Reinsurance News
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
17th April 2018
Munich Re Digital Partners, a subsidiary of global reinsurer Munich Re that invests in InsurTech start-ups, has appointed Angela Homm as Global Chief Financial Officer (CFO), and as Senior Director of Risk & Finance for its U.S team, effective April 23rd, 2018. As CFO, Homm will be responsible for Digital Partners' ... Read the full article
9th April 2018
Global reinsurance firm Munich Re has hired Rebecca Rycroft from actuarial consultancy Oliver Wyman to become the new Chief Financial Officer (CFO) for its Canadian life and health business. Rebecca Rycroft has been appointed as Senior Vice President and Chief Financial Officer for Munich Re, Canada effective April 9th 2018. "Rebecca is ... Read the full article
22nd March 2018
As Munich Re invests in digital transformation, Chairman of Munich Re's Board of Management Joachim Wenning said in his letter to shareholders, the strategy is not to imitate business models of data and internet companies but to enhance core business and push back boundaries by adding digital elements. The reinsurance giant ... Read the full article
21st March 2018
Munich Re is launching a new clean energy initiative in conjunction with the African Trade Insurance Agency (ATI) and the European Investment Bank (EIB), which will offer coverage against a range of political risks in sub-Saharan Africa, and is expected to unlock US $1.4 billion of investment. The initiative, called the ... Read the full article
21st March 2018
Munich Re’s Chairman of the Reinsurance Committee, Torsten Jeworrek, placed the onus on insurers and reinsurers to adapt product offerings to better suit client needs after 2017's catastrophe levels highlighted the extent of the global protection gap (the gap between insured and economic losses post-event). In 2017 economic losses from natural ... Read the full article
19th March 2018
Global, Germany-based reinsurance giant Munich Re is looking to transform its business model in order to get closer to the client, essentially reshuffling the value chain with the help of technology and digitisation to reduce complexities and boost efficiency. As part of its recent annual 2017 recap and 2018 outlook, Munich ... Read the full article
16th March 2018
In his annual letter to shareholders, Munich Re’s Chairman of the Board, Joachim Wenning, outlined a positive forecast for the company’s future, despite the challenges of 2017, citing rising reinsurance prices and new market opportunities for profitable business as factors that will drive growth. Wenning prefaced his outlook by acknowledging the ... Read the full article
15th March 2018
Global reinsurance player Munich Re expects to shed roughly 900 personnel over the coming months, as the company seeks to save EUR 200 million, with the majority of the staff to be lost from the reinsurance business. Speaking this morning during the reinsurers press briefing in Munich, CEO Joachim Wenning said ... Read the full article
15th March 2018
Reinsurance giant Munich Re has lifted its guidance for 2018 slightly over the prior year, as it anticipates higher profits on the back of improved pricing conditions, along with continued progress from its primary arm ERGO over the coming year. Munich Re forecasts profits of between €2.1 billion and €2.5 billion ... Read the full article
8th March 2018
The American Insurance Association (AIA) has elected Anthony Kuczinski, President and Chief Executive Officer (CEO) at Munich Reinsurance America, a division of global reinsurer Munich Re, as Chairman of its Board of Directors. Elected at AIA’s March, 2018 Board meeting, Kuczinski is set to succeed Chris Swift, Chairman and CEO at The ... Read the full article
2nd March 2018
Munich Reinsurance America, Inc. has announced that Cheryl Jones is to be appointed as its new Head of Human Resources, and will join the Munich Re America Executive Leadership Team. Jones’ new position will see her responsible for driving efficiency and enhancing employee engagement, retention, and recruitment. She will now report ... Read the full article
1st March 2018
Munich Re's ERGO has agreed on a life portfolio management partnership in cooperation with IBM Deutschland which will see the insurer migrate the management of its book of six million traditional life insurance contracts to a new IT platform. Clemens Muth, member of the Executive Board of ERGO Group AG responsible for ... Read the full article
28th February 2018
HSB Engineering Insurance (HSB) has appointed Jeff Herdman and Craig Scarr as new non-executive directors of the company, which is owned by reinsurance giant Munich Re. Herdman, who is currently non-executive director appointments at the Swansea Building Society and Tasker Insurance Group, is to become an independent non-executive director and Chairperson ... Read the full article
22nd February 2018
Global reinsurance giant Munich Re has signed a cooperation agreement with international technology and service company Bosch, in an effort to develop new solutions for connected manufacturing in Industry 4.0. The agreement was signed on February 22nd, 2018 at the Bosch ConnectedWorld conference, and is the first Internet of Things (IoT) ... Read the full article
