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’s HSB creates new Commercial Division
21st July 2022
Munich Re-owned specialty insurer HSB (UK & Ireland) has announced the formation of its new Commercial Division, creating a closer alignment between the firms business development, underwriting and claims teams. The Commercial Division will deliver a more collaborative and seamless customer experience for brokers, insurers and MGAs. In a press release, HSB noted ... Read the full article
Munich Re could face Russian jet loss via war risk policies: Jefferies
15th July 2022
Analysts at investment bank Jefferies have contended that Munich Re faces a “non-trivial” exposure to the ongoing aviation crisis concerning jets stranded in Russia, possibly via its “war risk” policies. Munich Re has a 49.96% share of Global Aerospace, which is on the all-risks cover for aircraft lessing giant Aercap, which ... Read the full article
Munich Re’s COVID claims persisting beyond expectations: Jefferies
14th July 2022
Analysts at Jefferies have reported that Munich Re’s COVID-19 claims on the life reinsurance side of its business have lasted far longer than anticipated, contrary to the market’s initial views. At Munich Re's recent management meetings, a key discussion point was the ongoing impact of COVID claims to the reinsurer’s life ... Read the full article
Inflationary recession is key concern – GAEF
12th July 2022
Central banks need to take decisive action to tame rampant inflation, rein in underlying inflation expectations and repair their damaged credibility. That was the consensus among more than 20 members of the Geneva Association Economic Forum (GAEF) Network, comprised of chief economists and chief strategy officers from the ... Read the full article
Munich Re will adjust to climate change to supply nat cat cover – Goldman
6th July 2022
Munich Re has a “strong appetite for nat cat” and believes they have the skills and capabilities to write it, according to a statement by Goldman Sachs, following a management meeting on June 30th. However, investors have questioned whether reinsurance companies should decrease natural catastrophe exposure ... Read the full article
WTW adds Munich Re & AXA Climate as capacity providers for expanded reef project
5th July 2022
WTW, along with the Mesoamerican Reef Fund (MAR Fund) and the InsuResilience Solutions Fund has appointed Munich Re and AXA Climate as the insurance capacity providers that will support the MAR Insurance Programme, a central pillar of MAR Fund’s Reef Rescue Initiative. Using a model designed by WTW that captures the ... Read the full article
Munich Re appoints Surbhi Goel to lead P&C business in Singapore & Southeast Asia
1st July 2022
Reinsurance giant Munich Re has announced that Surbhi Goel, Managing Director and Head, Property & Casualty (P&C), will lead their P&C business in Singapore & Southeast Asia. In addition to this new role, Goel will report to Roland Eckl, Chief Executive – Japan, India, Korea, Singapore and Southeast Asia. Goel’s appointment is ... Read the full article
Munich Re names new CEO in Singapore
30th June 2022
Global reinsurer Munich Re has appointed Tobias Frenz as the new CEO of its Singapore office. According to the firm, Frenz will be responsible for overseeing Munich Re’s Non-Life and Life & Health Branch in its Singapore regional centre as well as its Life & Health Digital Solutions business in the ... Read the full article
Munich Re implements new surety solution
28th June 2022
Munich Re Specialty Insurance has implemented into production Bond-Pro’s Next Gen surety solution, according to the firm. In a statement, it said that it was bolstering its technology infrastructure with a best-in-class surety automation solution cloud offering via Bond-Pro’s SaaS platform. Munich Re Specialty Insurance reportedly began offering contract and commercial surety ... Read the full article
Munich Re Specialty Group NA promotes Rzeszutko to SVP, Marine Underwriting
27th June 2022
Munich Re Specialty Insurance, a division of German reinsurance giant Munich Re, has promoted Karen Rzeszutko to a new leadership role at Munich Re Specialty Group, North America (MRSG N.A.). Making the announcement on LinkedIn, Munich Re Specialty Insurance said that Rzeszutko has been appointed as Senior Vice President, Marine Underwriting. Within this ... Read the full article
Munich Re best positioned for US storm season – JP Morgan
24th June 2022
Munich Re is best positioned to deal with the seasonal underperformance typically experienced by European reinsurers during the Atlantic hurricane season, according to JP Morgan. Munich Re and Swiss Re typically have the largest share of hurricane losses among the European reinsurers. Munich Re and Swiss Re ... Read the full article
Munich Re backs Amber Group digital asset cover by Arch & OneDegree
21st June 2022
Global digital asset platform Amber Group has secured insurance coverage for its wallet infrastructure from Arch Syndicate 2012 at Lloyd's and insurtech firm OneDegree, which is supported by a multi-year reinsurance partnership with Munich Re. The comprehensive global insurance coverage will protect digital assets held in Amber Group’s wallet infrastructure on ... Read the full article
Cyber attacks increased year-on-year, Munich Re survey shows
10th June 2022
Reinsurance giant, Munich Re recently published the results from its Global Cyber Risk and Insurance Survey 2022. The survey was conducted among more than 7,000 participants from 14 countries. On a global level, data from the survey shows that attacks in ransomware, data breach and online fraud have increased year-on-year. Ransomware ... Read the full article
Munich Re’s HSB Canada announces new commercial service line coverage
9th June 2022
Munich Re’s HSB Canada has announced the introduction of Commercial Service Line – a new coverage that will bridge a potentially costly gap, so that building owners can minimize losses resulting from service line breakdowns. HSB’s Commercial Service Line will be available to partner insurers, and also offer comprehensive coverage for ... Read the full article
C2S partners with Munich Re & Raincoat on parametric flood product
7th June 2022
Climate adaption technology company, Cloud to Street (C2S), has announced a partnership with Munich Re Group and parametric insurance platform, Raincoat, to roll out an at-scale parametric insurance program. Powered by C2S’ industry-leading flood intelligence, the parties say the collaboration marks the first major success of a flood parametric program created ... Read the full article
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