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 develops crypto staking insurance solution for Boerse Stuttgart Digital
12th September 2023
In a groundbreaking move towards enhancing the security and accessibility of staking in Europe, Boerse Stuttgart Digital, a leading player in crypto and digital business among European stock exchange groups, has unveiled a strategic insurance partnership with Munich Re Group. The collaboration aims to offer institutional investors a secure and comprehensive ... Read the full article
Munich Re to increase capacity, if rates and conditions are right: Blunck
11th September 2023
Munich Re, a global leader in reinsurance, is poised to bolster its capacity to meet the ever-evolving challenges of the market environment, as announced by Thomas Blunck, Member of the Board of Management. The company acknowledges the complex uncertainties stemming from factors like inflation, geopolitical risks, deglobalisation, climate change, and cyber ... Read the full article
Underwriting matters again: Stefan Golling, Munich Re
10th September 2023
Stefan Golling, Member of the Board of Management of global reinsurer Munich Re, has underlined the importance of underwriting and focusing on the basics after a number of years of weak results in the primary insurance and traditional reinsurance market. Addressing an audience this afternoon at the annual meeting of the ... Read the full article
Europe’s big four reinsurers saw improved average P&C combined ratio in H1’23: Fitch
23rd August 2023
Europe's big four reinsurers reported an average property and casualty (P&C) combined ratio of 89.2% in the first half of 2023, a 4.1 percentage point improvement on the prior year as the catastrophe load eased, reports Fitch Ratings. The ratings agency highlights that underwriting margins in P&C improved for three of ... Read the full article
Munich Re ranked largest reinsurer for third year running by AM Best
22nd August 2023
After taking the top spot from Swiss Re in 2020, the latest data from ratings agency AM Best confirms that German reinsurer Munich Re remains the world's largest reinsurance company when ranked by gross life and non-life premiums written in 2022. With reinsurance gross premiums written (GPW) of ... Read the full article
S&P revises Munich Re’s outlook to positive on improving diversification
17th August 2023
S&P Global Ratings has affirmed its 'AA-' issuer credit and insurer financial strength ratings on Munich Re, revising its outlook to positive from stable, citing the German reinsurer's ability to defend its excellent competitive position and conservative capital management via further earnings diversification by divisions. Referring to Munich Re's H1 ... Read the full article
Munich Re names Stefan Riedel CUO, Property & Specialty
14th August 2023
Global reinsurance giant, Munich Re's Stefan Riedel has been named Chief Underwriting Officer, Property & Specialty. An experienced veteran across the industry, Riedel has worked for Munich Re for nearly 15 years. In his most recent role at the firm, he served as CUO, Energy, Munich Re Facultative & Corporate. Prior to that ... Read the full article
Favourable reinsurance market conditions likely to sustain into 2025, says Munich Re’s Wenning
10th August 2023
Joachim Wenning, Chairman of the Board of Management and CEO at Munich Re, has said that the global reinsurer expects current, favourable market conditions to persist beyond next year and into 2025. Wenning stated in the recently held Munich Re earnings call, that in Munich Re's view, "the favourable market environment ... Read the full article
Munich Re posts H1 profit of €2.4bn, “on track” to achieve annual target
10th August 2023
Munich Re generated a profit of €2.4bn in H1 of 2023, higher than half of its full year guidance of €4bn, as the firm remains "on track" to achieve its annual target. The firm explained that the higher result during H1 of 2022 was attributable to lower unwinding-of-discount effects and lower ... Read the full article
Overall & insured losses from nat cats in H1 2023 higher than 10-year average: Munich Re
28th July 2023
Reinsurance giant Munich Re has reported overall losses from natural disasters of $110 billion for the first half of 2023, with the insured loss from these events amounting to $43 billion. It is noteworthy that the first half of 2023 is a continuation of the recent run of years with high ... Read the full article
Berenberg pleased with Munich Re’s outlook and core reinsurance market
20th July 2023
Munich Re is currently enjoying one of the best periods in its recent history, with risk-reward remaining very attractive, Berenberg stated as it was reassured by the reinsurer’s management confidence on both the outlook for the business and implicitly for its core reinsurance market. According to Berenberg, Munich Re has suggested ... Read the full article
Beckmann joins Munich Re as CUO Casualty for Lloyd’s & Bermuda Markets and Global Clients
13th July 2023
Lucas Beckmann has joined global reinsurance giant Munich Re in a new position as Chief Underwriting Officer (CUO) Casualty for Lloyd's & Bermuda Markets and Global Clients. Beckmann has over fifteen years of experience working with Munich Re in various roles. He most recently served as the CUO for Munich Re Facultative ... Read the full article
Average ROE of reinsurers in Fitch peer group decreased to 1.2% in 2022
6th July 2023
A group of reinsurers in Fitch Ratings' universe saw their average return on equity (ROE) fall from 8.5% in 2021 to 1.2% in 2022 as mark-downs on investments, high inflation and increased losses from natural catastrophes drove a significant dip in profits. The global reinsurance companies in the peer group are ... Read the full article
Owais Ansari set to become CEO, Life & Health, MENA at Munich Re
4th July 2023
Global reinsurance giant Munich Re has announced that Owais Ansari has been appointed as Chief Executive Officer, Life & Health, Middle East and North Africa (MENA), with effect from September 1, 2023. According to the announcement, his appointment is subject to regulatory approval. In the role, Ansari will be based in Dubai, ... Read the full article
Re/insurance alone cannot absorb all risks from cyber incidents: Munich Re’s Kreuzer
29th June 2023
Collaboration among stakeholders in the risk and insurance industry to tackle evolving cyber risks is essential, a recent report from Federation of European Risk Management Associations (FERMA) has stated, with individuals like Martin Kreuzer, Senior Risk Manager Cyber Risks at Munich Re, highlighting that re/insurance cannot absorb the number ... Read the full article
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