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’s Digital Partners collaborates with Obie to automate purchasing
26th January 2022
Chicago headquartered Obie, a provider of insurance for landlords and investors, has partnered with Munich Re's Digital Partners on a new offering designed to enable landlords to rapidly obtain bindable insurance quotes for their investment properties. Digital Partners is owned by global reinsurer Munich Re and offers digitally enabled entrepreneurs with ... Read the full article
DUAL NA partners with Munich Re to launch new underwriting platform
21st January 2022
DUAL North America has partnered with Munich Re Syndicate to launch a new Crisis Management underwriting program offering Product Recall and Contaminated Products Insurance products, starting from this month. The team will underwrite and provide specialty claims handling for a broad array of Food & Beverage, Agriculture, Consumer Products, and Manufacturing ... Read the full article
Munich Re Specialty Insurance names new Senior Cyber Underwriter
11th January 2022
Munich Re Specialty Insurance, a division of German reinsurance giant Munich Re, has appointed Monica Tigleanu as Senior Cyber Underwriter, where she will be based in London. Tigleanu has previously worked for Munich Re as a consultant back in 2018, where she held the position for five months. Back in September ... Read the full article
Munich Re calls for urgency as re/insured nat cat losses hit $120bn in 2021
10th January 2022
Globally, the impacts of natural disaster events in 2021 cost the economy a huge USD 280 billion, of which reinsurer Munich Re says approximately USD 120 billion, or 43% were covered by re/insurance protection. The USD 120 billion total is above some other estimates for the year, including Swiss Re's USD ... Read the full article
Munich Re treating climate as systemic risk: analysts
13th December 2021
Analysts at Peel Hunt have noted that Munich Re now appears to be treating climate change as a systemic risk for the re/insurance industry, amid an ongoing rise on the probability of extreme weather events. Last week, Munich Re presented its ESG credentials to financial markets, which included interesting insights in ... Read the full article
Munich Re & National Friendly collaborate on income protection offering
2nd December 2021
Munich Re Automation Solutions Ltd., part of the global reinsurer, has partnered with National Friendly to support the launch of a new income protection proposition. National Friendly has adopted the ALLFINANZ SPARK solution to provide traditionally underserved members with simplified access to income protection. The solution's extensive analytics and reporting capabilities are ... Read the full article
Reale Vida partners with Munich Re on digital life underwriting
25th November 2021
Reale Vida, the Reale Group's Spanish insurer, has partnered with Munich Re to implement automated underwriting across its life insurance operations in Spain. The solution is based on Munich Re’s ALLFINANZ Spark digital new business technology and takes advantage of the reinsurer’s global life underwriting experience and knowledge of the Spanish ... Read the full article
Fitch highlights strong 9M earnings from Europe’s top 4 reinsurers
15th November 2021
Europe’s four biggest reinsurers are said to have demonstrated strong earnings improvements over the course of 2021’s first nine months, despite what was a period of heavy catastrophe losses for the sector. Fitch Ratings' analysts explained how Munich Re, Swiss Re, Hannover Re and SCOR all posted ... Read the full article
More rate needed, but cat is clearly a profitable line: Munich Re CFO
10th November 2021
While many of the catastrophe prone markets have already experienced hardening over the past few years, higher prices are still required for some of the less impacted geographies and perils, but overall, Munich Re is pleased with the profitability of its catastrophe book, according to its Chief Financial Officer (CFO), ... Read the full article
Munich Re sees Q3 profit rise despite cats denting its reinsurance result
9th November 2021
Global reinsurer Munich Re has reported an improved year-on-year profit for both the third quarter and first nine months of the year, of €366 million and €2.1 billion, respectively, although its property-casualty (P&C) combined ratio trended above 100% for the periods on the back of high catastrophe losses. For the quarter, ... Read the full article
Climate policy will succeed if business needs are met: Munich Re’s Wenning
3rd November 2021
With the world’s eyes on the COP26 summit in Glasgow, Joachim Wenning, Chair of the Board of Management at Munich Re, has assured that climate policy will succeed if it takes into account the “needs of businesses.” In a new report, Munich Re has called for greater collaboration between the private ... Read the full article
Insurtech FloodFlash secures further Munich Re investment
1st November 2021
Munich Re is to provide capacity for the principal business of parametric flood insurtech FloodFlash, which aims to provide rapid-payout flood cover for SMEs and landlords. This is not the first time these two companies have crossed paths; the global reinsurer provided capacity for FloodFlash’s consultancy service in 2020. FloodFlash+ saw ... Read the full article
Munich Re sells 12.1 million Admiral shares, reducing holding to 6%
27th October 2021
German reinsurer Munich Re has sold 12.1 million shares, or 4% of its holding in UK-based insurer Admiral Group at a price of £29.40 per share, leading the carrier's share price to fall by 5.5% on Wednesday morning to £28.80. At 9am, the FTSE 100 index of leading shares was 7 ... Read the full article
Munich Re’s HSB acquires new SMB-focused cybersecurity platform
22nd October 2021
Munich Re-owned specialty insurer HSB has acquired a digital cybersecurity platform from cybersecurity firm Zeguro, including a suite of management tools and services designed for small businesses. The addition of Zeguro’s cyber safety solution and key personnel is expected to strengthen the overall cybersecurity offering of HSB. The platform offers integrated online ... Read the full article
Munich Re announces Bernd & Ida losses of €1.8bn in Q3
19th October 2021
For Q3 2021, global reinsurance giant Munich Re has pre-announced losses of roughly €600 million from the impacts of windstorm Bernd in Europe in July, and losses of around €1.2 billion from Hurricane Ida in the U.S. The cost of Bernd, which resulted in severe flooding and flash floods in Germany ... Read the full article
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