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Reinsurance News

Munich Re

Swiss Re, Munich Re may exceed Q3 cat budgets: analysts

16th October 2019

Global reinsurers Swiss Re and Munich Re may exceed their large loss budgets for Q3 2019, and may be at risk for Q4, according to analysis by Barclays. Meanwhile, London market players such as Hiscox may consider the impact in Japan substantial enough to warn the market. Overall, analysts expects all large ... Read the full article

Munich Re’s automation insurtech eyes mid-tier market

16th October 2019

Munich Re Group's specialist insurtech subsidiary, Munich Re Automation Solutions Ltd, is set to bring its auto-underwriting expertise to the global mid-tier insurance marketplace with one of its SaaS-enabled solutions, ALLFINANZ SPARK. SPARK operates as a hosted service, and provides mid-tier companies with the chance to automate their underwriting processes, explore ... Read the full article

Munich Re’s asset manager MEAG names Andree Moschner Chairman

10th October 2019

It's been announced that Andree Moschner will take over as Chairman of the Management Board of MEAG MUNICH ERGO asset manager GmbH, alongside his responsibilities as member of the Management Board of ERGO Group AG, effective November 1st, 2019. MEAG is the asset manager of reinsurance giant Munich Re and ERGO, ... Read the full article

Munich Re US names Anita Kuchma COO, Reinsurance Division

9th October 2019

Munich Reinsurance America, Inc. (Munich Re US), a subsidiary of reinsurance giant Munich Re, has appointed Anita Kuchma as Chief Operations Officer (COO) of the Reinsurance Division. In her new role, Kuchma will report directly to Steve Levy, President and Chief Executive Officer (CEO) of the Reinsurance Division at Munich Re ... Read the full article

Munich Re expands partnership with AI-powered fraud insurtech FRISS

8th October 2019

Global reinsurer Munich Re has extended its partnership with FRISS, an AI-powered fraud and risk solution provider for the property & casualty insurance sector. This move will see Munich Re and FRISS build on work that has already been done in Latin America and Iberia, offering fraud and risk mitigation support ... Read the full article

Munich Re invests $250mn in Next Insurance start-up

7th October 2019

Reinsurance giant Munich Re has invested $250 million in Next Insurance, an online insurance platform designed for small to medium sized businesses. The German reinsurer was the sole investor in Next Insurance’s Series C funding round, which valued the small-business insurance start-up at more than $1 billion. Based in Palo, Alto, California, ... Read the full article

Munich Re’s HSB develops IoT water damage solution for schools

4th October 2019

The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of reinsurance giant Munich Re, has announced a new customised Internet of Things (IoT) solution for schools. HSB Connected Technologies is designed to monitor buildings and equipment 24/7 to protect against water leaks, freezing pipes, mold, and perishable goods spoilage. The solution’s ... Read the full article

Munich Re rolls out digital underwriting solution for Swedbank

3rd October 2019

Munich Re Automation Solutions Ltd, an insurtech specialist and subsidiary of the Munich Re group, has announced that Swedbank Försäkring has gone live with its digital underwriting solution, ALLFINANZ. The successful installation of ALLFINANZ will create a platform for innovation for Swedbank Insurance business, the parties explained. Swedbank AB is a Nordic-Baltic ... Read the full article

Munich Re sponsoring first Syndicate-in-a-Box at Lloyd’s

1st October 2019

Insurance and reinsurance marketplace Lloyd’s of London has announced that Munich Re will launch the first new ‘Syndicate-in-a-Box’ through its established Lloyd’s vehicle Munich Re Syndicate Limited. The announcement was made as part of the release of Blueprint One yesterday, which outlines how the first phase of Lloyd's strategy for ... Read the full article

Munich Re partners with AAIS to address US flood protection gap

24th September 2019

Munich Re has partnered with not-for-profit advisory organisation the American Association of Insurance Services (AAIS) to focus on improving flood insurance protection for US homeowners. The flood insurance protection gap in the US continues to expand alongside the heightened risk of flood, the partnership noted, particularly for homeowners outside major flood ... Read the full article

AXA LM acquires Munich Re Malaysia’s non-life legacy portfolio

19th September 2019

AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy arm of AXA, has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer is effective from October 1st, 2019 and was made through AXA LM's fund, AXA DBIO II, which invests in run-off portfolios and firms. The ... Read the full article

Vouch Insurance announces launch, backed by Munich Re capacity

19th September 2019

Vouch Insurance, a new insurance company focused on early stage tech start-ups, has announced its launch, with capacity for its policies to be provided by Munich Re. Using an entirely digital platform, Vouch will offer proprietary insurance products and risk assessment tools designed specifically for high growth companies. Vouch also revealed that ... Read the full article

Enstar subsidiary to acquire certain run-off portfolios from Munich Re subsidiaries

12th September 2019

A subsidiary of Enstar Group Limited has signed an agreement with subsidiaries of reinsurance giant Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance. An announcement on the deal notes that it primarily consists of long tail insurance business. In the transaction, which ... Read the full article

Munich Re expects “further stabilisation” of rates: Torsten Jeworrek

11th September 2019

Munich Re is expecting to see “further stabilisation and price increases” in the reinsurance market, according to Torsten Jeworrek, a member of the company’s board of management. Speaking at a briefing during the Reinsurance Rendezvous event in Monte Carlo this week, Jeworrek said that the reinsurance industry had seen “a worldwide ... Read the full article

Gossmann & Cie’s Munich Re backed ExPRO demonstrates reduction in cost of capital

10th September 2019

Expiring Policy Roll-Over (ExPRO), the previously announced legacy product from Gossmann & Cie., which is backed by reinsurer Munich Re, has been piloted in selected insurance portfolios over the last months and has demonstrated a reduction in cost of capital. Announced in the second-half of last year, ExPRO allows the ongoing ... Read the full article

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