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 announces appointments of Daniel Cenzano & Stephanie Weiler
4th February 2020
Global reinsurer Munich Re has announced the appointment of Daniel Cenzano as the Head of Global Business Communications, and Stephanie Weiler as the Head of Global Brand & Operations. In their new roles, Cenzano will be based in New Jersey, and Weiler in Minnesota, and both will report to Andreas Lampersbach, ... Read the full article
Top reinsurers’ exposure to Wuhan coronavirus, Asia pandemic analysed
23rd January 2020
With official numbers of the Wuhan coronavirus currently standing at 585 confirmed infected and 17 dead, Morgan Stanley analysts have detailed the extent to which the top four European global reinsurers are exposed to pandemic risk in Asia. As of 2018, Munich Re wrote €2.3 billion in premiums in Asia via ... Read the full article
Against its peers, Hannover Re is the main beneficiary from P&C rate rises: MS
15th January 2020
Analysis of Europe's big four reinsurers by Morgan Stanley (MS) states that when compared with its peers, German reinsurance giant Hannover Re is the main beneficiary from improving property and casualty (P&C) rates. In a recent industry report, analysts at Morgan Stanley discuss the current rate environment following the January 1st ... Read the full article
Munich Re pegs insured nat cat losses at $52bn in 2019
8th January 2020
New data from reinsurer Munich Re estimates that natural catastrophes caused global economic losses of $150 billion in 2019, of which $52 billion was covered by re/insurance. Analysts noted that the insured portion of overall losses – slightly above 35% - was broadly in line with the average over the past ... Read the full article
Zurich’s Serena Thio appointed CEO of Munich Re Malaysia
6th January 2020
Global reinsurer Munich Re has announced the appointment of Serena Thio as Chief Executive Officer (CEO) of Munich Re Malaysia, effective January 6th, 2020. In her new role, Thio will report to Tobias Frenz, Munich Re's Managing Director of Life & Health for Southeast Asia, and will be tasked with leading ... Read the full article
Munich Re in $500mn risk sharing deal with Dutch development bank
19th December 2019
Munich Re has entered into a $500 million risk sharing framework agreement with FMO, the Dutch entrepreneurial development bank, to help promote private sector insurance growth in developing countries. The deal, which enables Munich Re to participate in FMO transactions over the next three years, will help maximise funds towards developing ... Read the full article
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
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