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 teams up to plant trees in 10m-metre area in Costa Rica
1st June 2022
Reinsurance giant Munich Re has started a new corporate venture called TreeTrust, which aims to plant trees in order to reduce the amount of carbon in the atmosphere. The first project from the venture will see Munich Re and Vaillant Group invest in more than 10 million square metres of former ... Read the full article
Munich Re to continue strategic cooperation with Jolywood
26th May 2022
Reinsurance giant Munich Re, and specialist in N-type PV technology, Jolywood, have announced that they will continue their strategic cooperation, as the two companies will continue joining forces to improve global renewable energy solutions. Munich Re will continue to provide Jolywood with a 12-year warranty for material and a 30-year warranty ... Read the full article
Munich Re issues third green bond
24th May 2022
Munich Re’s placed its first green subordinated bond, which has a volume of $1.25bn, with a coupon of 5.875% that matures in 2042. The reinsurance giant said that the bond underlined its commitment to the Paris Climate Agreement while supporting its strategic goal of tackling climate change through investment in energy ... Read the full article
Cyber insurance gap ‘disproportionately high’ – Munich Re
20th May 2022
The insurance gap for cyber products is ‘disproportionately high’, says Munich Re in a new report. The 26-page work, the Munich Re Global Cyber Risk and Insurance Survey 2022, posits that while global cyber premiums are currently $9.2bn annually and are set to reach $22bn in the next three years, the ... Read the full article
Munich Re & Real Vida Seguros to deliver digital life insurance underwriting project in Portugal
19th May 2022
Global re/insurer Munich Re and Real Vida Seguros have announced the execution of a practical and innovative digital underwriting solution, based on technology developed by a subsidiary of the former, to serve the Portuguese life insurance market. The new system is based on tech created by Munich Re Automation Solutions, part ... Read the full article
Munich Re Life US partners with Sparta Science to reduce risk of MSK injury
19th May 2022
Munich Re Life US, the life division of reinsurance giant Munich Re, has announced that it has entered into a strategic partnership with Sparta Science, aimed at reducing the occurrence of musculoskeletal (MSK) injury claims. The partnership will allow Munich Re to offer disability insurance carriers in the US and Canada ... Read the full article
Munich Re launches new AI validation service
17th May 2022
Munich Re has launched a new validation service for trustworthy artificial intelligence. The firm says that the service, called CertAI, validates fully fledged AI systems or AI solutions already in productive use, analysing six different factors – fairness, autonomy and control, transparency, robustness, functional and cyber security, and data protection. It ... Read the full article
Analysts expect Munich Re to raise Ukraine/Russia reserves in future quarters
11th May 2022
Global reinsurer Munich Re's Q1 2022 loss provisions for the ongoing war in Ukraine were lower than its peers and will rise further in the second-quarter of the year, according to analysts at CFRA Research. Within yesterday's results, Munich Re, one of Europe's major reinsurance companies, revealed a positive result ... Read the full article
Munich Re’s €608m Q1 result “severely impacted” by Ukraine
10th May 2022
German reinsurer Munich Re has posted a net result of €608 million for the first quarter of 2022, improving slightly on the same period last year despite its results being “severely impacted” by the conflict between Russia and Ukraine. Its reinsurance operations contributed €511 million to the consolidated result, compared with ... Read the full article
Cyber pricing acceleration expected to continue through H1: JP Morgan
9th May 2022
Analysts at J.P Morgan have stated that cyber insurance is one of the fastest growing markets within insurance with premiums growing at a 27% CAGR (2017-21), but despite the high growth in the class, analysts have said that profitability is strong, with an average combined ratio of 77% vs 100% ... Read the full article
Munich Re Specialty offering Contract & Commercial surety bonds
5th May 2022
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant, Munich Re, has announced that it is offering Contract and Commercial surety bonds. The bonds will be available in all 50 US states and Puerto Rico, and will be sold through MRSI’s retail broker partners. In addition, the bonds are backed ... Read the full article
Munich Re’s exposure to Russia-Ukraine conflict is “negligible”: Wenning
29th April 2022
Joachim Wenning, Chair of the Board of Management at Munich Re, has assured shareholders that the reinsurer’s exposure to the conflict between Russia and Ukraine is “negligible.” In an address delivered alongside Munich Re’s annual general meeting (AGM), Wenning said that the company will be able to “easily absorb” any direct ... Read the full article
Munich Re’s MEAG launches European office property fund
27th April 2022
Munich Re’s MEAG has launched a new European core office property fund, which will focus on high-quality office properties in prime locations in Europe’s top venues. Both Munich Re and global Spanish insurer, MAPFRE, will be partnering as seed investors, as they will be contributing to the initial asset portfolio with ... Read the full article
Howden, Munich Re & Skyline develop parametric solution for Jamaican farmers
27th April 2022
Broker Howden has partnered with global reinsurer Munich Re and Skyline Partners, a private-equity funded UK insurtech, to develop a parametric insurance solution designed to protect farmers in Jamaica from extreme weather events. With farming being the main the source of income for roughly 18% of the Jamaican population, adverse weather ... Read the full article
Munich Re to buy Clareto
13th April 2022
Munich Re Life US, part of the global reinsurer, has signalled its intent to buy medical record firm Clareto. The reinsurance giant said it had signed a definitive agreement to acquire the firm, which has partnerships with over 25 health information exchanges and electronic health record software vendors. Munich Re said in ... Read the full article
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