Reinsurance 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.
22nd October 2020
Italian insurer Generali has announced a partnership with ALLFINANZ, Munich Re’s insurtech subsidiary. Adopting ALLFINANZ will help Generali to improve the accuracy of its life insurance underwriting decisions by enabling it to automatically manage life insurance applications globally. By harnessing ALLFINANZ, Generali will automate each phase of its life insurance application process, ... Read the full article
21st October 2020
Earthquake insurance underwriter, EQ One, has announced a new relationship with Munich Re Specialty Insurance, a division of Munich Re, to add additional capacity to its earthquake solutions. This new partnership enables EQ One to write larger earthquake risks and serve as a single-source solution for broker partners nationwide, in spite ... Read the full article
20th October 2020
Global reinsurer Munich Re has added a further €800 million of COVID-19-related losses in its reinsurance operation in the third-quarter of 2020, taking its total for the first nine months of the year to €2.3 billion. The German reinsurer explains that the losses were attributable to various lines of business, including ... Read the full article
20th October 2020
Munich Re backed Austrian InsurTech start-up, bsurance, has developed a digital insurance solution for kika/Leiner's furniture stores. The new solution is designed to enable customers to take out extended warranty insurance directly upon purchasing electrical appliances. bsurance worked closely with kika/Leiner to tailor the insurance product to their customer needs. UNIQA ... Read the full article
19th October 2020
The frequency and severity of cyber events is on the rise and as the peril grows in relevance, particularly under COVID-19 conditions, demand for protection is likely to continue to increase, according to Doris Höpke, Member of the Board of Management at Munich Re. As the ongoing pandemic continues to restrict ... Read the full article
19th October 2020
After years of eroding rates from excess capacities and low major-loss expenditure, Munich Re says low interest rates, exacerbated by the coronavirus pandemic, are impacting the profitability of reinsurers. As a result, insurance covers are likely to become more expensive, particularly for long-term risks in third-party liability and other lines. Munich Re ... Read the full article
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
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
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
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
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
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
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
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
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
