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-backed Sepio Systems hits $15mn in funding

27th March 2020

Global reinsurer Munich Re has acted as lead investor for Sepio Systems, a leader in Rogue Device Mitigation. Following the recent Series A round, Sepio secured an additional $4 million from Munich Re Ventures and Hanaco Ventures, which brings the total investment in the company to $15 million. Alongside the investment, Sepio ... Read the full article

Swiss Re has $250mn exposure to Tokyo Olympics cancellation: CFO Dacey

20th March 2020

Global reinsurance giant Swiss Re has a specific exposure of USD 250 million to the cancellation of the 2020 Tokyo Olympics, and also potential exposure in other lines as a result of the COVID-19 outbreak. Scheduled to commence on the 24th of July 2020, the ability for the Tokyo Olympics to ... Read the full article

Munich Re-backed parametric quake product launched in Mexico by Super

3rd March 2020

Super Seguros Inc., acting through their local subsidiary (which was established as Mexico's first approved insurance MGA), has announced the launch of a new parametric insurance solution to protect against earthquakes for the retail consumer market in Mexico City, backed by reinsurer Munich Re. The new solution, Super Temblor, is a ... Read the full article

Munich Re exceeds FY19 profit target but major losses dent P&C result

28th February 2020

Global reinsurance giant Munich Re has announced that it exceeded its original profit guidance by €200 million in 2019, despite a high impact from catastrophe losses hitting the performance of its P&C reinsurance segment in the fourth-quarter. For the full year 2019, Munich Re has announced profits of €2.7 billion, which ... Read the full article

Munich Re approves €1bn share buy-back

26th February 2020

Reinsurance giant Munich Re is to buy back shares for a maximum total purchase price of €1 billion in the period between 30 April 2020 and, at the latest, the Annual General Meeting on 28 April 2021. Returning capital is one way to reduce the drag excess can cause if there ... Read the full article

Munich Re-backed At-Bay raises $34mn in Series B round

24th February 2020

At-Bay, a cyber insurance start-up writing policies through Munich Re’s HSB Specialty Insurance Company, has announced a $34 million Series B funding round. Led by Munich Re Ventures and Acrew Capital, the new investment brings At-Bay’s total funding to $51 million. At-Bay offers continuous vulnerability monitoring across the perimeter of each portfolio ... Read the full article

Munich Re to partner with American Cancer Society on grants, research

20th February 2020

The US Life division of reinsurance giant Munich Re is partnering with the American Cancer Society on cancer-related research initiatives, as well as helping partially fund two ACS Research Scholar Grants. ACS supports research and training grants in a range of cancer-related disciplines at 57 institutions across the US and since ... Read the full article

Munich Re signs up to UN carbon-neutral investment pledge

14th February 2020

German reinsurer Munich Re has signed up to the Net-Zero Asset Owner Alliance, an international group of institutional investors that have committed to decarbonise their portfolios to net-zero emissions by 2050. Convened by the United Nations (UN), the Alliance aims to help avoid a global temperature increase above the 1.5°C Paris ... Read the full article

Analysts lower Munich Re’s FY19E net income by 8%

12th February 2020

Analysts at J.P. Morgan expect reinsurance giant Munich Re's property and casualty (P&C) segment to fall to an underwriting loss in the fourth-quarter of 2019, while the firm's Life reinsurance division is expected to produce a below run-rate quarter. Overall, analysts expect that Munich Re will report a combined ratio of ... Read the full article

Munich Re names Swiss Re CorSo’s Nieto as Client Executive, South America

6th February 2020

Global reinsurance giant Munich Re has appointed Rodrigo Nieto, formerly of Swiss Re Corporate Solutions, as Client Executive South America (non-life, excluding Brazil), effective February 3rd, 2020. In his new role, Nieto will be based in Bogotá, Colombia, and takes responsibility for Munich Re's non-life initiatives in South America. His appointment reflects ... Read the full article

Munich Re’s HSB warns crypto adoption can raise SME cyber risk

6th February 2020

HSB, part of reinsurance giant Munich Re, has underlined the risks of cryptocurrency after a survey found at least one-third of US small and medium-sized businesses accept it as a payment method. The survey, conducted in conjunction with Zogby Analytics, found that 36% of SMEs accepted cryptocurrency, while 59% of those ... Read the full article

Munich Re announces appointments of Daniel Cenzano & Stephanie Weiler

4th February 2020

Global reinsurer Munich Re has announced the appointment of Daniel Cenzano as the Head of Global Business Communications, and Stephanie Weiler as the Head of Global Brand & Operations. In their new roles, Cenzano will be based in New Jersey, and Weiler in Minnesota, and both will report to Andreas Lampersbach, ... Read the full article

Top reinsurers’ exposure to Wuhan coronavirus, Asia pandemic analysed

23rd January 2020

With official numbers of the Wuhan coronavirus currently standing at 585 confirmed infected and 17 dead, Morgan Stanley analysts have detailed the extent to which the top four European global reinsurers are exposed to pandemic risk in Asia. As of 2018, Munich Re wrote €2.3 billion in premiums in Asia via ... Read the full article

Against its peers, Hannover Re is the main beneficiary from P&C rate rises: MS

15th January 2020

Analysis of Europe's big four reinsurers by Morgan Stanley (MS) states that when compared with its peers, German reinsurance giant Hannover Re is the main beneficiary from improving property and casualty (P&C) rates. In a recent industry report, analysts at Morgan Stanley discuss the current rate environment following the January 1st ... Read the full article

Munich Re pegs insured nat cat losses at $52bn in 2019

8th January 2020

New data from reinsurer Munich Re estimates that natural catastrophes caused global economic losses of $150 billion in 2019, of which $52 billion was covered by re/insurance. Analysts noted that the insured portion of overall losses – slightly above 35% - was broadly in line with the average over the past ... Read the full article

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