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 appoints Surbhi Goel to lead P&C business in Singapore & Southeast Asia
1st July 2022
Reinsurance giant Munich Re has announced that Surbhi Goel, Managing Director and Head, Property & Casualty (P&C), will lead their P&C business in Singapore & Southeast Asia. In addition to this new role, Goel will report to Roland Eckl, Chief Executive – Japan, India, Korea, Singapore and Southeast Asia. Goel’s appointment is ... Read the full article
Munich Re names new CEO in Singapore
30th June 2022
Global reinsurer Munich Re has appointed Tobias Frenz as the new CEO of its Singapore office. According to the firm, Frenz will be responsible for overseeing Munich Re’s Non-Life and Life & Health Branch in its Singapore regional centre as well as its Life & Health Digital Solutions business in the ... Read the full article
Munich Re implements new surety solution
28th June 2022
Munich Re Specialty Insurance has implemented into production Bond-Pro’s Next Gen surety solution, according to the firm. In a statement, it said that it was bolstering its technology infrastructure with a best-in-class surety automation solution cloud offering via Bond-Pro’s SaaS platform. Munich Re Specialty Insurance reportedly began offering contract and commercial surety ... Read the full article
Munich Re Specialty Group NA promotes Rzeszutko to SVP, Marine Underwriting
27th June 2022
Munich Re Specialty Insurance, a division of German reinsurance giant Munich Re, has promoted Karen Rzeszutko to a new leadership role at Munich Re Specialty Group, North America (MRSG N.A.). Making the announcement on LinkedIn, Munich Re Specialty Insurance said that Rzeszutko has been appointed as Senior Vice President, Marine Underwriting. Within this ... Read the full article
Munich Re best positioned for US storm season – JP Morgan
24th June 2022
Munich Re is best positioned to deal with the seasonal underperformance typically experienced by European reinsurers during the Atlantic hurricane season, according to JP Morgan. Munich Re and Swiss Re typically have the largest share of hurricane losses among the European reinsurers. Munich Re and Swiss Re ... Read the full article
Munich Re backs Amber Group digital asset cover by Arch & OneDegree
21st June 2022
Global digital asset platform Amber Group has secured insurance coverage for its wallet infrastructure from Arch Syndicate 2012 at Lloyd's and insurtech firm OneDegree, which is supported by a multi-year reinsurance partnership with Munich Re. The comprehensive global insurance coverage will protect digital assets held in Amber Group’s wallet infrastructure on ... Read the full article
Cyber attacks increased year-on-year, Munich Re survey shows
10th June 2022
Reinsurance giant, Munich Re recently published the results from its Global Cyber Risk and Insurance Survey 2022. The survey was conducted among more than 7,000 participants from 14 countries. On a global level, data from the survey shows that attacks in ransomware, data breach and online fraud have increased year-on-year. Ransomware ... Read the full article
Munich Re’s HSB Canada announces new commercial service line coverage
9th June 2022
Munich Re’s HSB Canada has announced the introduction of Commercial Service Line – a new coverage that will bridge a potentially costly gap, so that building owners can minimize losses resulting from service line breakdowns. HSB’s Commercial Service Line will be available to partner insurers, and also offer comprehensive coverage for ... Read the full article
C2S partners with Munich Re & Raincoat on parametric flood product
7th June 2022
Climate adaption technology company, Cloud to Street (C2S), has announced a partnership with Munich Re Group and parametric insurance platform, Raincoat, to roll out an at-scale parametric insurance program. Powered by C2S’ industry-leading flood intelligence, the parties say the collaboration marks the first major success of a flood parametric program created ... Read the full article
Munich Re teams up with EvolutionIQ
7th June 2022
EvolutionIQ and Munich Re are teaming up to expand the use of AI-based claims guidance in relation to disability insurance carriers across the US. The agreement between the two firms, announced in a press statement, says that Munich Re will offer disability insurers in the U.S. and Canada direct access to ... Read the full article
Munich Re warns of ‘exceptionally active’ hurricane season
1st June 2022
Munich Re is warning that this year’s hurricane season could be ‘exceptionally active’ in a new outlook just posted on its website. The reinsurance giant said that the main phase of the hurricane season, which is due to start in coming weeks, is likely to be characterised by climatic conditions favourable ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
Munich Re teams up to plant trees in 10m-metre area in Costa Rica
1st June 2022
Reinsurance giant Munich Re has started a new corporate venture called TreeTrust, which aims to plant trees in order to reduce the amount of carbon in the atmosphere. The first project from the venture will see Munich Re and Vaillant Group invest in more than 10 million square metres of former ... Read the full article
Munich Re to continue strategic cooperation with Jolywood
26th May 2022
Reinsurance giant Munich Re, and specialist in N-type PV technology, Jolywood, have announced that they will continue their strategic cooperation, as the two companies will continue joining forces to improve global renewable energy solutions. Munich Re will continue to provide Jolywood with a 12-year warranty for material and a 30-year warranty ... Read the full article
Munich Re issues third green bond
24th May 2022
Munich Re’s placed its first green subordinated bond, which has a volume of $1.25bn, with a coupon of 5.875% that matures in 2042. The reinsurance giant said that the bond underlined its commitment to the Paris Climate Agreement while supporting its strategic goal of tackling climate change through investment in energy ... Read the full article
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