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 continues to target cyber as top growth area
7th September 2021
Munich Re continues to see “favourable” prospects in the reinsurance market, with cyber, data analytics and artificial intelligence having been identified as the most important growth areas for the company. Discussing the trend of digitalisation within the industry, Board member Torsten Jeworrek asserted that traditional insurance will be “radically changed” by ... Read the full article
Munich Re launches second green bond to support climate strategy
2nd September 2021
Reinsurer Munich Re has launched its second green subordinated bond after a successful issuance in 2020, designed to reinforce its capital base with a focus on emerging growth opportunities in reinsurance markets. The volume of this issue is €1 billion (USD 1.2 billion) and the bond has a coupon of 1% ... Read the full article
Europe’s major reinsurers grew 11% at mid-year 2021 renewals: Litmus Analysis
2nd September 2021
Europe's four major reinsurers renewed roughly €12 billion of treaty premium at the mid-year 2021 reinsurance renewals, with an average risk-adjusted price increase of 2.1%, according to research from Litmus Analysis. The €12 billon of renewed treaty premium represents growth of 11%, which is an improvement on the 5% growth recorded ... Read the full article
HCL partners with Munich Re to create digital workplace
24th August 2021
HCL Technologies (HCL) has entered into a partnership with global reinsurer Munich Re to create a digital workplace for its staff. Building on the successes of its strategic digital transformation partnership with Munich Re, HCL will now modernise and standardise workplace services for more than 16,000 employees in 40 countries. HCL will ... Read the full article
MRSI releases new E&S Management Liability solution
19th August 2021
Munich Re Specialty Insurance (MRSI) has released a new E&S Management Liability solution for private companies and non-profit organisations. The solution delivers customised coverage for difficult exposures regardless of size of risk. Over the past two years, Management Liability coverage has become an increasingly important protection for businesses and organisations as they ... Read the full article
Munich Re Africa promotes Skei to COO
18th August 2021
Global reinsurer Munich Re has appointed Yolanda Skei as the new Chief Operating Officer (COO), Africa. Skei has been with Munich Re for the past 18 years, starting her Munich Re career as head of life claims. She then moved on to work as Internal Consultant, Life Claims back in 2013, where ... Read the full article
Munich Re’s profit rises to €1.1bn despite higher than expected COVID impact
10th August 2021
Global reinsurer Munich Re has announced profit of €1.1 billion for the second quarter of 2021, as profits improved in both its property and casualty (P&C) and life and health (L&H) reinsurance segments despite ongoing losses related to the COVID-19 pandemic. The company's reinsurance operation contributed €951 million to the consolidated ... Read the full article
Munich Re and Sapiens partner on commercial market services
21st July 2021
Munich Re has partnered with Sapiens International Corporation, a provider of software solutions for the insurance industry, to offer technology-led consultancy and services that will enable primary insurers to better serve the commercial insurance market. Initially focusing on small and medium sized businesses in the UK, the partnership also plans to ... Read the full article
Munich Re’s Q2 profit hits €1.1bn; COVID losses in L&H exceed expectations
20th July 2021
Global reinsurer Munich Re has said that while major-loss costs in its property / casualty (P&C) reinsurance operation came in below average for the second-quarter of 2021, COVID-19 had an adverse effect on its life & health (L&H) business in the period. For the second-quarter of 2021, Munich Re has announced ... Read the full article
Sepio Systems partners with Munich Re on hardware mitigation solution
19th July 2021
Security and safety services firm Sepio Systems has partnered with reinsurer Munich Re as part of the launch of its Hardware Access Control Index (HACx), which aims to help organizations improve hardware security. The company offers a rogue hardware mitigation guarantee as part of its HAC-1 solution, whereby Munich Re insures ... Read the full article
Germany floods “very likely” linked to climate change: Munich Re’s Rauch
16th July 2021
Ernst Rauch, Chief Climate and Geo Scientist at Munich Re, has said that events such as the recent catastrophic flooding in Germany are “very likely related to climate change,” and are set to grow in both frequency and intensity. This week’s flooding has impacted many parts of Central and Western Europe, ... Read the full article
Evolution of nat cat events remains a key challenge for the energy space: Munich Re Syndicate’s Timothy Lee
23rd June 2021
The increased unpredictability and severity of natural catastrophe events will continue to be the key challenges for the energy insurance sector, according to Timothy Lee, Energy and Engineering Underwriter, Munich Re Syndicate Singapore. In an interview with Reinsurance News, Lee noted that the energy insurance market continues to harden, although at ... Read the full article
Munich Re Specialty Insurance names Chief Claims Officer
16th June 2021
Munich Re Specialty Insurance (MRSI), a division of German reinsurance giant Munich Re, has announced the appointment of Mary Beth McClellan as Chief Claims Officer. McClellan joined MRSI in 2020 as Head of Claims and previously served as a Casualty Practice Lead over multiple lines of business for XL Catlin, now ... Read the full article
COVID-19 uncertainty remains a key risk for 2021: Munich Re CFO
6th May 2021
While the global vaccination effort is enabling parts of the world to open up and providing people with vital protection against COVID-19, all of which means reduced exposure for re/insurers, uncertainty remains for both the months ahead and the 2020 run-off, according to Christoph Jurecka, Chief Financial Officer (CFO) at ... Read the full article
Munich Re’s Q1 operating result improves on lower COVID impact
6th May 2021
Global reinsurer Munich Re has announced a profit of €589 million for the first quarter of 2021 against €221 million a year earlier, as the operating result spiked owing to a considerably lower impact from COVID-19 losses in the period. For Q1 2021, Munich Re's operating result improved from €397 million ... Read the full article
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