Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
S&P Affirms American Re and Affiliates ‘A’ Ratings
Sep 10 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and financial strength ratings on U.S.-based American Re-Insurance Co. and its subsidiaries American...
Munich Re Opens New Office Building
May 12 2004 // Germany’s Munich Re announced the opening of a new office complex, “Am Münchner Tor,” in its hometown on Tuesday, May 11, 2004 by Dr. Nikolaus von Bomhard, Chairman of the Board of Management. The...
American Re Issues Statement Reinforcing Commitment to U.S. Casualty Business
Apr 26 2004 // American Re-Insurance Company, Munich Re’s U.S. subsidiary, has issued a statement underscoring its commitment to its U.S. casualty business. “We are in this business to stay and we want to assure our clients...
HSB Introduces Packaged Equipment Breakdown Coverage for Insurers Serving Farm and Ranch Owners
Apr 14 2004 // Farms have changed, and so have the risks. The addition of computer-controlled technology to traditional farm equipment has significantly increased exposures, yet many farms lack insurance protection when equipment breaks...
Best Affirms Munich Re (Canada) ‘A+’ Rating; Lowers Temple
Apr 2 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Munich Reinsurance Company of Canada (MROC) (Toronto, Ontario) with a stable outlook. Best noted that the rating...
Munich Re Posts First Loss in 97 Years-$533 Million
Mar 18 2004 // Munich Re announced that 2003 resulted in its first net loss since 1906, the year of the San Francisco earthquake. The world’s largest reinsurer lost 434 million euros ($533 million) last year, but said that the...
HSB Launches InstantQuote for Equipment Breakdown Insurance
Mar 1 2004 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) announced the launch of HSB InstantQuote, an online tool for quoting and binding equipment breakdown coverage in as little as three minutes. HSB InstantQuote...
Munich Re Releases 2003 Catastrophe Study
Feb 26 2004 // Munich Re has released its 2003 study of natural catastrophes, which concludes that “after three years of relative calm, no fewer than five great natural catastrophes(based on U.N. criteria) occurred in...
Natural Disasters More Severe and More Costly
Feb 23 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Munich Re Reports $180 million Q3 Net Profit; Expects Full-year Loss
Nov 26 2003 // Munich Re reported 152 million euros ($180 million) net income for the third quarter, compared to a loss of 859 million euros ($1.02 billion) in the same period of 2002, but the world’s biggest reinsurer also...
Best Affirms HSB Engineering Insurance ‘A+’ Rating
Nov 25 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A+’ (Superior) of the U.K.-based HSB Engineering Insurance Company Limited (HSBEIL) with a “stable” outlook. “The...
Munich Re Downgraded
Sep 22 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Muenchener Rueckversicherungs (Munich Re), and its core subsidiaries. This rating action...
Munich Re Posts Fifth Consecutive Quarterly Loss, as Taxes Hit Profits
Sep 8 2003 // Germany’s Munich Re can’t seem to buy a break. Despite good gains in operating profit, 777 million euros ($845 million) in the first six months of 2003, the world’s biggest reinsurer posted its fifth...
Munich Re Posts Fifth Consecutive Quarterly Loss, as Taxes Hit Profits
Aug 29 2003 // In contrast to its Swiss rival (see previous article) Germany’s Munich Re can’t seem to buy a break. Despite good gains in operating profit, 777 million euros ($845 million) in the first six months of 2003, the...
A.M. Best Lowers Munich Re Ratings to ‘A+ (Superior)
Aug 29 2003 // Two days after Standard & Poor’s lowered its ratings on Munich Re (See IJ Website August 28), and previous article), A.M. Best Co. announced that it has downgraded the group’s financial strength ratings to...
