Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Cyber Insurance Market Size Expected to Soar: Munich Re
Apr 14 2025 // Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023. In...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires
Feb 26 2025 // Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European...
Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025
Dec 13 2024 // Munich Re is aiming for an IFRS net profit of €6 billion (US$6.3 billion) in 2025 as a result of “consistently good operational performance in all business segments.” It also expects good underwriting...
People Moves: Coalition Taps Munich Re’s Foster as Head of London Mkts.; Hamilton Re Expands Into Credit, Bond & Political Risk Reinsurance With Lottimore Appointment
Nov 27 2024 // This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re. A summary of these new hires follows here. Coalition Taps Munich Re’s Foster as Head of London Markets Coalition,...
Munich Re Specialty to Enter Spanish Insurance Market
Oct 10 2024 // Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025. It has set up a Spanish branch of Munich Re Risk Solutions Ireland...
Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup
Oct 9 2024 // Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients. “A recent strategic review of our businesses led to the difficult decision that GrovesJohnWestrup Private Clients closed...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers
Aug 30 2024 // Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting...
HSB Opens Office in the Kingdom of Saudi Arabia
May 7 2024 // HSB announced the opening of a new office location in Al-Jubail, Saudi Arabia, on May 6. “One of our strategic priorities is to increase accessibility to HSB’s inspection and engineering services, particularly...
Munich Re Says Beating Target More Likely After Strong Quarter
Apr 23 2024 // Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result. Net income rose to about €2.1 billion ($2.2...
Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan...
People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO, Asia-Pacific & MENA
Apr 4 2024 // This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief...
Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos
Apr 3 2024 // With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance...
Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio
Jan 5 2024 // Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property...
Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit
Oct 24 2023 // Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past analysts’ estimates. The reinsurer said it expects a profit of €4.5 billion ($4.8...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best
Aug 23 2023 // Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row. These two...
S&P Revises Outlooks for Munich Re, Swiss Re While Affirming AA- Ratings
Aug 18 2023 // S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings. Munich Re’s outlook was revised to positive...
People Moves: Miller Taps Marsh’s Holloway as Head of Europe; HSB Canada Names Walker Chief Distribution Officer; HDI’s UK & Ireland Branch Announces Key Hires
Aug 2 2023 // This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global. A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of Europe Miller, the London-based...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Jul 28 2023 // Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag of $110 billion, according to Munich Re. These insured losses were slightly lower than the US$47...
People Moves: Munich Re Names Parhelion’s Richardson as CUO of Green Solutions Portfolio; BHSI Names Walker to Lead UK National Business
Jul 18 2023 // This edition of International People Moves details appointments at Munich Re Specialty Group and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Munich Re Specialty Group Names Richardson...
People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President
Jul 5 2023 // This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver...
