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 promotes Yaoling Bai to new role in Beijing
28th September 2022
Munich Re in China has promoted Yaoling Bai to the role of senior property treaty underwriter and nat cat consultant. Bai has been with the firm since February 2019 when she joined as a property treaty underwriter. Prior to this, she worked for RMS for nearly two-and-a-half years as senior product ... Read the full article
Munich Re aims to push boundaries of climate insurability, say leaders
23rd September 2022
Executives at Munich Re say the company is aiming to “push the boundaries of insurability” in its efforts to help understand and mitigate the impacts of climate change. Speaking at a briefing during the 2022 RVS event in Monte Carlo last week, leaders at the German reinsurance company said they see ... Read the full article
Reinsurer nat cat experience year-to-date has been mixed, says JP Morgan
15th September 2022
According to a report from JP Morgan, Europe's big four reinsurers had mixed natural catastrophe experiences during the first half of 2022. It notes Munich Re is the only company to see losses below expectations at ~60% of the H1 budget, with only ~30% of the full-year budget utilized so far. ... Read the full article
Reinsurers risk irrelevancy if cyber demand isn’t met: Munich Re
15th September 2022
Senior executives at Munich Re have warned that the re/insurance industry “might lose relevance” if it doesn’t find ways to meet the growing demand for cyber cover with new products and services. Speaking at the reinsurer’s 2022 RVS briefing in Monte Carlo this week, CEO of Reinsurance Torsten Jeworrek noted that ... Read the full article
Munich Re projects 2-3% growth for reinsurance sector by 2024
13th September 2022
Analysts at Munich Re have projected that the reinsurance sector will grow by 2-3% worldwide from 2022 to 2024, despite the numerous headwinds facing the market. Alongside the 2022 RVS event in Monte Carlo this week, Munich Re flagged extreme inflation, rising interest rates and asset slumps as challenges for the ... Read the full article
Munich Re has no ambition to shrink capacity: Jeworrek
11th September 2022
Munich Re has no ambition to shrink its capacity on offer at the upcoming January 2022 renewals, according to Torsten Jeworrek, CEO of Reinsurance and a member of the Board of Management at the German reinsurance giant. Speaking during a press briefing at this year’s RVS event in Monte Carlo, Jeworrek ... Read the full article
Capital adequacy remains a key strength for Europe’s big four: Moody’s
31st August 2022
According to a Moody’s Investors Service report, falling bond and equity prices resulted in a significant decline in reported shareholders' equity, though capital adequacy remains a key strength for Europe’s big four reinsurers, confirming the cohort's capacity to absorb future shocks. Rising rates were positive for the sector’s regulatory Solvency II ... Read the full article
Nat cats a key consideration for Europe’s big four reinsurers in H2, says Moody’s
30th August 2022
Natural catastrophes have weakened Europe’s big four reinsurers' results in H1, and with the peak North Atlantic hurricane season still to come, there is a risk that they might do so again in H2, says a Moody’s investors service report. The four reinsurers reported combined net profits of €1.9bn in the ... Read the full article
Europe’s big four see P&C reinsurance underwriting performance deteriorate: Moody’s
26th August 2022
Europe’s big four average net combined ratio from property and casualty (P&C) reinsurance deteriorated to 98.9% from 95.5% a year earlier, with only Munich Re reporting a stronger P&C combined ratio, says Moody’s. The report suggests that the group's weaker P&C underwriting performance partly reflects several small to mid-sized natural catastrophe ... Read the full article
“European reinsurers underperforming market so far this year” – Goldman Sachs
25th August 2022
A new note from Goldman Sachs says that all four large European cap reinsurers have underperformed the market so far in 2022. The firm said that this was because of higher inflation, higher weather losses, potential Russia/Ukraine losses, and COVID losses. It wrote: “However, we have seen some of these issues and ... Read the full article
Munich Re remains the world’s largest reinsurance company
17th August 2022
After taking the top spot last year, global reinsurer Munich Re remains the world's largest reinsurance company, with gross life & non-life reinsurance premiums written of more than $46.8 billion in 2021, as shown by our directory of the Top 50 Global Reinsurance Groups. The directory is ... Read the full article
Munich Re Specialty appoints new Head of Inland Marine
10th August 2022
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant Munich Re, has announced the appointment of Jaymee Parker as Vice President and Head of Inland Marine. Parker is an experienced insurance and risk management professional with strong leadership and sales experience. She specializes in Inland Marine insurance and ocean ... Read the full article
Munich Re expects increased inflation pressure to be manageable, says CEO
9th August 2022
Joachim Wenning, Chief Executive Officer (CEO) and Chair of the Board of large European reinsurer Munich Re, has said that while inflationary pressures are on the rise, the firm expects this to be a manageable risk. Speaking this afternoon to investors and analysts following the release of its Q2 and ... Read the full article
Munich Re posts robust Q2 with strong organic growth in P&C
9th August 2022
Reinsurer Munich Re has announced a profit of €768 million and €1.4 billion for the second-quarter and first half of 2022, respectively, driven by a solid performance across the Group as it took advantage of growth opportunities at the mid-year renewals. The Q2 profit figure of €768 million compares with €1.1 ... Read the full article
Munich Re’s MEAG joins $500M equity investment in Longroad Energy
2nd August 2022
Longroad Energy Holdings has announced a $500 million equity investment by Munich Re’s MEAG. Longroad Energy affirmed that the investment will support their strategic shift from a primarily “develop to sell” business model, to one that is oriented more towards ownership. Longroad Energy says that this will accelerate the expansion of ... Read the full article
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