Menu

Reinsurance News

Munich Re

Re/insurance industry set to grow faster than global economy: Munich Re

29th May 2018

The rate of growth of the global re/insurance industry is set to overtake the global economy in 2018 and 2019, with average annual premium growth forecast at 5.3%, compared with global GDP growth of 4.9%, according to Munich Re’s latest Insurance Market Outlook. Munich Re reported that life insurance is set ... Read the full article

Munich Re expects tepid mid-year renewal, but targets U.S. expansion

24th May 2018

Reinsurance giant Munich Re is anticipating a tepid rate environment at the mid-year 2018 reinsurance renewals, but is targeting further growth into the United States market, where its share remains below its global average. Like many other firms Munich Re's expectations for the mid-year June 1 and July 1 reinsurance renewals ... Read the full article

Munich Re backed InsurTech Bestow secures more funding

21st May 2018

Bestow, a Dallas, U.S. domiciled InsurTech company focused on the life insurance sector and which is backed by Munich American Reassurance Company, has announced that it's closed $15 million in Series A funding. The Series A funding was led by Valar Ventures, and included participation from existing investors New Enterprise Associates, Core ... Read the full article

Munich Re and Marsh collaborate on pandemic risk solution

18th May 2018

Munich Re and re/insurance broker Marsh have collaborated on a new pandemic risk insurance solution in conjunction with health analytics firm Metabiota, which aims to protect U.S-based businesses from outbreaks of infectious disease. The new solution, called PathogenRX, will use triggers like Metabiota’s new Pathogen Sentiment Index to help businesses more ... Read the full article

Munich Re sets up $330m Bermuda entity for group life reinsurance

14th May 2018

Global reinsurance giant Munich Re has set up an entity in Bermuda which is going to act as a reinsurance vehicle for certain of the group's life reinsurance risks. Munich Re of Bermuda, Ltd. has been established to take on life risks from across the Munich Re group, acting as an ... Read the full article

Munich Re first-quarter profit rises, expands premiums in April

8th May 2018

Global reinsurance player Munich Re has reported an improved first-quarter result for 2018, with profits rising almost 50% to €827 million, thanks to lower losses. Munich Re's Q1 2018 profit is reported as €827 million, up significantly from the €557 million the reinsurer reported in the prior year, thanks both to ... Read the full article

Munich Re’s full-year profit guidance likely conservative, say analysts

3rd May 2018

Following Munich Re's recent announcement that it expects to record over €800 million in profits for the first-quarter of 2018, analysts at J.P. Morgan say this supports their belief the reinsurer will likely beat its full-year profit guidance for 2018, and through to 2020. For the full-year 2018 Munich Re is ... Read the full article

Munich Re reinsures life portfolio for Iranian insurer Mellat

1st May 2018

Global reinsurance player Munich Re has entered into an agreement with Iranian insurer Mellat Insurance Company, which will see the German reinsurer covering the entire life insurance portfolio of Mellat. Mellat said that it has covered all of the issued life insurance policies under the agreement with Munich Re, as part ... Read the full article

Munich Re unveils Smart Mobility Program to address U.S auto fleet losses

26th April 2018

Munich Re America has introduced its Smart Mobility Program, which offers a toolbox of solutions to address issues surrounding commercial auto losses and reduces the risk of collision for U.S commercial fleets. The Smart Mobility Program will also provide access to LossDetect, an automated text-mining tool that recommends solutions by analysing ... Read the full article

Munich Re “poised” for growth as it targets reduced complexity

25th April 2018

At Munich Re’s 2018 Annual General Meeting (AGM,) Joachim Wenning, Chair of the Board of Management, revealed that the company expects to increase its profits as it braces for growth by reducing operational complexity and embracing digital transformation. Wenning confirmed a profit guidance of €2.1–2.5 billion for 2018, which is higher ... Read the full article

Arch offers mortgage credit assessment services to Munich Re

25th April 2018

Arch Credit Risk Services, a unit of Arch Capital Group, has agreed to provide Munich Re with mortgage credit assessment and underwriting advisory services on a multi-year basis. The services provided by Arch will relate to Munich Re’s involvement in Credit Risk Transfer programs offered by U.S state-sponsored loan companies The ... Read the full article

Munich Re forecasts €800m profit for first-quarter 2018

24th April 2018

Global reinsurance player Munich Re has said it forecasts a profitable first quarter in 2018, with a consolidated result of more than €800 million anticipated. Munich Re had recently lifted its profit guidance for 2018 slightly over the prior year, forecasting better results thanks to improved reinsurance pricing conditions, along ... Read the full article

Munich Re backs InsurTech start-up on AI-driven online sales security

23rd April 2018

Munich Re has tested and re/insured the security algorithm of German-Israeli InsurTech start-up Fraugster, which uses artificial intelligence (AI) technology to instantaneously check whether online payment transactions are fraudulent. Fraugster’s self-learning algorithm allows online sellers to approve transactions faster and more reliably, which reduces costs and boosts profits by limiting the ... Read the full article

Munich Re open to offer from anchor investor: CEO Wenning

23rd April 2018

At a time when reinsurers have been increasingly under pressure, it seems having major financial backers is becoming increasingly attractive and now reinsurance giant Munich Re is said to be open to having an anchor investor on-board. In an interview with Reuters, Munich Re CEO Joachim Wenning said that he would ... Read the full article

Metabiota unveils Pathogen Sentiment Index & agreement with Munich Re, Marsh

20th April 2018

Epidemic risk modeller Metabiota has announced details of its Pathogen Sentiment Index, a tool that enables the estimation of public fear and behavioural change as a result of infectious disease outbreaks, and which is to be used to develop epidemic insurance solutions through an exclusive agreement with reinsurer Munich Re and ... Read the full article

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.