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.
Re/insurance clients need comprehensive risk management solutions: Munich Re
23rd October 2017
The recent hard-hitting natural catastrophes have emphasised the need for re/insurers to take a global view of risk management and offer clients more comprehensive solutions for risk mitigation and assessment, said Munich Re executives at the 2017 Baden-Baden industry conference. Hermann Pohlchristoph, member of Munich Re’s Board of Management, said; “the ... Read the full article
Munich Re’s Pina Albo named new CEO of Hamilton Insurance Group
19th October 2017
Bermuda domiciled Hamilton Insurance Group has announced that Pina Albo will join the company from reinsurance giant Munich Re, to become the firm's new permanent Chief Executive Officer (CEO) after the departure of Brian Duperreault. Albo will assume the CEO position from February 1st, 2018, and replaces Interim Group CEO, David Brown, ... Read the full article
Elon Musk’s Hyperloop insurable, says Munich Re
18th October 2017
Elon Musk's idea for super-fast transport, Hyperloop Transportation Technologies (HTT), a tube-based transportation system that propels capsules through a tube at high speed using magnetic levitation, has been deemed feasible and insurable by reinsurer Munich Re. HTT has been hailed has the next transportation breakthrough, powered by a combination of alternative ... Read the full article
Demand for BI & supply chain cyber coverage up, says Munich Re & Beazley
17th October 2017
Demand for holistic cyber cover for business interruption (BI) and supply chain risks has surged, report Beazley and Munich Re after having joined forces to offer complex cyber risk cover through their Vector partnership. "Since we established Vector, we’ve seen a significant shift in the pattern of demand for cyber cover," ... Read the full article
U.S. property cat reinsurance pricing to shift after recent events: Munich Re’s Steve Levy
11th October 2017
Over the last year or so some segments of the U.S. reinsurance market have shown signs of stabilisation in a prolonged softened market, that's underlined by ample capacity and persistent rate declines. And, after the impacts of recent hurricanes in the U.S., Munich Re's Steve Levy expects pricing trends to ... Read the full article
Munich Re & Swiss Re eager to penetrate Philippines crop market: Reports
4th October 2017
Global reinsurance giants Munich Re and Swiss Re are reportedly interested in investing in the Philippines crop programme, but changes are required to the charter of the Philippines Crop Insurance Corporation (PCIC) before this can happen, according to reports. According to industry reports, Bohol Rep. and former agriculture secretary, Arthur Yap, ... Read the full article
Munich Re reported close to selling some run-off ERGO life units
27th September 2017
Global reinsurance player Munich Re has been reported to be on the verge of offloading some of its primary life insurance units that are in run-off, with a legacy disposal or reinsurance to close transaction the most likely outcome. It's been reported in the German media and by Reuters that the ... Read the full article
Bestow partners with Munich Re to develop life insurtech platform
22nd September 2017
Bestow has partnered with the U.S. life and disability reinsurance division of Munich Re, Munich American Reassurance Company, to develop new life solutions for Bestow's on-demand life insurance platform. The partnership aims to leverage insurtech to redefine how the industry markets insurance through offering consumers a new way to research, buy, ... Read the full article
Munich Re expects Q3 loss, lower profits, on Harvey and Irma losses
14th September 2017
Reinsurance giant Munich Re said that it may have an unprofitable third-quarter and that its full-year profit target is now at risk due to the losses expected from hurricanes Harvey and Irma. The combination of the two events is expected to result in high insurance and reinsurance industry losses, Munich Re ... Read the full article
Irma and Harvey will drive uncertainty at renewals: Munich Re’s Jeworrek
11th September 2017
In the middle of the 2017 hurricane season weather conditions are causing high intensity storms and hurricanes to form in the Atlantic basin, and with the industry still waiting for the tally from Harvey and now Irma, reinsurers will have to go into renewals under a cloud of "uncertainty." Speaking at ... Read the full article
Drover & Munich Re unit partner to launch product for ride-sharing drivers
7th September 2017
Drover and Munich Re’s Digital Partner have partnered to offer ride-sharing drivers and fleet owners bespoke insurance. Clients will be able to buy, renew and maintain policies online through Drover’s online car marketplace platform. Felix Leuschner, CEO and co-founder of Drover, said; "This partnership between Drover and Munich Re will deliver game-changing ... Read the full article
50% of potential Harvey insured loss expected to be covered by reinsurance: J.P. Morgan
25th August 2017
As hurricane Harvey continues its track towards the state of Texas as a Category 2 storm, expected to intensify to a Category 3 storm as it makes landfall late Friday or early Saturday, the expected loss remains uncertain. However, J.P. Morgan expects roughly 50% of the insured loss to be ... Read the full article
Munich Re acquires interest of Starwood Energy wind farms
25th August 2017
Munich Re has expanded its energy investment portfolio with the purchase of 49% of Starwood Energy Group's interest in two Texas wind farms, likely as a diversifying investment for its asset-side operations. The energy focused private investor, Starwood Energy, sold its interests in the Horse Creek and Electra wind farms in Haskell and ... Read the full article
JLT & Munich Re partner to offer Philippines parametric storms cover
25th August 2017
JLT and Munich Re have announced a partnership to develop and offer an innovative parametric insurance cover, One Storm, for typhoon and tropical cyclone risk in the Philippines. The typhoon cover allows risk holders to outsource typhoon risks that had previously been uninsurable such as loss prevention costs, overtime costs, revenue losses, ... Read the full article
LTCG to acquire LifePlans, related services & assets from Munich Re U.S.
22nd August 2017
Long term care administrator, LTCG, has announced that it will acquire LifePlans, Inc. and its Canadian unit, LifePlans LTC Services, Inc., in a deal that covers the purchase of LifePlans' long term care and related risk management services and assets from Munich Re, U.S. (Life). Under the definitive agreement, Munich Re, ... Read the full article
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