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.
Analysts expect Munich Re to raise Ukraine/Russia reserves in future quarters
11th May 2022
Global reinsurer Munich Re's Q1 2022 loss provisions for the ongoing war in Ukraine were lower than its peers and will rise further in the second-quarter of the year, according to analysts at CFRA Research. Within yesterday's results, Munich Re, one of Europe's major reinsurance companies, revealed a positive result ... Read the full article
Munich Re’s €608m Q1 result “severely impacted” by Ukraine
10th May 2022
German reinsurer Munich Re has posted a net result of €608 million for the first quarter of 2022, improving slightly on the same period last year despite its results being “severely impacted” by the conflict between Russia and Ukraine. Its reinsurance operations contributed €511 million to the consolidated result, compared with ... Read the full article
Cyber pricing acceleration expected to continue through H1: JP Morgan
9th May 2022
Analysts at J.P Morgan have stated that cyber insurance is one of the fastest growing markets within insurance with premiums growing at a 27% CAGR (2017-21), but despite the high growth in the class, analysts have said that profitability is strong, with an average combined ratio of 77% vs 100% ... Read the full article
Munich Re Specialty offering Contract & Commercial surety bonds
5th May 2022
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant, Munich Re, has announced that it is offering Contract and Commercial surety bonds. The bonds will be available in all 50 US states and Puerto Rico, and will be sold through MRSI’s retail broker partners. In addition, the bonds are backed ... Read the full article
Munich Re’s exposure to Russia-Ukraine conflict is “negligible”: Wenning
29th April 2022
Joachim Wenning, Chair of the Board of Management at Munich Re, has assured shareholders that the reinsurer’s exposure to the conflict between Russia and Ukraine is “negligible.” In an address delivered alongside Munich Re’s annual general meeting (AGM), Wenning said that the company will be able to “easily absorb” any direct ... Read the full article
Munich Re’s MEAG launches European office property fund
27th April 2022
Munich Re’s MEAG has launched a new European core office property fund, which will focus on high-quality office properties in prime locations in Europe’s top venues. Both Munich Re and global Spanish insurer, MAPFRE, will be partnering as seed investors, as they will be contributing to the initial asset portfolio with ... Read the full article
Howden, Munich Re & Skyline develop parametric solution for Jamaican farmers
27th April 2022
Broker Howden has partnered with global reinsurer Munich Re and Skyline Partners, a private-equity funded UK insurtech, to develop a parametric insurance solution designed to protect farmers in Jamaica from extreme weather events. With farming being the main the source of income for roughly 18% of the Jamaican population, adverse weather ... Read the full article
Munich Re to buy Clareto
13th April 2022
Munich Re Life US, part of the global reinsurer, has signalled its intent to buy medical record firm Clareto. The reinsurance giant said it had signed a definitive agreement to acquire the firm, which has partnerships with over 25 health information exchanges and electronic health record software vendors. Munich Re said in ... Read the full article
Munich Re may face €500m in Ukraine claims: Jefferies
12th April 2022
Analysts at Jefferies have examined the potential impact of the Russia-Ukraine conflict, European storms and the pandemic, and say they expect that the bulk of Ukraine related claims won’t be booked until the next quarter. In the Jefferies loss model, Munich Re will potentially assume €500m of reinsured claims from the ... Read the full article
Russia-Ukraine conflict driving more exclusions into re/insurance
12th April 2022
The Russia-Ukraine conflict is driving more exclusions into re/insurance, with Munich Re reportedly planning new wordings within its cyber insurance policies to exclude war, to avoid disputes over what is covered, according to Reuters. The war in Ukraine has raised fears of cyber attacks, with the risk that Western businesses or ... Read the full article
Allianz latest to rule out insuring East African Crude Oil Pipeline
11th April 2022
Allianz has become the seventh insurer to commit to not providing coverage to the East African Crude Oil Pipeline (EACOP). The pressure group #StopEACOP says that the insurer has sent it an email to confirm that they will not be ‘providing direct insurance’ to the project since ‘it neither meets our ... Read the full article
Munich Re to provide reinsurance for digital asset product – OneInfinity
11th April 2022
German reinsurance giant Munich Re has announced that it will provide reinsurance capacity and technical underwriting support for the digital asset insurance product – OneInfinity. This comes after Munich Re announced that it has entered into a three-year strategic partnership with virtual insurer, OneDegree Hong Kong Limited (OneDegree) to launch the ... Read the full article
Munich Re will not provide cover for EACOP pipeline
6th April 2022
German reinsurance giant Munich Re has announced that it will not insure the East African Crude Oil Pipeline (EACOP) project. In a press release, Munich Re said that it had set out decarbonisation targets in 2020, for its liabilities, investments and operations. The reinsurance giant is also a member of the United ... Read the full article
Adaption “absolutely key” in world facing growing climate risks: Munich Re’s Rauch
5th April 2022
With increasingly severe floods, storms and wildfires set to make some places “uninhabitable”, and insurance cover too costly, there is now an urgent need for greater investment in making communities more resilient and in adapting to climate impacts, Chief Climate and Geo Scientist at global reinsurance giant Munich Re, Ernst ... Read the full article
Allianz Benelux implements Munich Re’s ALLFINANZ
5th April 2022
Allianz Benelux, a member of the Allianz Group, has implemented Munich Re’s ALLFINANZ suite of products, where the partnership will enable Allianz to speed up the life insurance underwriting journey for Dutch applicants. ALLFINANZ will provide Allianz with complete end-to-end capabilities across automated underwriting and advanced analytics. The ALLFINANZ suite of products ... Read the full article
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