Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims
May 10 2017 // Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims. Munich Re reported consolidated first quarter...
High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance
May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...
Startup Next Insurance Raises $29 Million from Insurers, Other Investors
May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...
Munich Re’s Primary Carrier, ERGO, Explores China Digital Business
Apr 28 2017 // ERGO, Munich Re’s troubled primary insurance company, is making a digital push in the massive Chinese market. Mark Klein, ERGO’s chief digital officer, recently visited China to explore how the insurer can...
Munich Re’s New CEO Wenning to Take ‘Hard-Nosed’ Approach
Apr 28 2017 // Joachim Wenning admitted he would not be to everyone’s liking long before taking the helm of Germany’s Munich Re. That hard-nosed approach could prove valuable as the 52-year-old tackles falling profits,...
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is...
Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks
Apr 20 2017 // Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the...
Markel Int’l Singapore Taps Munich Re’s Fordham as Marine Liability U/W
Apr 18 2017 // Markel International Singapore, the specialist insurer, has appointed Colin Fordham as a senior marine liability underwriter based in Singapore. Fordham joins from the Munich Re syndicate on the Lloyd’s Asia...
UK MGA Plum Launches High Net Worth Home Cyber Cover
Apr 7 2017 // Plum Underwriting, the London-based specialist home insurance managing general agent, announced the launch of cyber and data risks cover embedded within high net worth (HNW) and mid net worth (MNW) home insurance products...
On-Demand Insurance App Trov Grabs $45M Led by Munich Re/HSB Ventures
Apr 6 2017 // On-demand insurance provider Trov has $45 million in new capital to expand its operations, thanks to a Series D funding round led by Munich Re / HSB Ventures. The round brings Trov’s total funding to just over $85...
AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients
Apr 3 2017 // American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth...
Reinsurers Seek Higher Returns Through Customized Business
Mar 20 2017 // Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or...
Steamin’ Hot Markets: Cyber, Sharing Economy, Active Shooter, Construction, Mergers and More
Mar 20 2017 // Cyber Sharing Economy, Active Shooter, Construction, Mergers and More Insurance Journal examined industries experiencing changes, challenges, expansions and growth in the past year. For 2017, experts predict the U.S....
Munich Re Syndicate’s Hoare Elected to Council of Lloyd’s
Mar 9 2017 // Dominick Hoare, chief underwriting officer for Munich Re Syndicate Ltd., was elected this week to the position of corporate-external member to the Council of Lloyd’s, which is the body responsible for the supervision...
Munich Re Q4 Earnings Drop to 500M Euros ($530M) on Nat Cat Claims
Feb 8 2017 // Munich Re, the world’s biggest reinsurer, reported a bigger-than-expected drop in fourth-quarter earnings as claims from natural disasters rose while prices continue to fall. Net income declined to about 500 million...
Munich Re America Names Mozeika to New Insurtech Post
Jan 30 2017 // Munich Reinsurance America has created a new strategic position in its Reinsurance Division to help clients seize opportunities resulting from the rapidly developing field of insurtech. Robert Mozeika will assume the new...
Connected Homes Heighten Need for Personal Cyber Insurance
Jan 27 2017 // Eight out of ten U.S. consumers have a home data network and more than a third of them connect entertainment systems, gaming consoles and other smart devices to the Internet. The same survey suggests that all of this...
Collinson Group Names Munich Re’s Basu as Chief Underwriting Officer
Jan 5 2017 // Collinson Group, the London-based provider of insurance and assistance solutions, has appointed Saugata Basu as chief underwriting officer. In his role, Basu will partner with the group’s capacity providers to...
Global Natural Catastrophes Cost Insurers $50B in 2016: Munich Re
Jan 4 2017 // Insurers paid out around $50 billion for natural disaster claims last year, almost double 2015’s payout of $27 billion, reinsurer Munich Re said in its annual natural catastrophe review on Wednesday. Earthquakes in...
Next Insurance, Munich Re to Offer Coverage for Commercial Photographers
Dec 14 2016 // Next Insurance has partnered with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey & Co, the small...
