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 & WTW ally with DAS Solar on PV Module Warranty Insurance
6th March 2023
Munich Re Green Tech Solutions Team and WTW's Power and New Energy Team have partnered with DAS Solar on PV (Photovoltaic) Module Warranty Insurance. DAS Solar states that as a reinsurance market leader, Munich Re's policy acts as a strong backbone to its PV module and further enhances the credibility of ... Read the full article
Munich Re Automation Solutions’ SPARK adopted by Thai Life Insurance
27th February 2023
Munich Re Automation Solutions has announced that Thai Life Insurance has selected its cloud-based automated underwriting solution, ALLFINANZ SPARK to streamline the process of its life insurance applications. Munich Re Automation Solutions describes ALLFINANZ SPARK as a SaaS-based automated underwriting and analytics service that clients can implement easily into their current ... Read the full article
Jan renewals showed Munich Re is “clearly” the preferred reinsurer: Wenning
24th February 2023
Joachim Wenning, Chair of the Board of Management at Munich Re, has suggested that the January renewals showed that the firm is "clearly" the preferred reinsurer, citing reliability as an attribute that its clients appreciated. In an address covering the firm's 2022 results, Wenning noted that Munich Re's risk appetite ... Read the full article
Munich Re downsizes retro program for 2023
23rd February 2023
Munich Re has disclosed details of its retrocession program for 2023, showing that it shrunk its coverage somewhat amid the capacity squeeze of the January renewals. The reinsurer cited “a very challenging market environment” at 1/1 but said that its retro placement nevertheless remained “robust”. Details of the program were released alongside ... Read the full article
Munich Re exceeds profit guidance in 2022 as premiums swell
23rd February 2023
German reinsurer Munich Re has exceeded its profit guidance for 2022 with a result of €3.4 billion, as the reinsurance division performed well despite the impacts of large losses and the war in Ukraine. Group-wide, profit increased from more than €2.9 billion in 2021 to just over €3.4 billion, beating the ... Read the full article
2023 global economy to be shaped by high inflation and geopolitics: Munich Re
8th February 2023
High inflation and low growth are expected to mark the global economy in 2023. However, it will cope better than initially expected with the consequences of the war in Ukraine, sharp price increases and higher interest rates, according to Munich Re’s Economic Outlook for 2023. Chief Economist Michael Menhart commented: “The ... Read the full article
Munich Re and CloudCover announce partnership
31st January 2023
CloudCover, an AI-generative cybersecurity threat prevention platform, has announced the inclusion of the $1m Ransomware Warranty backed and insured by reinsurance giant, Munich Re. With ransomware attacks on the rise, including high-profile breaches in energy infrastructure, finance, and healthcare, offerings like the Ransomware Warranty have never been more necessary, CloudCover highlighted. CEO ... Read the full article
Chaucer partners with Kita, Munich Re & RenRe to provide capacity
27th January 2023
Global specialty re/insurance group, Chaucer has announced its partnership with Kita, a carbon credit insurance specialist, to insure the delivery risk of carbon sequestration projects. The group is not only investing in Kita, but will also be providing lead underwriting capacity; follow capacity will be provided by Munich Re Syndicate and ... Read the full article
Munich Re and Unifiedpost partner on financing for German SMEs
25th January 2023
Munich Re has partnered with e-invoicing solutions provider, Unifiedpost Group, to provide invoice financing to the users of Unifiedpost’s SME platform Banqup. The strategic partnership, acting through Ireland-based Talaria One DAC, will co-create a functionality-integrated platform that allows users to get their outstanding invoices paid immediately, unlocking liquidity for SMEs. The first ... Read the full article
Munich Re teams with Verisk to upscale human rights due diligence
19th January 2023
Reinsurance giant Munich Re has selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across the entire enterprise. By using Verisk Maplecroft’s world leading Human Rights Risk Indices, which have the ability to identify exposure to 31 civil, political and labour rights risks at ... Read the full article
Munich Re to insure Israeli startup’s fraud prevention solution
19th January 2023
Munich Re, one of the world’s largest reinsurers, has partnered with FUGU, an Israeli startup, to insure its e-commerce fraud prevention solution. The solution detects fraud attempts, resulting in minimum exposure to future chargebacks. FUGU’s self-learning algorithms collect data at various points of the transaction life cycle and allow a broader ... Read the full article
Munich Re pegs global insured nat cat losses at $120bn in 2022
10th January 2023
Global catastrophes around the world drove estimated economic losses of USD 270 billion in 2022, of which roughly 44% or USD 120 billion were covered by re/insurance, resulting in another above-average year of losses for the industry, according to figures from one of the world's largest reinsurers, Munich Re. At USD ... Read the full article
Munich Re’s MEAG & EDF Renewables NA close on two US energy projects
22nd December 2022
Munich Re’s global asset manager, MEAG, and EDF Renewables North America, have announced the closing on a strategic investment whereby a subsidiary of Munich Re acquired a 50% stake in two renewable energy projects in California, totalling 310 megawatts (MWdc) of solar and 50 MW / 200 MWh of battery ... Read the full article
Kuczinski to retire as CEO of Munich Re US P&C Companies
15th December 2022
The US branch of global reinsurer Munich Re has announced the retirement of Anthony J. Kuczinski as Chief Executive Officer (CEO) of Munich Re US P&C Companies and of Munich Re US Holding Inc. Kuczinski’s retirement will come into effect on December 31, 2022, with an agreed change in role to ... Read the full article
Munich Re names Kerner as lead of new Global Specialty Insurance board division
15th December 2022
Munich Re, one of Europe's big four reinsurance companies, has announced the formation of a new Board division designed to further expand its specialty primary insurance business as it looks to become a "powerful global player in this field". Effective January 1st, 2023, numerous primary insurance businesses of Munich Re that ... Read the full article