Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re in ‘First-time’ Guarantee of Solar Modules in France
Apr 8 2011 // Munich Re announced that it has agreed to guarantee the performance of solar modules in France for the first time. The reinsurer will be working with industrial insurance broker Filhet-Allard and solar manufacturer...
Insurer Shares Relatively Unaffected by Japan Damage Estimates
Mar 23 2011 // Insurer shares largely shrugged off the industry’s first round of damage estimates from this month’s earthquake in Japan, which may prove to be the world’s costliest disaster. Munich Re and Hannover Re,...
Munich Re Estimates Japan Quake, Tsunami Claims over $2 Billion
Mar 23 2011 // Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its...
Damage Claims Threaten Munich Re’s 2011 Profit Goal
Mar 10 2011 // Heavy damage claims from an earthquake, floods and a storm this year will put Munich Re’s full-year profit goal at risk if claims do not subside in the coming quarters. The world’s biggest reinsurer said it...
Munich Re Marine Head Warns Against Arms Race to Combat Pirates
Feb 11 2011 // Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding...
Munich Re Estimates 2010 Profits at $3.35 Billion
Feb 3 2011 // Munich Re announced that its preliminary estimate of its consolidated results for 2010, “despite substantial losses,” is €2.43 billion [$3.35 billion], compared to €2.56 billion [$3.528 billion] in 2009....
Brokers, Reinsurer to Expand Insurance for Oil Drilling
Jan 10 2011 // The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April. Their...
Munich Re Invests $3.31 Billion in German Wind Power Plants
Dec 30 2010 // Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany. It announced that as of the first of the year, “the Group is acquiring 40 wind turbines in a...
Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling
Dec 22 2010 // The world’s top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP’s disastrous Gulf of Mexico spill last April. Their...
Hartford Steam Boiler Adds Legal Defense to Data Breach Coverage
Nov 30 2010 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) has expanded its data breach coverage for business owners, which helps them respond to the loss or theft of the personal information they keep on customers...
Munich Re Sees Growth in Renewable Energy; Comments on Renewals
Oct 26 2010 // According to a report from Munich Re, “renewable energies are gaining in significance.” The reinsurer noted that “the share of renewable energies in power generation in Germany is expected to increase...
Munich Re Coverage in U.S. Extends CPV Energy Warranty
Oct 7 2010 // Munich Re has launched coverage in the United States for the photovoltaic-producing segment of the solar module industry and first ever of its kind in the world for CPV systems. CPV (concentrator photovoltaic) technology...
Munich Re Highlights Climate Change Link to Extreme Weather Events
Sep 28 2010 // A bulletin from Munich Re underlines the “exceptionally high” incidence of “weather-related natural catastrophe losses in the first nine months of 2010,” both in “number and scale.” The...
European Insurer Groups Weather Storm, Oil Claims But Outlook Cloudy
Aug 5 2010 // Major European insurance groups weathered a slew of damage claims for storms and the collapse of the Deepwater Horizon oil rig to post stronger-than-expected half-year earnings on Wednesday. But prospects for the rest of...
Munich Re to Further Align Specialty Primary Insurance Platform
Jul 26 2010 // Munich Re plans to further align its U.S.-based specialty primary insurance operations to create a more robust specialty insurance platform under the leadership of Doug Elliot, president and chief executive officer of...
Munich Re Provides $96 Million Cat Bond to Mass. Property Association
Jul 12 2010 // Munich Re has provided the Massachusetts Property Insurance Underwriting Association (MPIUA) with a $ 96 million catastrophe bond issuance that “transfers hurricane risk in Massachusetts to the capital...
Massachusetts Fair Plan Gets $96M Catastrophe Bond
Jul 12 2010 // The Massachusetts Property Insurance Underwriting Association (MPIUA) has received a $96 million catastrophe bond issuance that transfers hurricane risk in Massachusetts to the capital markets, a number of reinsurers...
First Half 2010 Catastrophe Losses Double Average at $22 Billion
Jul 8 2010 // A report from Munich Re (www.munichre.com) notes that the first half of 2010 was “marked by an exceptionally large number of natural catastrophes and the scale of the losses they caused.” The reinsurer recorded...
Munich Re: ‘Ever Higher’ Nat Cat Costs; Ups Chile Quake Loss to $1 Billion
Jun 8 2010 // A bulletin from Munich Re, the world’s largest reinsurer, concludes that the “long-term trend towards ever higher natural catastrophe costs” looks set to continue, according to an analysis from its Geo...
