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.

Underwriters see opioids as mortality threat, only 53% test for use: Munich Re

30th May 2017

A recent survey by reinsurance giant Munich Re shows that over 90% of underwriters are worried about the impact opioid addiction will have on mortality and, perhaps surprisingly, just 53% of surveyed life insurance companies actually test for opioids. The survey included responses from 126 life insurance professionals and was conducted at the Association ... Read the full article

Insurtech Neos gets strategic support and capacity from Munich Re

26th May 2017

Home insurer Neos has formed a strategic partnership with reinsurance giant Munich Re, who has agreed to provide underwriting capacity through a managing general agent (MGA) towards an innovative home insurance product that uses smart home technology to proactively protect homes from fire, water damage and theft. Neos also announced having raised 5 ... Read the full article

Munich Re partners for brownfield soil remediation offering

22nd May 2017

An insurance unit of Germany-based reinsurance giant Munich Re has entered into a new partnership with Reterro, Inc. to develop and offer process substitute performance insurance protection for soil remediation projects. Reterro is a vertically integrated brownfield redevelopment firm that provides comprehensive soil remediation technology for owners of distressed brownfield properties. In ... Read the full article

Munich Re reports Q1 result, on track to hit 2017 profit guidance

9th May 2017

Reinsurance giant Munich Re has reported its first-quarter 2017 results, posting a net result of €557 million (US$436 million), and confirming that it still anticipates to hit its 2017 profit guidance across the Group. The reinsurer today announced that despite increased major loss expenditure in the opening three months of the ... Read the full article

Munich Re & Lincoln Financial partner to bring new life insurance opportunities to the U.S.

8th May 2017

Germany domiciled reinsurance giant Munich Re has partnered with Lincoln Financial Group to develop new life insurance opportunities for Americans with hepatitis C, in light of recent medical advances. The industry-first partnership sees the pair enable the offering of more favourable underwriting ratings for the majority of people afflicted with hepatitis ... Read the full article

Munich Re’s HSB Ventures leads $29mn Next Insurance capital raise

5th May 2017

Munich Re's venture capital subsidiary, HSB Ventures, has led a $29 million Series A round of funding for Next Insurance, an online insurance platform designed for small to medium sized businesses. Reinsurance giant Munich Re's HSB Ventures led the capital raise alongside Markel, Nationwide, and other existing investors, says Next Insurance. "The small ... Read the full article

Munich Re announces changes to its North America executive team leadership

2nd May 2017

Munich Re has announced the appointment of Bernard Naumann to President and Chief Executive Officer (CEO) of the reinsurer's Canada (Life) division as well as additional changes to its North America team leadership. In his new role, Naumann will develop the Canadian reinsurance business strategy for Canada and the Caribbean. He previously worked ... Read the full article

Munich Re hikes dividend, launches new €1bn share buy-back programme

28th April 2017

Munich Re is continuing the trend of returning its excess capital to its shareholders, as the reinsurance firm announces another increase in the dividend it will pay to its shareholders and launched another €1 billion share buy-back programme. In 2016 Munich Re paid its investors a dividend per share of €8.25. ... Read the full article

Ergo on track to return to profitability: Munich Re CEO, Wenning

28th April 2017

Joachim Wenning, who recently commenced his role as Chief Executive Officer (CEO) and Chairman of the Board at reinsurer Munich Re, has expressed support for the company's primary insurance division, Ergo. In recent times investors have expressed concern with the performance of the Ergo unit, which provides a comprehensive range of insurance ... Read the full article

Wenning starts as CEO and Chairman of the Board at Munich Re

27th April 2017

Joachim Wenning has begun his new life as Chief Executive Officer and Chairman of the Board at reinsurance firm Munich Re today, after Nikolaus von Bomhard stepped down yesterday. Wenning had been announced as the new CEO and Chairman in March, when von Bomhard requested to leave the Board of ... Read the full article

Munich Re to hit 2017 profit target despite market conditions

26th April 2017

Reinsurance giant Munich Re said today that it's on track to hit its profit target for 2017 of between €2 billion (US$2.18bn) and €2.4 billion (US$2.62bn) despite a continuation of low interest rates hindering investment returns and persistent, albeit slower reinsurance rate declines, reports Reuters. During the German reinsurer's annual general ... Read the full article

Munich Re US (Life) launches new underwriting training programme

13th April 2017

Reinsurance giant Munich Re's US (Life) division has announced the launch of a new underwriting training initiative, which includes an extensive and comprehensive library and information on financial underwriting. The new training programme was officially introduced to almost 1,000 life insurance underwriters at the Association of Home Office Underwriters Annual Conference in San ... Read the full article

Munich Re and Sompo become major investors in insurtech start-up Trov

7th April 2017

Munich Re’s venture capital subsidairy, HSB Ventures, has led a $45 million investment in technology start-up Trov, that will see the reinsurer act as investor and underwriting partner as the start-up expands into Europe, Asia and South Africa, Reuters reported. Japanese insurer Sompo Holdings has joined forces with the German reinsurance ... Read the full article

Munich Re’s HSB Engineering Insurance appoints biz dev & distribution director

6th April 2017

HSB Engineering Insurance (HSB), the specialist industrial engineering and construction insurance arm of reinsurer Munich Re, has appointed a new business development and distribution director. Richard Slatter joins HSB from a Sales Director role at British Engineering Services. Prior to that he was at RSA Engineering for over 20 years and ... Read the full article

Discipline sees Munich Re’s dividend payouts outpace peers: RBC

31st March 2017

When compared to some of its peers, reinsurance giant Munich Re has an impressive track record on regular dividends, enabling the firm to maintain payouts to investors even in the event of a large insurance industry loss, says RBC Capital Markets. In the period 2000 to 2016 Germany domiciled reinsurer Munich Re ... Read the full article

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