Reinsurance 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.
20th February 2020
The US Life division of reinsurance giant Munich Re is partnering with the American Cancer Society on cancer-related research initiatives, as well as helping partially fund two ACS Research Scholar Grants. ACS supports research and training grants in a range of cancer-related disciplines at 57 institutions across the US and since ... Read the full article
14th February 2020
German reinsurer Munich Re has signed up to the Net-Zero Asset Owner Alliance, an international group of institutional investors that have committed to decarbonise their portfolios to net-zero emissions by 2050. Convened by the United Nations (UN), the Alliance aims to help avoid a global temperature increase above the 1.5°C Paris ... Read the full article
12th February 2020
Analysts at J.P. Morgan expect reinsurance giant Munich Re's property and casualty (P&C) segment to fall to an underwriting loss in the fourth-quarter of 2019, while the firm's Life reinsurance division is expected to produce a below run-rate quarter. Overall, analysts expect that Munich Re will report a combined ratio of ... Read the full article
6th February 2020
Global reinsurance giant Munich Re has appointed Rodrigo Nieto, formerly of Swiss Re Corporate Solutions, as Client Executive South America (non-life, excluding Brazil), effective February 3rd, 2020. In his new role, Nieto will be based in Bogotá, Colombia, and takes responsibility for Munich Re's non-life initiatives in South America. His appointment reflects ... Read the full article
6th February 2020
HSB, part of reinsurance giant Munich Re, has underlined the risks of cryptocurrency after a survey found at least one-third of US small and medium-sized businesses accept it as a payment method. The survey, conducted in conjunction with Zogby Analytics, found that 36% of SMEs accepted cryptocurrency, while 59% of those ... Read the full article
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
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
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
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
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
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
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
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
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
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
