurers resigns

3rd January 2018

Arno Junke, the Chief Executive Officer (CEO) of German reinsurer Deutsche Rückversicherung AG and the Association of German Public Insurers (VöV), has retired from his positions, effective December 31st, 2017. An announcement reveals that Junke and the companies' supervisory bodies have reached an agreement to terminate their collaboration after almost ten ... Read the full article