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 CEO: Reinsurance pricing is overall ‘very attractive’
26th February 2025
Joachim Wenning, the Chief Executive Officer (CEO) of Munich Re, one of the world's largest reinsurance companies, said this morning that overall, reinsurance prices remain very attractive, with the firm seeing enough attractive growth markets. Alongside reporting its full year 2024 results, which were very strong once again, Munich Re ... Read the full article
Munich Re’s FY’24 result exceeds target at €5.7bn as LA wildfire loss reported at €1.2bn
26th February 2025
Reinsurance giant Munich Re has reported a net result of €5.671 billion for the 2024 financial year, driven by the strong performance of its reinsurance and ERGO businesses and a solid investment result. The reinsurer's net result increased 23% year-on-year and is almost €700 million above the original profit target of ... Read the full article
Munich Re appoints Hanh Nguyen as Head of Treaty P&C Underwriting, SEA & India
24th February 2025
Global reinsurance giant Munich Re has appointed Hanh Nguyen as the new Head of Treaty property and casualty (P&C) Underwriting for Southeast Asia (SEA) and India, effective March 1st, 2025. She will succeed Joachim Zagrosek, who has been appointed Head of P&C Treaty Underwriting Germany, based in Munich. Hanh has 19 years ... Read the full article
Munich Re Specialty names Coleman Head of Public Entity Risk Solutions
11th February 2025
Munich Re Specialty-North America (MRS-NA) has announced the appointment of Tyler Coleman as Head of Public Entity Risk Solutions. He is to succeed Lauren Tredinnick, who transitioned to the role of Chief Risk Officer for Munich Re America Services in late 2024. Prior to this appointment, Coleman, who has over two decades ... Read the full article
Sun Life Philippines implements ALLFINANZ SPARK to enhance underwriting efficiency
4th February 2025
Sun Life Philippines, an insurance provider in the country, has officially launched Munich Re’s ALLFINANZ SPARK SaaS solution, marking a significant step in enhancing its underwriting processes. The ALLFINANZ SPARK platform, which includes advanced data analytics modules such as Insight Origin and Data Exchange, is now live at Sun Life Philippines. This ... Read the full article
Risks outweigh opportunities as uncertainty clouds global economic outlook: Munich Re
3rd February 2025
In its economic outlook for 2025, reinsurer Munich Re has said that although it expects the global economy to grow at roughly the same pace as in 2024, driven by continued development in the US and above-average growth rates in many emerging markets, uncertainty remains "extremely high" as risks outweigh ... Read the full article
Munich Re execs confident on €6bn profit target despite LA wildfire impact: Reports
22nd January 2025
Executives at Munich Re, one of the world's largest reinsurance companies, confirmed recently that although the Los Angeles wildfires will be a major loss for the firm, it will remain below its provision for natural catastrophe events, with the reinsurer confident of achieving its net profit target of €6 billion ... Read the full article
Global megatrends driving slower growth and higher inflation: Munich Re
17th January 2025
Munich Re’s Economic Research team predicts that global megatrends will affect macroeconomic conditions over the long term, leading to a decade of slower growth and higher inflation. The firm forecasts average global economic growth of 2.5% and inflation of 2.2% in industrialised countries between 2025 and 2034, compared with 3.1% growth ... Read the full article
2024 insured nat cat loss bill pegged at $140bn: Munich Re
9th January 2025
According to reinsurance giant Munich Re, natural disasters resulted in an industry loss of $140 billion in 2024, up from 2023's $106 billion, with insured losses notably higher than the inflation-adjusted averages of the past 10 and 30 years. The 2024 insured losses were the third most expensive year since 1980, ... Read the full article
Munich Re names Christa Schwimmer Chief Executive for Specialty Reinsurance, Lloyd’s & Bermuda
8th January 2025
Munich Re has announced the appointment of Christa Schwimmer as Chief Executive for its Specialty Reinsurance and Lloyd's & Bermuda business. In this role, Schwimmer will join Stefan Golling, Member of the Board of Management at Munich Re, and his leadership team. Schwimmer has been with Munich Re for 23 years, starting ... Read the full article
Munich Re targets net profit of €6bn for 2025
13th December 2024
Industry giant Munich Re has disclosed that due to consistently good operational performance in all business segments, the group is now aiming for an IFRS net profit of €6 billion in 2025. This morning, the reinsurance giant announced some targets for next year, forecasting that insurance revenue will reach €64 billion ... Read the full article
2024 tropical cyclone losses among costliest of the past decade: Munich Re
5th December 2024
A new white paper from reinsurance company Munich Re reveals that the 2024 tropical cyclone season, characterised by unusually severe storms, ranks among the costliest of the past decade, with losses significantly surpassing the ten-year average. Insured losses from natural catastrophes in 2024 have surpassed the $100 billion threshold once again. ... Read the full article
Hokodo to use Munich Re’s Talaria to expand its geographical footprint
19th November 2024
Hokodo, a digital trade credit provider, has announced that it will use Talaria, the digital trade finance platform of Munich Re, to expand its reach into new European markets. By leveraging Talaria’s credit underwriting algorithms and financing capabilities, Hokodo will broaden its solutions across Europe, enabling B2B merchants and marketplaces to ... Read the full article
Munich Re’s Dalton elected Chair of American Institute of Marine Underwriters
8th November 2024
Sean M. Dalton, Executive Vice President of Munich Reinsurance America Inc., a subsidiary of reinsurance giant Munich Re, has been elected chair of the American Institute of Marine Underwriters (AIMU). Dalton, who is Head of Marine Underwriting, North America and Head of Global Marine Facultative, succeeds Anthony Cowie, Head of Marine Reinsurance ... Read the full article
It’s a surprise how inadequate casualty rates fail to move higher: Munich Re CFO
8th November 2024
During Munich Re’s Quarterly Statement Q3 2024 call, Chief Financial Officer (CFO) Christoph Jurecka expressed concerns about casualty pricing, describing it as too low and noting his surprise that prices haven’t risen more. “Casualty is a continuously difficult market in our view,” said Jurecka. “The casualty prices we see in the ... Read the full article
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