Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re Announces Provisional 2001 Results, Profits Fall by $1.33 Billion
Mar 25 2002 // Munich Re announced provisional results for the year 2001, which confirmed that even the world’s largest reinsurer wasn’t immune to the huge losses caused by Sept. 11. Munich’s net profit is expected to...
Munich Re Reviews 2001, Warns on Meteorites, Climate Change
Mar 15 2002 // Munich Re, the world’s largest reinsurer, has just published an analysis of last year’s loss events, which includes a discussion of “underestimated loss potentials,” notably risks from a sudden...
Munich Re, Allianz Complete Share Sales
Jan 21 2002 // Munich Re and Allianz AG have completed the sales of their respective investments in several subsidiary insurance and financial groups first announced last April. Munich Re stated that, “it now holds 25.7% of the...
Munich Re Selects John P. Phelan To Replace Ed Noonan as American Re CEO
Jan 11 2002 // American Re Corp., the U.S. subsidiary of Munich Re, the world’s largest reinsurer, has accepted the resignation of CEO Edward J. Noonan, and has named John P. Phelan, currently President of Munich Reinsurance...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
A Teutonic Call For ‘Unconditional Rethinking’ on Political Risk
Dec 10 2001 // The ramifications of the Sept. 11 terrorist attacks on the insurance industry are becoming more and more apparent. While the attacks are portrayed as the worst ever on U.S. soil, the repercussions continue to affect...
A Teutonic Call For ‘Unconditional Rethinking’ onPolitical Risk
Dec 3 2001 // The ramifications of the Sept.11 terrorist attacks on the insurance industry are becoming more and more apparent. While the attacks are portrayed as the worst ever on U.S.soil, the repercussions continue to affect numerous...
Munich Re Posts $1 Billion 3Q Loss, Comments on Terrorism Coverage
Nov 30 2001 // Munich Re, the world’s largest reinsurer, suffered a commensurately large loss in the 3rd quarter of €1.2 billion ($1.05 billion) after tax. In addition to the estimated €2.1 billion ($1.85 billion) losses...
Munich Re Repeats Call for Risk Reassessment; Will Strengthen U.S Subsidiaries
Nov 15 2001 // Dr. Hans-Jürgen Schinzler, Chairman of Munich Re’s Board of Management, repeated his concerns about the industry and the affects of another aviation tragedy in New York so soon after September 11. “The...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
Munich Re Calls for Fundamental Reorientation on Terrorist Risks
Oct 19 2001 // Munich Re has just released a preliminary study of the attack on the World Trade Center which contains not only a detailed analysis of what led to the collapse of the twin towers, but also states that “the private...
Best Affirms Ratings for Munich Re, Royal and Sun
Oct 8 2001 // A.M. Best Co. has affirmed the A++ ( Superior) and the A+ (Superior) financial strength ratings for Munich Re and Royal & Sun Alliance Group following its review in the aftermath of the terrorist attacks on the...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
Insurance Stocks Suffer Following Disaster
Sep 24 2001 // The disasters had an immediate and devastating effect on international trading. Reuters reported that the DJ Stoxx insurance index reportedly fell to a three-year low, following a 13 percent drop the previous day. In...
Swiss Re, Munich Re Raise Catastrophe Loss Estimates
Sep 21 2001 // The world’s two largest reinsurance companies, Swiss Re and Munich Re, have practically doubled their estimates of potential losses and have lowered their earnings forecasts as a result of the terrorist attacks in...
Munich Re Net Up, Insures World Cup
Aug 31 2001 // Munich Re followed its announcement that its net profit for the 1st half of the year almost doubled to $1.18 billion with the announcement that it had structured an innovative event cancellation policy for the 2002 Soccer...
S&P Affirms Munich Reinsurance Rating
Aug 7 2001 // Standard & Poor’s has affirmed its “AAA” long-term counterparty credit and insurer financial strength ratings on leading global reinsurer, Munich Reinsurance Co. (MRC) and all core reinsurance...
Munich Re Posts 9% Q1 Premium Growth to $3.7 Billion
May 30 2001 // Munich Re, the world’s largest reinsurer, reported that premium income for the the first quarter reached €4.3 billion ($3.7 billion), a solid 9 percent increase over last year’s figures. N et profits...
Allianz Makes Deal to Purchase Dresdner Bank for $20.5 Billion
Apr 9 2001 // After a week of intensive negotiations, Allianz AG and Dresdner Bank, Germany’s third largest, announced on April 1 that they have agreed to join forces to create Germany’s biggest financial institution. With...
Munich Re Affirmed
Apr 9 2001 // The “AAA” counterparty credit rating and insurer FSR on Munich Reinsurance Co. AG were affirmed by S&P. The rating action includes all core reinsurance members, which together comprise the Munich...
