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Munich Re

Munich Re reports Q1 result, on track to hit 2017 profit guidance

9th May 2017

Reinsurance giant Munich Re has reported its first-quarter 2017 results, posting a net result of €557 million (US$436 million), and confirming that it still anticipates to hit its 2017 profit guidance across the Group. The reinsurer today announced that despite increased major loss expenditure in the opening three months of the ... Read the full article

Munich Re & Lincoln Financial partner to bring new life insurance opportunities to the U.S.

8th May 2017

Germany domiciled reinsurance giant Munich Re has partnered with Lincoln Financial Group to develop new life insurance opportunities for Americans with hepatitis C, in light of recent medical advances. The industry-first partnership sees the pair enable the offering of more favourable underwriting ratings for the majority of people afflicted with hepatitis ... Read the full article

Munich Re’s HSB Ventures leads $29mn Next Insurance capital raise

5th May 2017

Munich Re's venture capital subsidiary, HSB Ventures, has led a $29 million Series A round of funding for Next Insurance, an online insurance platform designed for small to medium sized businesses. Reinsurance giant Munich Re's HSB Ventures led the capital raise alongside Markel, Nationwide, and other existing investors, says Next Insurance. "The small ... Read the full article

Munich Re announces changes to its North America executive team leadership

2nd May 2017

Munich Re has announced the appointment of Bernard Naumann to President and Chief Executive Officer (CEO) of the reinsurer's Canada (Life) division as well as additional changes to its North America team leadership. In his new role, Naumann will develop the Canadian reinsurance business strategy for Canada and the Caribbean. He previously worked ... Read the full article

Munich Re hikes dividend, launches new €1bn share buy-back programme

28th April 2017

Munich Re is continuing the trend of returning its excess capital to its shareholders, as the reinsurance firm announces another increase in the dividend it will pay to its shareholders and launched another €1 billion share buy-back programme. In 2016 Munich Re paid its investors a dividend per share of €8.25. ... Read the full article

Ergo on track to return to profitability: Munich Re CEO, Wenning

28th April 2017

Joachim Wenning, who recently commenced his role as Chief Executive Officer (CEO) and Chairman of the Board at reinsurer Munich Re, has expressed support for the company's primary insurance division, Ergo. In recent times investors have expressed concern with the performance of the Ergo unit, which provides a comprehensive range of insurance ... Read the full article

Wenning starts as CEO and Chairman of the Board at Munich Re

27th April 2017

Joachim Wenning has begun his new life as Chief Executive Officer and Chairman of the Board at reinsurance firm Munich Re today, after Nikolaus von Bomhard stepped down yesterday. Wenning had been announced as the new CEO and Chairman in March, when von Bomhard requested to leave the Board of ... Read the full article

Munich Re to hit 2017 profit target despite market conditions

26th April 2017

Reinsurance giant Munich Re said today that it's on track to hit its profit target for 2017 of between €2 billion (US$2.18bn) and €2.4 billion (US$2.62bn) despite a continuation of low interest rates hindering investment returns and persistent, albeit slower reinsurance rate declines, reports Reuters. During the German reinsurer's annual general ... Read the full article

Munich Re US (Life) launches new underwriting training programme

13th April 2017

Reinsurance giant Munich Re's US (Life) division has announced the launch of a new underwriting training initiative, which includes an extensive and comprehensive library and information on financial underwriting. The new training programme was officially introduced to almost 1,000 life insurance underwriters at the Association of Home Office Underwriters Annual Conference in San ... Read the full article

Munich Re and Sompo become major investors in insurtech start-up Trov

7th April 2017

Munich Re’s venture capital subsidairy, HSB Ventures, has led a $45 million investment in technology start-up Trov, that will see the reinsurer act as investor and underwriting partner as the start-up expands into Europe, Asia and South Africa, Reuters reported. Japanese insurer Sompo Holdings has joined forces with the German reinsurance ... Read the full article

Munich Re’s HSB Engineering Insurance appoints biz dev & distribution director

6th April 2017

HSB Engineering Insurance (HSB), the specialist industrial engineering and construction insurance arm of reinsurer Munich Re, has appointed a new business development and distribution director. Richard Slatter joins HSB from a Sales Director role at British Engineering Services. Prior to that he was at RSA Engineering for over 20 years and ... Read the full article

Discipline sees Munich Re’s dividend payouts outpace peers: RBC

31st March 2017

When compared to some of its peers, reinsurance giant Munich Re has an impressive track record on regular dividends, enabling the firm to maintain payouts to investors even in the event of a large insurance industry loss, says RBC Capital Markets. In the period 2000 to 2016 Germany domiciled reinsurer Munich Re ... Read the full article

Time for reinsurance prices to stop falling and start rising: J.P. Morgan

27th March 2017

Munich Re's recently announced conservative and reduced profit guidance for 2017 suggests it's time for reinsurance prices to cease falling and start increasing, a trend that could be supported by the slowed entry of alternative capital and more moderated reserve releases across the industry, says J.P. Morgan. A recent note on ... Read the full article

Digitalisation & innovation to drive profitability: Munich Re

23rd March 2017

Outgoing Munich Re Chief Executive Officer (CEO), Niklaus von Bomhard, said in a recent conference on the reinsurer's earnings he was “absolutely sure” the company would improve as a result of the digitalisation revolution, referring to a double-pronged focus on innovation to drive profitability. Bomhard emphasized that innovation and digitalisation rewriting the ... Read the full article

Have to be “determined” to let business go: Munich Re CEO

21st March 2017

There's ample opportunity for insurers and reinsurers in emerging markets in both developed and developing countries, but it's important to be able to walk away from business where the margin simply isn't adequate in a softening landscape, according to outgoing Munich Re Chief Executive Officer (CEO), Nikolaus von Bomhard. During the ... Read the full article

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