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 HSB develops IoT water damage solution for schools
4th October 2019
The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of reinsurance giant Munich Re, has announced a new customised Internet of Things (IoT) solution for schools. HSB Connected Technologies is designed to monitor buildings and equipment 24/7 to protect against water leaks, freezing pipes, mold, and perishable goods spoilage. The solution’s ... Read the full article
Munich Re rolls out digital underwriting solution for Swedbank
3rd October 2019
Munich Re Automation Solutions Ltd, an insurtech specialist and subsidiary of the Munich Re group, has announced that Swedbank Försäkring has gone live with its digital underwriting solution, ALLFINANZ. The successful installation of ALLFINANZ will create a platform for innovation for Swedbank Insurance business, the parties explained. Swedbank AB is a Nordic-Baltic ... Read the full article
Munich Re sponsoring first Syndicate-in-a-Box at Lloyd’s
1st October 2019
Insurance and reinsurance marketplace Lloyd’s of London has announced that Munich Re will launch the first new ‘Syndicate-in-a-Box’ through its established Lloyd’s vehicle Munich Re Syndicate Limited. The announcement was made as part of the release of Blueprint One yesterday, which outlines how the first phase of Lloyd's strategy for ... Read the full article
Munich Re partners with AAIS to address US flood protection gap
24th September 2019
Munich Re has partnered with not-for-profit advisory organisation the American Association of Insurance Services (AAIS) to focus on improving flood insurance protection for US homeowners. The flood insurance protection gap in the US continues to expand alongside the heightened risk of flood, the partnership noted, particularly for homeowners outside major flood ... Read the full article
AXA LM acquires Munich Re Malaysia’s non-life legacy portfolio
19th September 2019
AXA Liabilities Managers (AXA LM), the non-life re/insurance legacy arm of AXA, has completed the acquisition of the non-life legacy portfolio of Munich Re Malaysia. The portfolio transfer is effective from October 1st, 2019 and was made through AXA LM's fund, AXA DBIO II, which invests in run-off portfolios and firms. The ... Read the full article
Vouch Insurance announces launch, backed by Munich Re capacity
19th September 2019
Vouch Insurance, a new insurance company focused on early stage tech start-ups, has announced its launch, with capacity for its policies to be provided by Munich Re. Using an entirely digital platform, Vouch will offer proprietary insurance products and risk assessment tools designed specifically for high growth companies. Vouch also revealed that ... Read the full article
Enstar subsidiary to acquire certain run-off portfolios from Munich Re subsidiaries
12th September 2019
A subsidiary of Enstar Group Limited has signed an agreement with subsidiaries of reinsurance giant Munich Re to acquire certain portfolios from their Australian branches of Great Lakes Insurance and HSB Engineering Insurance. An announcement on the deal notes that it primarily consists of long tail insurance business. In the transaction, which ... Read the full article
Munich Re expects “further stabilisation” of rates: Torsten Jeworrek
11th September 2019
Munich Re is expecting to see “further stabilisation and price increases” in the reinsurance market, according to Torsten Jeworrek, a member of the company’s board of management. Speaking at a briefing during the Reinsurance Rendezvous event in Monte Carlo this week, Jeworrek said that the reinsurance industry had seen “a worldwide ... Read the full article
Gossmann & Cie’s Munich Re backed ExPRO demonstrates reduction in cost of capital
10th September 2019
Expiring Policy Roll-Over (ExPRO), the previously announced legacy product from Gossmann & Cie., which is backed by reinsurer Munich Re, has been piloted in selected insurance portfolios over the last months and has demonstrated a reduction in cost of capital. Announced in the second-half of last year, ExPRO allows the ongoing ... Read the full article
Munich Re announces new risk analysis services for wildfire & hurricane
8th September 2019
Munich Re has announced two new risk analysis and claims settlement services for wildfire and hurricanes, which aim to accelerate indemnification for policyholders. The reinsurer’s Wildfire Risk Score will support clients in evaluating wildfire risks in North America and in estimating damages following an event. The solution combines loss data from past ... Read the full article
Swiss Re moves above Munich Re as world’s largest reinsurer: AM Best
29th August 2019
Global reinsurer Swiss Re has knocked Munich Re from its position as the world’s largest reinsurer, as measured by year-end gross premiums written (GPW) in 2018, according to AM Best data viewable at our Top 50 Global Reinsurance Groups directory. Munich Re had led the pack every year since ... Read the full article
Munich Re-backed insurtech INSHUR raises further $1.5m
29th August 2019
INSHUR, a 100% digital provider of commercial auto insurance, has raised a further $1.5 million to its Series A funding round from Viola FinTech, part of the Israel-based technology investment group Viola. Backed by global reinsurer Munich Re, INSHUR is a mobile-first provider of commercial auto insurance for private hire ... Read the full article
Munich Re’s ERGO Germany implements AI-powered fraud and risk solution
28th August 2019
ERGO Germany, a division of reinsurance giant Munich Re, has completed the implementation of the FRISS solution, an AI-powered fraud and risk solution for the property & casualty (P&C) insurance sector. The implementation enables ERGO Germany with the ability to leverage AI to optimise its portfolio and fasten its claims management ... Read the full article
Munich Re subsidiary Roanoke partners with sports tech firm Stack
12th August 2019
Roanoke Travel Insurance, a subsidiary of Munich Re Specialty Group North America, has partnered with sports technology and registration platform provider Stack Sports, in a move that will power SecureFee Registration Cancellation Insurance. SecureFee provides financial protection to athletes faced with circumstances such as injury, illness, transportation and other plan altering ... Read the full article
Munich Re’s Q2 profit rises to €993mn on low losses & reserve releases
7th August 2019
Global reinsurance giant Munich Re has announced its highest quarterly profit for four years of €993 million in the second-quarter of 2019, driven by low major losses and reserve releases. Munich Re's profit in the second-quarter of 2019 increased from the €728 million recorded in the second-quarter of 2018, underpinned by ... Read the full article
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