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 reported close to selling some run-off ERGO life units

27th September 2017

Global reinsurance player Munich Re has been reported to be on the verge of offloading some of its primary life insurance units that are in run-off, with a legacy disposal or reinsurance to close transaction the most likely outcome. It's been reported in the German media and by Reuters that the ... Read the full article

Bestow partners with Munich Re to develop life insurtech platform

22nd September 2017

Bestow has partnered with the U.S. life and disability reinsurance division of Munich Re, Munich American Reassurance Company, to develop new life solutions for Bestow's on-demand life insurance platform. The partnership aims to leverage insurtech to redefine how the industry markets insurance through offering consumers a new way to research, buy, ... Read the full article

Munich Re expects Q3 loss, lower profits, on Harvey and Irma losses

14th September 2017

Reinsurance giant Munich Re said that it may have an unprofitable third-quarter and that its full-year profit target is now at risk due to the losses expected from hurricanes Harvey and Irma. The combination of the two events is expected to result in high insurance and reinsurance industry losses, Munich Re ... Read the full article

Irma and Harvey will drive uncertainty at renewals: Munich Re’s Jeworrek

11th September 2017

In the middle of the 2017 hurricane season weather conditions are causing high intensity storms and hurricanes to form in the Atlantic basin, and with the industry still waiting for the tally from Harvey and now Irma, reinsurers will have to go into renewals under a cloud of "uncertainty." Speaking at ... Read the full article

Drover & Munich Re unit partner to launch product for ride-sharing drivers

7th September 2017

Drover and Munich Re’s Digital Partner have partnered to offer ride-sharing drivers and fleet owners bespoke insurance. Clients will be able to buy, renew and maintain policies online through Drover’s online car marketplace platform. Felix Leuschner, CEO and co-founder of Drover, said; "This partnership between Drover and Munich Re will deliver game-changing ... Read the full article

50% of potential Harvey insured loss expected to be covered by reinsurance: J.P. Morgan

25th August 2017

As hurricane Harvey continues its track towards the state of Texas as a Category 2 storm, expected to intensify to a Category 3 storm as it makes landfall late Friday or early Saturday, the expected loss remains uncertain. However, J.P. Morgan expects roughly 50% of the insured loss to be ... Read the full article

Munich Re acquires interest of Starwood Energy wind farms

25th August 2017

Munich Re has expanded its energy investment portfolio with the purchase of 49% of Starwood Energy Group's interest in two Texas wind farms, likely as a diversifying investment for its asset-side operations. The energy focused private investor, Starwood Energy, sold its interests in the Horse Creek and Electra wind farms in Haskell and ... Read the full article

JLT & Munich Re partner to offer Philippines parametric storms cover

25th August 2017

JLT and Munich Re have announced a partnership to develop and offer an innovative parametric insurance cover, One Storm, for typhoon and tropical cyclone risk in the Philippines. The typhoon cover allows risk holders to outsource typhoon risks that had previously been uninsurable such as loss prevention costs, overtime costs, revenue losses, ... Read the full article

LTCG to acquire LifePlans, related services & assets from Munich Re U.S.

22nd August 2017

Long term care administrator, LTCG, has announced that it will acquire LifePlans, Inc. and its Canadian unit, LifePlans LTC Services, Inc., in a deal that covers the purchase of LifePlans' long term care and related risk management services and assets from Munich Re, U.S. (Life). Under the definitive agreement, Munich Re, ... Read the full article

Metabiota launches epidemic risk platform, signs agreement with Munich Re

22nd August 2017

Global reinsurer Munich Re and In-Q-Tel, Inc. have signed strategic agreements with epidemic risk modeller, Metabiota, which has announced the launch of the industry's first commercial risk modelling platform and preparedness index for epidemic risks. One of the world's largest reinsurance companies, Munich Re, and In-Q-Tel, an investor that focuses on ... Read the full article

Munich Re releases cyber exposure cover for oil & gas sector

21st August 2017

Munich Re's syndicate at Lloyd's of London has expanded its cyber solutions to include cyber exposure cover for the independent oil and gas sector, which goes beyond traditional data breaches to cover physical losses or expenses associated with cyber-attacks. The operational and financial complexity of this particular sector presents growing threats to ... Read the full article

European reinsurers’ cat budgets strong, only a very large loss will turn pricing: RBC

17th August 2017

With the peak of the Atlantic hurricane season approaching uncertainty remains for European reinsurers driven by the potential for large losses, but with annual catastrophe budgets being relatively high, only the most severe loss event would start a turn in the market, according to RBC Capital Markets. Based on historical data, September ... Read the full article

InsurTechs won’t be able to disrupt the entire industry: Munich Re’s Jeworrek

14th August 2017

As a flurry of InsurTech and FinTech startups continue to enter the global insurance and reinsurance industry, undoubtedly some will be very good and should be promoted for the industry, however, they will not be able to disrupt the entire risk transfer space, according to Torsten Jeworrek, Munich Re's Chief ... Read the full article

AMP expands reinsurance agreements in a move to release capital

10th August 2017

AMP has announced a series of new reinsurance agreements to release about AUS$500 million as part of a strategy to reduce capital held by the Australian wealth protection business, and to reduce future earnings volatility. The new reinsurance arrangements include Gen Re and Munich Re increasing their reinsurance cover share, and ... Read the full article

Munich Re beats expectations, although reinsurance clearly pressured

9th August 2017

Reinsurance giant Munich Re reported a decline in its second-quarter profits this morning, as lower reinsurance profitability eclipsed improved performance in its Ergo primary division. However the reinsurer beat analyst expectations and remains on track for its 2017 targets. Pressures in the reinsurance market continue to be evident in the largest ... Read the full article