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 adds Stefan Golling to Board
15th October 2020
Munich Re has announced the appointment of Stefan Golling to its Board of Management. Golling will be succeeding Peter Röder’s position in Management of the Global Clients and North America Division. Röder has chosen to step down from December 31st after 30 years at Munich Re, 14 of which he spent on the ... Read the full article
Munich Re partnership targets manufacturing industry
15th October 2020
Munich Re is entering into a strategic partnership with German industrial machine manufacturing group TRUMPF on a new service designed to make customers' production processes more flexible and react faster to market changes. By using a "pay-per-part model" customers are able to use a full-service laser machine without having to buy or ... Read the full article
Munich Re Specialty Insurance names Elizabeth Kramer as CUO
13th October 2020
Munich Re Specialty Insurance, a division of German reinsurance giant Munich Re, has announced the appointment of Elizabeth Kramer, formerly of Zurich North America, as its new Chief Underwriting Officer (CUO). In her new role, Kramer will report to Mike Kerner, Munich Re Specialty Insurance's Chief Executive Officer (CEO), and will ... Read the full article
Munich Re introduces Lawyers Professional Liability coverage
9th October 2020
Global reinsurer, Munich Re has announced the introduction of Lawyers Professional Liability (LPL) insurance, an errors and omissions policy specially designed for mid-size law firms. The LPL policy provides up to $5 million in primary or excess liability coverage for errors or omissions that cause financial harm to another person or ... Read the full article
Munich Re Automation Solutions to invest €16mn in R&D program
8th October 2020
Dublin-based Munich Re Automation Solutions, a subsidiary of the global reinsurer, is set to invest roughly €16 million in a research & development program and transform it into a platform company The investment in Horizons, also based in Dublin, is supported by the Irish Government through IDA Ireland and will enable the ... Read the full article
Munich Re partners with property tech firm Spruce on US title insurance
30th September 2020
Munich Re has partnered with property technology firm Spruce to help bring cost-effective title insurance fueled by automation to the U.S. market. The partnership will see Munich Re leverage Spruce's proprietary API-driven technology. In addition, US homeowners, investors, and lenders will continue to have access to Spruce's digital real estate transaction process. Spruce ... Read the full article
Munich Re’s ERGO in multi-year capacity deal with CLS Risk Solutions
29th September 2020
Munich Re subsidiary ERGO UK has signed a multi-year capacity agreement with property development, investment and transaction Managing General Agent CLS Risk Solutions. ERGO UK has been CLS RS’ primary capacity partner for the last ten years. CLS RS considers the deal a vote in confidence and says it will allow the ... Read the full article
Munich Re’s HSB expands small business cyber cover
28th September 2020
Munich Re subsidiary HSB has announced an expansion of its cyber insurance and loss prevention services for small and mid-size businesses. HSB Total Cyber now includes new coverages for computer attacks, data system upgrades, and system failures from unintentional computer outages. HSB Total Cyber is available to US-based SMBs through independent insurance agents ... Read the full article
Thomas Braune appointed CEO of Munich Re subsidiary, NewRe
28th September 2020
Munich Re subsidiary New Reinsurance Company has announced the appointment of Dr Thomas Braune as its Chief Executive Officer. Braune joined Munich Re in 1992 and was most recently in charge of the reinsurers' life and health reinsurance business in Europe, Latin America and the Middle East. He brings over 25 years' ... Read the full article
Munich Re’s HSB renews Cyberwrite risk platform subscription
25th September 2020
Cyber risk analytics firm, Cyberwrite and member of Munich Re Risk Solutions family, HSB have announced that HSB is renewing its subscription to Cyberwrite's cyber risk financial quantification platform to offer tailored cyber insurance policies to businesses across the US. Due to the dramatic increase in remote workforces and a steep ... Read the full article
CoreLogic & Munich Re partner on climate risk modelling
24th September 2020
Property information and analytics provider CoreLogic has partnered with Munich Re to model climate risk exposures for individual properties in Australia and New Zealand. The partnership will combine Munich Re’s climate analytical capabilities with CoreLogic’s property data coverage and connection to banking, valuation, insurance and real estate systems. Together, they will aim ... Read the full article
Munich Re, Alphabet-backed insurtech Next secures $250mn in funding
24th September 2020
Next Insurance, the digital insurtech firm backed by Munich Re, has raised $250 million in a Series D financing round led by Alphabet's independent growth fund, CapitalG. Alphabet is the parent company of Google and several former Google subsidiaries. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors. Next Insurance ... Read the full article
Munich Re strengthens capital base with green bond issuance
24th September 2020
Global reinsurer Munich Re has issued a subordinated green bond for the first time in its history, with the volume issued totalling €1.25 billion (USD 1.46 billion). The German reinsurance company says that the bond proceeds will be invested in renewable energies and the like, while the issuance also bolsters the ... Read the full article
Munich Re leads financing round for Indian insurtech startup
17th September 2020
It has been announced that Munich Re has led the financing round for an Indian insurtech startup, Acko. The startup, which is taking on India’s outdated insurance industry with a digital-first product that has already received backing from Amazon, today announced a new financing round. So far it has raised $60 million ... Read the full article
Munich Re to partner with digital agriculture firm Farmers Edge
15th September 2020
Global reinsurer Munich Re is partnering with digital agriculture firm, Farmers Edge, on data-driven parametric weather insurance solutions. Farmers Edge says Munich Re’s reinsurance expertise will help combat risks associated with parametric coverage while also establishing business resiliency amid the COVID-19 pandemic. The Farmers Edge risk management platform FarmCommand helps automate all ... Read the full article
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