Reinsurance News
4th July 2018
Analysts at J.P. Morgan have said that the decision of some re/insurers to reduce their exposure to more volatile lines of business, namely natural catastrophe exposures, and focus on other, more stable classes, will lead to better earnings visibility as well as a faster rerating. Focusing mostly on the actions taken ... Read the full article
3rd July 2018
The 2018 Tech Trend Radar report by Munich Re emphatically underlines the rate at which it expects new technologies to transform customers’ demands and expectations over the next two decades. This trend towards greater-connectivity is one that re/insurers must understand, accept and integrate into its framework into to secure longevity, says ... Read the full article
2nd July 2018
Deutsche Bank equity analysts have suggested that global reinsurance companies are unlikely to earn back 2017 catastrophe losses as a result of insufficient rate increases at the January, April and June renewals, with further disappointment expected through July. Deutsche Bank analysts recently met with management of global reinsurance giant Munich Re, ... Read the full article
28th June 2018
Munich Re has partnered with digital insurer ONE in the development of the new ONE Coach feature, a highly-personalised short-term insurance product based on individual lifestyle and location, in what it claims is the biggest joint-venture in Insurtech history. The feature will use encryption technology to utilise factors such as work ... Read the full article
25th June 2018
Munich Re's CEO Joachim Wenning told employees that it would "make no sense" for the firm to pull out of investment activities, but that a partnership with an asset manager could be positive, according to a report. Last week it was widely reported, including by us, that Munich Re was ... Read the full article
21st June 2018
Munich Re has partnered with MHP, a manufacturing consultancy firm and subsidiary of Porsche AG, and KUKA, a global automation corporation, on SmartFactory as a Service, a new manufacturing initiative designed to streamline product development and safeguard manufacturers from risks. The partnership aims to facilitate the testing and development of new ... Read the full article
21st June 2018
According to industry reports, Munich Re is rumoured to be in talks with U.S. fund manager Guggenheim Partners LLC about the sale of its asset management arm, Munich Ergo Asset Management GmbH (MEAG). The Wall Street Journal first reported that talks are at an early stage, and that it remains uncertain ... Read the full article
20th June 2018
American International Group, Inc. (AIG) has entered into an agreement to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. The acquisition will be funded by an undisclosed cash consideration, and will be conducted via AIG Life Ltd. (AIGLL), a UK subsidiary of AIG ... Read the full article
15th June 2018
The severe flooding that has affected western and southern Germany since mid-May 2018 is a ‘small foretaste’ of the effects of climate change on future weather-related disasters, according to Eberhard Faust, Munich Re’s Head of Research for climate risks and natural hazards. Many regions of the country have endured non-stop thunder, ... Read the full article
12th June 2018
Munich Re is set to provide reinsurance to the People's Insurance Company of China Holdings Company (PICC) following PICC’s deal with solar technology firm Astronergy to supply 10-12 years product warranty and 25 years performance warranty for modules delivered to registered international projects in 2018. By assigning dedicated financial capacity for ... Read the full article
29th May 2018
The rate of growth of the global re/insurance industry is set to overtake the global economy in 2018 and 2019, with average annual premium growth forecast at 5.3%, compared with global GDP growth of 4.9%, according to Munich Re’s latest Insurance Market Outlook. Munich Re reported that life insurance is set ... Read the full article
24th May 2018
Reinsurance giant Munich Re is anticipating a tepid rate environment at the mid-year 2018 reinsurance renewals, but is targeting further growth into the United States market, where its share remains below its global average. Like many other firms Munich Re's expectations for the mid-year June 1 and July 1 reinsurance renewals ... Read the full article
21st May 2018
Bestow, a Dallas, U.S. domiciled InsurTech company focused on the life insurance sector and which is backed by Munich American Reassurance Company, has announced that it's closed $15 million in Series A funding. The Series A funding was led by Valar Ventures, and included participation from existing investors New Enterprise Associates, Core ... Read the full article
18th May 2018
Munich Re and re/insurance broker Marsh have collaborated on a new pandemic risk insurance solution in conjunction with health analytics firm Metabiota, which aims to protect U.S-based businesses from outbreaks of infectious disease. The new solution, called PathogenRX, will use triggers like Metabiota’s new Pathogen Sentiment Index to help businesses more ... Read the full article
14th May 2018
Global reinsurance giant Munich Re has set up an entity in Bermuda which is going to act as a reinsurance vehicle for certain of the group's life reinsurance risks. Munich Re of Bermuda, Ltd. has been established to take on life risks from across the Munich Re group, acting as an ... Read the full article
