Reinsurance News

Munich Re news

News on one of the world’s largest reinsurance companies Munich Re.

Munich Re is a leading global reinsurance company and our news covers its announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.

Munich Re and Sapiens partner on commercial market services

21st July 2021

Munich Re has partnered with Sapiens International Corporation, a provider of software solutions for the insurance industry, to offer technology-led consultancy and services that will enable primary insurers to better serve the commercial insurance market. Initially focusing on small and medium sized businesses in the UK, the partnership also plans to ... Read the full article

Munich Re’s Q2 profit hits €1.1bn; COVID losses in L&H exceed expectations

20th July 2021

Global reinsurer Munich Re has said that while major-loss costs in its property / casualty (P&C) reinsurance operation came in below average for the second-quarter of 2021, COVID-19 had an adverse effect on its life & health (L&H) business in the period. For the second-quarter of 2021, Munich Re has announced ... Read the full article

Sepio Systems partners with Munich Re on hardware mitigation solution

19th July 2021

Security and safety services firm Sepio Systems has partnered with reinsurer Munich Re as part of the launch of its Hardware Access Control Index (HACx), which aims to help organizations improve hardware security. The company offers a rogue hardware mitigation guarantee as part of its HAC-1 solution, whereby Munich Re insures ... Read the full article

Germany floods “very likely” linked to climate change: Munich Re’s Rauch

16th July 2021

Ernst Rauch, Chief Climate and Geo Scientist at Munich Re, has said that events such as the recent catastrophic flooding in Germany are “very likely related to climate change,” and are set to grow in both frequency and intensity. This week’s flooding has impacted many parts of Central and Western Europe, ... Read the full article

Evolution of nat cat events remains a key challenge for the energy space: Munich Re Syndicate’s Timothy Lee

23rd June 2021

The increased unpredictability and severity of natural catastrophe events will continue to be the key challenges for the energy insurance sector, according to Timothy Lee, Energy and Engineering Underwriter, Munich Re Syndicate Singapore. In an interview with Reinsurance News, Lee noted that the energy insurance market continues to harden, although at ... Read the full article

Munich Re Specialty Insurance names Chief Claims Officer

16th June 2021

Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant Munich Re, has announced the appointment of Mary Beth McClellan as Chief Claims Officer. McClellan joined MRSI in 2020 as Head of Claims and previously served as a Casualty Practice Lead over multiple lines of business for XL Catlin, now ... Read the full article

COVID-19 uncertainty remains a key risk for 2021: Munich Re CFO

6th May 2021

While the global vaccination effort is enabling parts of the world to open up and providing people with vital protection against COVID-19, all of which means reduced exposure for re/insurers, uncertainty remains for both the months ahead and the 2020 run-off, according to Christoph Jurecka, Chief Financial Officer (CFO) at ... Read the full article

Munich Re’s Q1 operating result improves on lower COVID impact

6th May 2021

Global reinsurer Munich Re has announced a profit of €589 million for the first quarter of 2021 against €221 million a year earlier, as the operating result spiked owing to a considerably lower impact from COVID-19 losses in the period. For Q1 2021, Munich Re's operating result improved from €397 million ... Read the full article

Munich Re’s Wenning urges public-private collaboration on systemic risks

29th April 2021

Joachim Wenning, Chief Executive Officer (CEO) of Munich Re Group, has urged governments and the private sector to pool their expertise and capabilities to tackle systemic risks such as pandemics. Speaking at Munich Re’s AGM this week, Wenning argued that, as a systemic risk, pandemic is fundamentally “beyond the boundaries” of ... Read the full article

Munich Re doing ‘more business on better terms’, says CEO Wenning

28th April 2021

Global reinsurer Munich Re expects market hardening to persist in the property / casualty reinsurance sector as it continues to take advantage of favourable conditions, according to its Chief Executive Officer (CEO), Joachim Wenning. The German reinsurance company held its virtual 2021 Annual General Meeting (AGM) this morning, during which CEO ... Read the full article

Munich Re’s consulting unit adopts pricing tech from Akur8

21st April 2021

Munich Re has entered into a global cooperation agreement with Akur8 to boost the pricing capabilities of Munich Re’s Global Consulting Unit. Specifically developed for re/insurance, Akur8’s solution is designed to enhance pricing processes by automating risk and demand modelling, using artificial intelligence proprietary technology. The solution promises a reduction in modelling ... Read the full article

Munich Re forecasts major losses from winter storms, but also a profitable Q1

20th April 2021

Global reinsurer Munich Re has pre-warned that losses in its property / casualty reinsurance segment from major events came in above-average for the first-quarter of 2021, primarily as a result of the severe winter weather in the U.S. in February. The German reinsurer is the latest to comment on the significant ... Read the full article

Munich Re Syndicate launches Retakaful Window

19th April 2021

Munich Re Syndicate Labuan Limited (MRS Labuan) has announced the the launch of the first and only retakaful syndicate on the Labuan platform. Labuan FSA approved the Retakaful Window facility for MRS Labuan to write Syariah-compliant risks with effect from January 2021. It’s hoped the launch of the Retakaful Window will allow ... Read the full article

Munich Re partners with Spectrum Labs for AI safety systems

1st April 2021

Global reinsurer Munich Re has entered into a partnership with Spectrum Labs in order to set a new industry standard for AI-based Trust & Safety systems. Spectrum Labs provides patent-pending technology to consumer internet brands to help identify toxic behaviour online. The partnership will help protect its customers and manage their risk ... Read the full article

HDVI partners with Munich Re & Spinnaker

26th March 2021

Commercial auto insurance business High Definition Vehicle Insurance (HDVI) Group has announced new partnerships with Munich Re Specialty Insurance and Spinnaker Insurance Company. Munich Re Specialty Insurance will support and collaborate with HDVI around its risk solutions, while Spinnaker will serve as the insurance company for the HDVI program. Meanwhile, HDVI’s captive, ... Read the full article

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