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 confirms purchase of New York skyscraper
18th December 2019
Munich Re Group has confirmed earlier reports that it is in an agreement to acquire the 39-story 330 Madison Avenue high-rise building in New York City. Reinsurance News previously reported that the German reinsurance giant was in talks to buy the Manhattan building from the Abu Dhabi sovereign wealth fund ... Read the full article
Kokkalas to succeed Kassow on ERGO Germany board
16th December 2019
Theodoros Kokkalas is set to succeed Dr. Achim Kassow as Chairman of the Board of Management of ERGO Germany on 1 May 2020. Kassow, who has been with the group for over three years’, was announced recently as the succsseeor to Hermann Pohlchristoph. Kokkalas has been Chief Executive Officer of ERGO ... Read the full article
Munich Re’s Pohlchristoph to depart board, successor named
12th December 2019
Global reinsurance giant Munich Re has announced Hermann Pohlchristoph’s decision to depart from its management board on 30 April 2020. Pohlchristoph joined the reinsurer in 2002 before serving as its Chief Financial Officer of Reinsurance between 2006 and April 2017. He was appointed to Munich Re’s board in 2017, with responsibility for ... Read the full article
Munich Re’s HSB appoints Director of Business Development & Distribution
10th December 2019
HSB Engineering Insurance, the UK-based arm of Munich Re's Hartford Steam Boiler Inspection and Insurance Company, has announced the appointment of Terry Dyson as Director of Business Development and Distribution, effective immediately. In his new role, Dyson will be tasked with leading the firm's business development team with a focus on ... Read the full article
Munich Re backed Bestow confirms executive appointments
5th December 2019
Bestow, a Dallas, U.S. domiciled InsurTech company focused on the life insurance sector and which is backed by Munich American Reassurance Company as its reinsurer and in other capacities, has announced its executive team, to be led by co-founders Melbourne O'Banion and Jonathan Ablemann. In May of last year, Bestow ... Read the full article
Munich Re makes key Business Development hire for Australia & NZ
27th November 2019
Munich Re has announced the appointment of Alex François as Head of Business Development for its savings and investment business in Australia and New Zealand. Based in Sydney, François will focus on bringing reinsurance capabilities to insurance and superannuation clients in the Australian and New Zealand market. He will also be responsible ... Read the full article
Munich Re expecting hit from Hagibis, but confident in targets
27th November 2019
Reports suggest that Munich Re is expecting to incur a large financial hit in Q4 from Typhoon Hagibis and other catastrophe events, but has nevertheless grown more confident that it will meet its targets for the year, as well as in 2020. Speaking at a press event in Munich on Monday, ... Read the full article
Munich Re more interested in primary insurer acquisitions
26th November 2019
Joachim Wenning, Chief Executive Officer (CEO) of reinsurance giant Munich Re, has said that the company is currently more interested in looking at acquisitions of primary insurers, according to reports from German newspaper Welt. Speaking at an event on Monday evening in Munich, Wenning said that acquisitions of reinsurance firms seemed ... Read the full article
Munich Re completes $200mn oil & gas securitized financing
22nd November 2019
A subsidiary of global reinsurance giant Munich Re, Munich Re Reserve Risk Financing, Inc., has announced the completion of a $200 million securitized financing with Diversified Gas & Oil plc, a U.S. domiciled owner and operator of natural gas, natural gas liquids, oil wells, and midstream assets. Under the terms of ... Read the full article
Munich Re-backed Vouch Insurance raises $45mn in funding
21st November 2019
Vouch Insurance, a platform backed by Munich Re that offers business insurance for start-ups, has secured $45 million of funding in a Series B investment round, led by Y Combinator Continuity. At the same time, Vouch has announced its launch in California, following its initial authorisation in Utah and Illinois ... Read the full article
Munich Re-backed start-up Next Insurance hires execs from Fitbit & Yelp
20th November 2019
Next Insurance, the digital insurtech firm backed by Munich Re, has announced the appointments of former Fitbit executive Melanie Chase as Chief Marketing Officer and former Yelp executive Effi Fuks Leichtag as Chief Product Officer. Next Insurance provides digital small business insurance coverage across the US to over 1,000 types of ... Read the full article
Munich Re, Abu Dhabi wealth fund in $900m NYC real estate deal, reports
20th November 2019
German reinsurance giant Munich Re is set to pay the Abu Dhabi sovereign wealth fund between $850 million and $900 million for its 40-story office building at 330 Madison Avenue, New York, according to reports from The Real Deal. The Abu Dhabi Investment Authority (ADIA) had supposedly seen its initial $800 ... Read the full article
Munich Re Syndicate to leverage ClimaCell’s exclusive weather data
14th November 2019
Reinsurance giant Munich Re's specialist Lloyd's of London Syndicate, Munich Re Syndicate, has entered into a new partnership with weather technology firm, ClimaCell. The partnership follows a successful trial through the Lloyd's Lab and sees Munich Re Syndicate leverage ClimaCell's exclusive weather data to provide clients with actionable insights regarding the ... Read the full article
Munich Re, US promotes Oliver Horbelt to CFO
12th November 2019
Munich Reinsurance America, Inc. (Munich Re, US), the U.S. operations of global reinsurance giant Munich Re, has announced the appointment of Oliver Horbelt as its new Chief Financial Officer, effective November 1st, 2019. In his new role, Horbelt will report to Tony Kuczinski, President and Chief Executive Officer (CEO) of Munich ... Read the full article
Munich Re surpasses Q3 profit prediction, eyes full year target
7th November 2019
Reinsurance giant Munich Re expects to surpass its initial profit and revenue targets overall for 2019 and has reported a third quarter profit of €865 million, up from €483 million in the prior year quarter. This profit represents an increase on the firm’s previous €850 million prediction for the quarter and ... Read the full article
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