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 names Head of L&H for Spain and Portugal
2nd March 2022
Munich Re has announced the appointment of Daniel Rodríguez as its new Head of Life & Health Business in Spain and Portugal. He will take over the leadership of the Business Development and Client Relations team. Rodríguez joined Munich Re in 2015, and has developed different roles across the region not only ... Read the full article
Munich Re Specialty names Sabrina Hart as President, Excess & Surplus
25th February 2022
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant Munich Re, has appointed Sabrina Hart as the company’s President of Excess & Surplus Lines. She joins MRSI following a 25-year career with a major global insurance carrier, the last seven years as Executive Vice President for the Midwest Region. In ... Read the full article
Munich Re reports highest ever GPW as 2021 profit exceeds target
23rd February 2022
Germany's Munich Re has reported profit of more than €2.9 billion for the 2021 financial year, as gross premiums written (GPW) hit a record high in the period, leading the reinsurer to forecast group profit of €3.3 billion in 2022. In 2021, the company's profit exceeded the target of €2.8 billion ... Read the full article
Munich Re announces €1bn share buy-back and increase in dividend
22nd February 2022
German reinsurance giant Munich Re has announced plans to buy back shares for a maximum value of €1 billion between the completion of its 2022 and 2023 Annual General Meeting (AGM). On the basis of the February 21st share price, the €1 billion share buy-back in the period between April 29th, ... Read the full article
Munich Re predicts a bumpy economic recovery and longer increased inflation
14th February 2022
Munich Re is predicting a bumpy global economic recovery, extended higher interest, and continued supply chain bottlenecks for 2022, according to a new report from the reinsurer. Writing in its Economic Outlook, the organisation said that despite above-trend global growth and receding inflation over the course of the year, uncertainties have ... Read the full article
Munich Re backs $15m funding round for FloodFlash
10th February 2022
Parametric insurtech firm FloodFlash has secured $15 million in a Series A round of funding that was led by Chicago-based Buoyant Ventures with Munich Re Ventures also featuring as an investor. Sony Financial Ventures/Global Brain, MS&AD Ventures and PropTech1 all participated in the round alongside existing investors Pentech, Local Globe and ... Read the full article
Munich Re and Mutual of America enter real estate joint venture
4th February 2022
Global reinsurance giant Munich Re has entered a real estate joint venture with Mutual of America Financial Group to purchase a 25% minority ownership interest in their 320 Park Avenue, New York City, headquarters building. The transaction was advised by MEAG and follows Munich Re’s purchase of 330 Madison Avenue in ... Read the full article
Munich Re US names SCOR’s Haynes Head of Casualty Underwriting
1st February 2022
Global reinsurer Munich Re has appointed Maura Haynes as Head of Casualty Underwriting in the U.S., Reinsurance Division, where she will be based in New Jersey. Haynes previously worked for SCOR for just under six years, holding numerous leadership roles, most recently as US Casualty Team Leader. During her time there, she ... Read the full article
Munich Re’s Digital Partners collaborates with Obie to automate purchasing
26th January 2022
Chicago headquartered Obie, a provider of insurance for landlords and investors, has partnered with Munich Re's Digital Partners on a new offering designed to enable landlords to rapidly obtain bindable insurance quotes for their investment properties. Digital Partners is owned by global reinsurer Munich Re and offers digitally enabled entrepreneurs with ... Read the full article
DUAL NA partners with Munich Re to launch new underwriting platform
21st January 2022
DUAL North America has partnered with Munich Re Syndicate to launch a new Crisis Management underwriting program offering Product Recall and Contaminated Products Insurance products, starting from this month. The team will underwrite and provide specialty claims handling for a broad array of Food & Beverage, Agriculture, Consumer Products, and Manufacturing ... Read the full article
Munich Re Specialty Insurance names new Senior Cyber Underwriter
11th January 2022
Munich Re Specialty Insurance, a division of German reinsurance giant Munich Re, has appointed Monica Tigleanu as Senior Cyber Underwriter, where she will be based in London. Tigleanu has previously worked for Munich Re as a consultant back in 2018, where she held the position for five months. Back in September ... Read the full article
Munich Re calls for urgency as re/insured nat cat losses hit $120bn in 2021
10th January 2022
Globally, the impacts of natural disaster events in 2021 cost the economy a huge USD 280 billion, of which reinsurer Munich Re says approximately USD 120 billion, or 43% were covered by re/insurance protection. The USD 120 billion total is above some other estimates for the year, including Swiss Re's USD ... Read the full article
Munich Re treating climate as systemic risk: analysts
13th December 2021
Analysts at Peel Hunt have noted that Munich Re now appears to be treating climate change as a systemic risk for the re/insurance industry, amid an ongoing rise on the probability of extreme weather events. Last week, Munich Re presented its ESG credentials to financial markets, which included interesting insights in ... Read the full article
Munich Re & National Friendly collaborate on income protection offering
2nd December 2021
Munich Re Automation Solutions Ltd., part of the global reinsurer, has partnered with National Friendly to support the launch of a new income protection proposition. National Friendly has adopted the ALLFINANZ SPARK solution to provide traditionally underserved members with simplified access to income protection. The solution's extensive analytics and reporting capabilities are ... Read the full article
Reale Vida partners with Munich Re on digital life underwriting
25th November 2021
Reale Vida, the Reale Group's Spanish insurer, has partnered with Munich Re to implement automated underwriting across its life insurance operations in Spain. The solution is based on Munich Re’s ALLFINANZ Spark digital new business technology and takes advantage of the reinsurer’s global life underwriting experience and knowledge of the Spanish ... Read the full article