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.
AIG to acquire UK life insurer Ellipse from Munich Re
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
Germany’s floods a ‘foretaste’ of future climate losses: Munich Re’s Faust
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
Munich Re provides reinsurance on new PICC solar deal
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
Re/insurance industry set to grow faster than global economy: Munich Re
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
Munich Re expects tepid mid-year renewal, but targets U.S. expansion
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
Munich Re backed InsurTech Bestow secures more funding
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
Munich Re and Marsh collaborate on pandemic risk solution
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
Munich Re sets up $330m Bermuda entity for group life reinsurance
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
Munich Re first-quarter profit rises, expands premiums in April
8th May 2018
Global reinsurance player Munich Re has reported an improved first-quarter result for 2018, with profits rising almost 50% to €827 million, thanks to lower losses. Munich Re's Q1 2018 profit is reported as €827 million, up significantly from the €557 million the reinsurer reported in the prior year, thanks both to ... Read the full article
Munich Re’s full-year profit guidance likely conservative, say analysts
3rd May 2018
Following Munich Re's recent announcement that it expects to record over €800 million in profits for the first-quarter of 2018, analysts at J.P. Morgan say this supports their belief the reinsurer will likely beat its full-year profit guidance for 2018, and through to 2020. For the full-year 2018 Munich Re is ... Read the full article
Munich Re reinsures life portfolio for Iranian insurer Mellat
1st May 2018
Global reinsurance player Munich Re has entered into an agreement with Iranian insurer Mellat Insurance Company, which will see the German reinsurer covering the entire life insurance portfolio of Mellat. Mellat said that it has covered all of the issued life insurance policies under the agreement with Munich Re, as part ... Read the full article
Munich Re unveils Smart Mobility Program to address U.S auto fleet losses
26th April 2018
Munich Re America has introduced its Smart Mobility Program, which offers a toolbox of solutions to address issues surrounding commercial auto losses and reduces the risk of collision for U.S commercial fleets. The Smart Mobility Program will also provide access to LossDetect, an automated text-mining tool that recommends solutions by analysing ... Read the full article
Munich Re “poised” for growth as it targets reduced complexity
25th April 2018
At Munich Re’s 2018 Annual General Meeting (AGM,) Joachim Wenning, Chair of the Board of Management, revealed that the company expects to increase its profits as it braces for growth by reducing operational complexity and embracing digital transformation. Wenning confirmed a profit guidance of €2.1–2.5 billion for 2018, which is higher ... Read the full article
Arch offers mortgage credit assessment services to Munich Re
25th April 2018
Arch Credit Risk Services, a unit of Arch Capital Group, has agreed to provide Munich Re with mortgage credit assessment and underwriting advisory services on a multi-year basis. The services provided by Arch will relate to Munich Re’s involvement in Credit Risk Transfer programs offered by U.S state-sponsored loan companies The ... Read the full article
Munich Re forecasts €800m profit for first-quarter 2018
24th April 2018
Global reinsurance player Munich Re has said it forecasts a profitable first quarter in 2018, with a consolidated result of more than €800 million anticipated. Munich Re had recently lifted its profit guidance for 2018 slightly over the prior year, forecasting better results thanks to improved reinsurance pricing conditions, along ... Read the full article
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