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 launches customised drone insurance cover

6th July 2017

Munich Re America, a division of reinsurance giant Munich Re, has launched a new commercial drone insurance product offering a customised liability solution for small to medium-sized clients of insurers. The new product comes in response to increased opportunities for drone use in the U.S. after Federal Aviation Agency (FAA) Rule ... Read the full article

Munich Re names two new Executive Vice Presidents

5th July 2017

Munich Re U.S. Life has announced Marc-André Giguère's promotion to Executive Vice President (EVP) of Reinsurance, and Micheal Taht as newly promoted EVP of Research Analytics and Underwriting. Prior to joining Munich Re in 2015, Giguère worked in the U.S. for 20 years with Ernst & Young and Towers Perrin. Michael DeKoning, President ... Read the full article

Munich Re names ex-Allianz Chairman Zimmerer to supervisory board

5th July 2017

Global reinsurance firm Munich Re has appointed Maximilian Zimmerer, previously the Chairman of the Allianz board, to the Supervisory Board of Munich Re with effect from 4th July 2017. Zimmerer succeeds Peter Gruss, who resigned his seat on the Supervisory Board as of 30th June 2017, having been a Board member ... Read the full article

Munich Re Specialty Group names Celine Ang Head of Asia

3rd July 2017

Munich Re Specialty Group, a division of reinsurance giant Munich Re, has appointed Celine Ang as Head of Asia, effective August 1st, 2017. Ang will be based in the firm's Singapore office, and will take on responsibility for Munich Re' syndicate offices throughout the region. She joins Munich Re Specialty Group from Euler Hermes, ... Read the full article

Reinsurance industry helps World Bank secure $500m pandemic facility backing

29th June 2017

The global reinsurance industry has collaborated with and assisted the World Bank's launch of specialist bonds to support the $500 million Pandemic Emergency Financing Facility (PEF), which is designed to rapidly disburse funds to eligible countries facing a major disease outbreak. In response to the high financial, social and economic loss driven ... Read the full article

Munich Re partners with Community Association Underwriters of America

28th June 2017

Reinsurance giant Munich Re is partnering through its U.S. Specialty Markets branch with the Community Association Underwriters of America (CAU), a managing general agency and division of Alliant Specialty Insurance Services. From July, Munich Re's US-affiliated carriers will insure CAU’s existing business and also offer its client base a number of ... Read the full article

Munich Re names Jinzenji CEO Japan, as branch expands to non-life

27th June 2017

Global reinsurance firm Munich Re's Japan operations officially become a composite branch of July 1st 2017, and the reinsurer is expanding its offerings from the branch to include non-life products, as well as life, while Brian Jinzenji has been named CEO. Jinzenji officially becomes Chief Executive Officer and Representative of the ... Read the full article

Munich Re backed carrier ONE acquired by InsurTech wefox

26th June 2017

A digital insurance carrier backed and reinsured by global player Munich Re is to be integrated into InsurTech start-up wefox's platform as an innovation partner from September 2017, as wefox acquires ONE. Wefox said that it is integrating digital insurer ONE, which was launched in 2016 by former Zurich Insurance ... Read the full article

Munich Re sets up protected cell company in Malta, report

19th June 2017

German and global reinsurance player Munich Re has registered a protected cell insurance vehicle on the island domicile of Malta. The Times of Malta first reported that the reinsurer registered a protected cell company a few weeks ago, which would be able to underwrite re/insurance business, and that this could provide ... Read the full article

Munich Re leads Grenfell Tower reinsurance, fire loss seen at £25m+

15th June 2017

The insurer of the Grenfell Tower apartment building in London's Royal Borough of Kensington and Chelsea, that was the site of a tragic fire this week, has said that the insurance loss is anticipated at over £25 million ($31.8m) and said that Munich Re is its lead provider of reinsurance. The ... Read the full article

Cyber growth to drive increased profitability at Munich Re, says J.P. Morgan

15th June 2017

J.P. Morgan has maintained that reinsurance giant Munich Re will beat its conservative full-year 2017 net profit target and also increased its full-year 2018 and 2019 profit estimates for the reinsurer, driven by an expectation of continued cyber growth. The German domiciled reinsurer announced in March a 2017 profit guidance of ... Read the full article

Reinsurers express regret at Trump’s exit of the Paris Climate Agreement

2nd June 2017

Reinsurance giants Swiss Re and Munich Re have added their voices to the growing international condemnation of Trump’s decision to exit the Paris Climate Agreement. The Swiss reinsurer -  which has been researching climate change and its effects for the past 30 years - said; "we can say: it is a ... Read the full article

Ergo sees greater annual profit contribution to Munich Re

2nd June 2017

Ergo Group, the primary insurer of reinsurance giant Munich Re, has revealed plans to generate increasing profit for the reinsurer moving forward after the successful restructuring of its operations. After launching a full-scale restructuring project in 2016 the Ergo Group is now structured to operate more efficiently, with the firm citing ... Read the full article

Munich Re buys another wind farm, to further diversify investments

1st June 2017

Global reinsurance firm Munich Re has signed an agreement with Eolus, the Swedish wind power developer, which will see all the shares in a wind farm development being acquired by the reinsurers MEAG asset management unit. Investment returns remain vital to reinsurers, perhaps more so in the low yield environment, but ... Read the full article

Munich Re strengthening presence across Asia-Pacific

31st May 2017

Reinsurance firm Munich Re has been placing an increasing focus on the Asia-Pacific region, ensuring its operations and leadership are structured in the best manner to support its clients. The reinsurer recognises the importance of the region, as a source of risk premium growth, with client relationships deemed as one of ... Read the full article

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