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-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
Munich Re’s ERGO strengthens presence in China
29th October 2019
ERGO, the primary insurance arm of reinsurance giant Munich Re, has signed a "strategic partnership agreement for insurance business" with innovative, China-based automobile manufacturer, Great Wall Motors. The agreement was completed by ERGO board members Markus Rieß and Karsten Crede, and is embedded in the organisational structure of ERGO China, although ... Read the full article
Munich Re sees new possibilities for managing risk in data & AI
21st October 2019
Reinsurer Munich Re sees data analytics and artificial intelligence as key tools to open up new possibilities for managing and covering risk, and for supporting insurers across the entire value chain. “At Munich Re, our goal is to pioneer digital solutions for the insurance industry,” said Doris Höpke, Member of the ... Read the full article
Munich Re US names Juan Herrera as Head of Diversity & Inclusion
18th October 2019
Munich Reinsurance America, Inc. (Munich Re US), a subsidiary of reinsurance giant Munich Re, has announced the appointment of Juan Herrera as its first full-time Head of Diversity & Inclusion. Based in Princeton, New Jersey, Herrera will report to Brian Viscusi, U.S. Regional Head of Human Resources. He will be tasked with ... Read the full article
Munich Re announces €850mn result in Q3 despite cats
18th October 2019
Despite the costly impacts of catastrophe events in the period, global reinsurance giant Munich Re produced a consolidated result of approximately €850 million in the third-quarter of 2019. The German reinsurer states that the Q3 result is driven by good operational performance, strong currency gains, and a very good investment result, ... Read the full article
Swiss Re, Munich Re may exceed Q3 cat budgets: analysts
16th October 2019
Global reinsurers Swiss Re and Munich Re may exceed their large loss budgets for Q3 2019, and may be at risk for Q4, according to analysis by Barclays. Meanwhile, London market players such as Hiscox may consider the impact in Japan substantial enough to warn the market. Overall, analysts expects all large ... Read the full article
Munich Re’s automation insurtech eyes mid-tier market
16th October 2019
Munich Re Group's specialist insurtech subsidiary, Munich Re Automation Solutions Ltd, is set to bring its auto-underwriting expertise to the global mid-tier insurance marketplace with one of its SaaS-enabled solutions, ALLFINANZ SPARK. SPARK operates as a hosted service, and provides mid-tier companies with the chance to automate their underwriting processes, explore ... Read the full article
Munich Re’s asset manager MEAG names Andree Moschner Chairman
10th October 2019
It's been announced that Andree Moschner will take over as Chairman of the Management Board of MEAG MUNICH ERGO asset manager GmbH, alongside his responsibilities as member of the Management Board of ERGO Group AG, effective November 1st, 2019. MEAG is the asset manager of reinsurance giant Munich Re and ERGO, ... Read the full article
Munich Re US names Anita Kuchma COO, Reinsurance Division
9th October 2019
Munich Reinsurance America, Inc. (Munich Re US), a subsidiary of reinsurance giant Munich Re, has appointed Anita Kuchma as Chief Operations Officer (COO) of the Reinsurance Division. In her new role, Kuchma will report directly to Steve Levy, President and Chief Executive Officer (CEO) of the Reinsurance Division at Munich Re ... Read the full article
Munich Re expands partnership with AI-powered fraud insurtech FRISS
8th October 2019
Global reinsurer Munich Re has extended its partnership with FRISS, an AI-powered fraud and risk solution provider for the property & casualty insurance sector. This move will see Munich Re and FRISS build on work that has already been done in Latin America and Iberia, offering fraud and risk mitigation support ... Read the full article
Munich Re invests $250mn in Next Insurance start-up
7th October 2019
Reinsurance giant Munich Re has invested $250 million in Next Insurance, an online insurance platform designed for small to medium sized businesses. The German reinsurer was the sole investor in Next Insurance’s Series C funding round, which valued the small-business insurance start-up at more than $1 billion. Based in Palo, Alto, California, ... Read the full article
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