Reinsurance News

Munich Re America

Top 20 U.S. cyber insurers all saw premium growth in 2021

6th October 2022

Of the approximately $4.8 billion of U.S. cyber insurance premiums underwritten in 2021 by the property & casualty (P&C) industry, more than 81% came from the top 20 cyber insurers in the U.S. marketplace, led by global insurer Chubb. Based on research data from rating agency AM Best, ... Read the full article

Top US P&C underwriters saw robust premium growth in 2021

18th July 2022

The top 10 U.S. property & casualty (P&C) underwriters, based on net premiums written, remained unchanged in 2021 when compared with the previous years, while Munich Re Americas moved four places to 15th, making it the highest ranked reinsurer on the list. Our directory of the Top ... Read the full article

17 US reinsurers wrote $22.7bn of net premiums in Q1: RAA

1st June 2022

A group of US property and casualty reinsurers wrote $22.7bn of net premiums during Q1 2022, compared to $17.8bn in the same quarter of the preceding year. These results have just been released by the Reinsurance Association of America (RAA), which surveyed seventeen property and casualty reinsurers. The combined ratio for the ... Read the full article

Munich Re to buy Clareto

13th April 2022

Munich Re Life US, part of the global reinsurer, has signalled its intent to buy medical record firm Clareto. The reinsurance giant said it had signed a definitive agreement to acquire the firm, which has partnerships with over 25 health information exchanges and electronic health record software vendors. Munich Re said in ... Read the full article

Munich Re’s Digital Partners names Courtney Hill President, North America

5th October 2021

Munich Re-owned insurtech Digital Partners has announced the appointment of Courtney Hill as President, North America. Hill will report to Mike Kerner, the Chief Executive Officer of Munich Re Specialty Insurance. Prior to joining Digital Partners in 2018 she worked for three other large insurance carriers in various capacities, including field underwriter, ... Read the full article

Munich Re America hires Alleyne as CLO

9th April 2021

The U.S branch of global reinsurer Munich Re has appointed Richard Alleyne to the position of Chief Legal Officer, Munich Re US P&C Companies. He will be based in Hartford and report to Adrienne Mageras, Chief Operating Officer for Munich Re America Services. Alleyne brings over 20 years of industry experience across ... Read the full article

Munich Re adds new execs to US divisions

4th June 2020

Munich Re has announced that Cathy Smith and Kam Jha have taken up new executive positions at its US subsidiaries Munich Re America Services, Inc. and American Modern. Smith has been appointed Chief Risk and Underwriting Officer at Munich Re America Services, while Jha will succeed Smith as Senior Vice President, ... Read the full article

Munich Re, US promotes Oliver Horbelt to CFO

12th November 2019

Munich Reinsurance America, Inc. (Munich Re, US), the U.S. operations of global reinsurance giant Munich Re, has announced the appointment of Oliver Horbelt as its new Chief Financial Officer, effective November 1st, 2019. In his new role, Horbelt will report to Tony Kuczinski, President and Chief Executive Officer (CEO) of Munich ... Read the full article

Munich Re US names Anita Kuchma COO, Reinsurance Division

9th October 2019

Munich Reinsurance America, Inc. (Munich Re US), a subsidiary of reinsurance giant Munich Re, has appointed Anita Kuchma as Chief Operations Officer (COO) of the Reinsurance Division. In her new role, Kuchma will report directly to Steve Levy, President and Chief Executive Officer (CEO) of the Reinsurance Division at Munich Re ... Read the full article

Munich Re and Validus lead traditional markets in Citizens’ 2019 renewal

27th June 2019

Details around the successful completion of Citizens Property Insurance Corporation's $1.45 billion 2019 reinsurance renewal reveals that Munich Reinsurance America, Validus Reinsurance, Nephila Capital, and D.E. Shaw Re led the placement. After originally targeting a $1.6 billion reinsurance programme for the 2019 hurricane season, Citizens settled on a slightly smaller reinsurance ... Read the full article

Munich Re U.S to offer new personal lines homesharing product

2nd April 2019

Munich Reinsurance America, Inc. (Munich Re U.S) has announced that it plans to offer a new personal lines homesharing insurance product for hosts who rent their homes out for a profit in the U.S. The coverage will help to enhance a personal lines homeowner, renter or condo insurance policy by filling ... Read the full article

Munich Re America reshuffles leadership, structure of reinsurance division

5th February 2019

The U.S branch of global reinsurer Munich Re has created several senior positions and realigned the executive leadership of the organisation's reinsurance division. The division’s Chief Executive Officer and President, Steve Levy, explained that the new positions and realigned U.S reinsurance division executive leadership team reflect a flatter underwriting structure and ... Read the full article

Munich Re launches new commercial U.S inland flood solution

24th July 2018

Munich Reinsurance America, Inc., a subsidiary of reinsurance giant Munich Re, has launched a new U.S commercial inland flood product aimed at small businesses and habitational properties located in low-to-moderate flood zones. The endorsement offers insurance protection for the building, contents (including business property in a basement), business interruption/extra expense, the ... Read the full article

Munich Re America appoints Jean Vernor as Head of Incubator

5th June 2018

Munich Re America has announced the appointment of Jean Vernor to the newly created position of Head of Incubator, New Strategic Markets. Vernor will now be responsible for overseeing Munich Re’s U.S Innovation Lab and business domains focusing on emerging risks, as well as for driving the execution and launch of ... Read the full article

Strong U.S. casualty market growth driven by quota shares: Munich Re’s Steve Levy

1st June 2018

The U.S casualty reinsurance market has experienced strong growth over the last few years, which has largely been driven by quota share business, according to Steve Levy, President and Chief Executive Officer (CEO) of Munich Re U.S’s Reinsurance Division. Levy explained that U.S casualty insurers are increasingly relying on reinsurance to ... Read the full article