Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
A.M. Best Affirms Munich Re, Gerling Global Ratings
Dec 21 2000 // A.M. Best Co. has affirmed high ratings for two of Germany’s biggest insurance groups, giving its A++(superior) rating for Munich Re and its subsidiaries, including American Re and related companies, and its A...
Swiss Re, Munich Re Start Joint Internet Venture
Dec 19 2000 // The world’s two largest reinsurers, Munich Re and Swiss Re, whose combined premiums total over $25 billion, have teamed up with Internet Capital Group, a leading B2B provider, and Andersen Consulting to launch...
Equipment Breakdown Coverage: Not Your Father’s Boiler & Machinery Insurance
Nov 27 2000 // Equipment breakdown coverage: it’s the modern-day descendant of what has been traditionally referred to as boiler and machinery insurance. And today’s businesses need it just as much as they did in the old...
Connecticut DOI Approves Acquisition of HSB by AIG
Nov 22 2000 // HSB Group Inc. announced that yesterday the Connecticut State Insurance Department approved the acquisition by American International Group Inc. of The Hartford Steam Boiler Inspection and Insurance Company and The...
Munich Re Posts 15 Percent Rise in 1st Half Premium
Sep 22 2000 // Munich Re’s 1st half results seem to indicate that maybe reinsurance rates are finally firming. The world’s largest reinsurer posted a 15 percent increase in gross premium revenues for the period to €15.2...
AIG TO ACQUIRE HSB GROUP
Sep 4 2000 // American International Group Inc. and HSB Group, Inc. have entered into a definitive agreement whereby AIG will acquire 100 percent of the outstanding stock of HSB Group. The total value of the transaction is approximately...
AIG Agrees to Purchase HSB Group Inc.
Sep 4 2000 // American International Group Inc. (AIG) announced it made a definitive agreement to acquire HSB Group Inc. for a price of approximately $1.2 billion. “We think that the synergies are terrific, and we look forward to...
Holocaust Controversy Halts American Re/UNG Deal
Aug 21 2000 // Last August, American Re, a subsidiary of Germany’s Munich Re-the world’s biggest reinsurer-agreed to acquire American Insurance Service Inc. (AIS) and its United National Group (UNG) with assets of an...
AIG to Acquire HSB Group
Aug 18 2000 // American International Group, Inc. and Hartford Steam Boiler Group, Inc. (HSB) have entered into a definitive agreement whereby AIG will acquire 100 percent of the outstanding stock of HSB Group. HSB stockholders will...
German Insurers May Join Holocaust Panel
Jul 25 2000 // German insurers might now become members of an international Holocaust claims panel through their industry association, a Jewish advocacy group was reported as saying by Reuters news service Monday. The move could help...
Holocaust Issues Delay Munich Re Acquisition
Jun 26 2000 // A ruling by the Pennsylvania Supreme Court will further delay Munich Re subsidiary, American Re’s purchase of Pennsylvania based asset management company, United National Group. A lower court judge had ordered the...
Allianz, Munich Re Affirmed
Jun 12 2000 // Standard & Poor’s (S&P) affirmed its “AAA” counterparty credit and insurer financial strength ratings on entities of both the Munich Reinsurance Group and the Allianz Group. The affirmation...
Allianz, Munich Re Reduce Holdings to Fund Expansion
May 4 2000 // Allianz and Munich Re are planning to reduce mutual cross-shareholdings worth more than $7 billion, while selling off some holdings in jointly held companies in order to free up cash for an expansion in fund management and...
Munich Re Under Fire in New York
Apr 10 2000 // New York state is considering possible action against German reinsurer Munich Re’s U.S. unit American Re over Holocaust-era insurance policies. The company had been issued an April 7 deadline to submit a list of...
Munich Re at Impasse with Regulators over Holocaust Claims
Apr 3 2000 // The dialogue between the California Department of Insurance (CDI) and Germany’s Munich Re came down to a legal standoff in March with respect to the reinsurer’s perceived delays in turning over documents...
