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.
‘Political misjudgements’ contribute to potential weakening of Europe & Germany: Munich Re CEO
30th April 2025
In his recent address to the shareholders, Joachim Wenning, CEO and Chair of Munich Re’s Board of Management, expressed his concerns regarding the current political developments, cautioning about the risk of a weakening Germany and Europe. While sharing his satisfaction with Munich Re's strong business performance - highlighting a net result ... Read the full article
Munich Re Specialty completes sale of GJW Direct to Ripe
14th April 2025
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as part of Munich Re Specialty. The decision to sell ... Read the full article
Global cyber premium to more than double by 2030: Munich Re
3rd April 2025
Despite cyber premium growth slowing in the past two years, Munich Re has suggested that global premium volume will more than double by 2030, growing at an average annual growth rate of more than 10%. According to estimates by the reinsurer, the global cyber insurance market premium totaled $15.3 billion in ... Read the full article
Florian Happ named Cyber Team Lead for Munich Re US
3rd April 2025
Global reinsurer Munich Re has announced the appointment of Florian Happ as the new Cyber Team Lead for Munich Re US. Happ has been with Munich Re for 16 years, having joined in 2009. During his tenure, he has held various underwriting roles, including Underwriting Casualty Treaty Reinsurance for US and ... Read the full article
Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s
1st April 2025
Despite sizable claims from the LA wildfires in January, Moody's anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for reinsurance and robust investment returns. According to Moody's, the LA wildfire losses, estimated at between ... Read the full article
Munich Re’s Standard Ethics Rating upgraded to “EE+”
27th March 2025
Standard Ethics has upgraded Munich Re’s Corporate Standard Ethics Rating (SER) to “EE+” from the previous “EE”. Munich Re has been rated by Standard Ethics since 2016 and is part of both the SE German Index and the SE European 100 Index. Standard Ethics highlighted that Munich Re continues to pursue its ... Read the full article
Joshua Hackett named Head of Casualty for Munich Reinsurance America
26th March 2025
Global reinsurer Munich Re has appointed Joshua Hackett as Head of Casualty for Munich Reinsurance America, Inc., effective March 31st, 2025. In this role, Hackett will report to Marcus Winter, President & CEO of Munich Re – North America, and will also serve on the Executive Leadership Team for Munich Re ... Read the full article
AM Best places Next Insurance’s ratings under review following Munich Re acquisition
26th March 2025
Credit rating agency AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Next Insurance US Company (Next US) under review with positive implications. This follows the definitive agreement, signed on March 19, 2025, between Munich Re and Next ... Read the full article
Munich Re acquires Next Insurance, to become part of ERGO
20th March 2025
Munich Re has signed a definitive agreement to acquire NEXT Insurance, which is to become part of ERGO, Munich Re’s primary insurance arm, marking a significant expansion into the US small and medium-sized businesses (SMB) segment. Over 30 million small businesses, spanning more than 1,000 professions, operate in the US, accounting ... Read the full article
Klarity and Munich Re enhance life insurance underwriting with third-party data and wearables
3rd March 2025
Munich Re Life US, in collaboration with Klarity, a UK-based health data analytics firm, is pioneering the integration of third-party longitudinal data and wearable technology into life insurance underwriting to refine and improve risk assessments. The life insurance industry is experiencing a significant shift toward accelerated underwriting (AUW) programmes, driven by ... Read the full article
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
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