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.
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
Munich Re’s HSB clients achieve strong ROI using IoT tech
4th April 2022
HSB - a commercial insurance underwriting division of global reinsurer, Munich Re has announced that its top 10 Internet of Things (IoT) customers achieved an average return on investment (ROI) of 506% in 2021, by preventing millions of dollars of potential property and equipment losses. The milestone was achieved through Sensor ... Read the full article
Activists urge Munich Re and Lloyd’s to stop insuring EACOP Pipeline
29th March 2022
Environmental activists are calling for Munich Re and Lloyd's to follow other global re/insurers by no longer insuring the East African Crude Oil Pipeline (EACOP). The campaign #StopEACOP has been urging for a number of the worlds largest re/insurance companies to pull back from the scheme. On the campaign’s website it states ... Read the full article
Munich Re to utilise AI driver tech from Netradyne
16th March 2022
Munich Re America Services has announced that it plans to use Driver•i technology from Netradyne within its Smart Mobility Program to help its clients reinforce good driver behaviour. The reinsurer will add Netradyne's AI-enabled camera system to its list of approved risk solutions for commercial fleet clients. Munich Re's Smart Mobility team ... Read the full article
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
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