Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Insify Raises €10 million Series A Extension Led By Munich Re
Jun 9 2023 // Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million. Munich Re Ventures led the extension round and was joined by existing investors including global...
Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions
May 3 2023 // Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio...
Capitola in California Secures $15.6M in Funding Round Led by Munich Re Ventures
Apr 18 2023 // Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market...
Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year
Apr 6 2023 // Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a spokesperson told Reuters on Thursday. The decision follows an announcement by Allianz on Wednesday that it...
Zurich Exits Insurance Climate Alliance, Days After Munich Re
Apr 6 2023 // Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer said in a statement...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks
Apr 3 2023 // Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are “material” legal risks, in a move that marks the latest blow to a coalition built by former...
People Moves: Everest Taps Chubb’s Chaves to Lead Mexico Operations; BMS Names Munich Re’s Tigleanu for Cyber Strategy; Miller Hires Dipati in Singapore Energy Team
Mar 31 2023 // This edition of International People Moves details appointments at Everest Insurance and two brokers BMS and Miller. A summary of these new hires follows here. Everest Insurance Taps Chubb’s Chaves to Lead Mexico...
People Moves: Childs to Retire as Chair of Hiscox; Optio Taps Munich Re’s Kennett as UK Head of Political Risk & Terrorism; Conduit Re Names BMS Re’s Binetti to Lead Casualty
Mar 8 2023 // This edition of International People Moves details appointments at Hiscox, Optio Group and Conduit Re. A summary of these new hires follows here. Childs to Retire as Chair of Hiscox Board Hiscox Ltd., the international...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
Jan 10 2023 // Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more...
Munich Re to Launch Specialty Insurance Division
Dec 16 2022 // Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the reinsurance segment. The...
Kuczinski to Retire as CEO of Munich Re US P&C Companies
Dec 15 2022 // Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding Inc., effective Dec. 31, 2022, with an agreed change...
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets
Oct 21 2022 // Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led to massive damages in Florida, and warned reaching its full-year profit goal has become “significantly more...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members
Oct 20 2022 // The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group’s Board of Management with effect from Jan. 1, 2023. He will succeed Dr. Torsten...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments
Oct 7 2022 // Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Aug 17 2022 // Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio
Aug 9 2022 // Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for financial markets. The Munich-based company wrote down the value of its holdings by...
Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re
Jul 28 2022 // Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than half of the overall $65 billion in losses from floods, earthquakes, and storms during the first six...
HSB (UK and Ireland) Creates Commercial Division to Streamline Service
Jul 25 2022 // HSB (UK and Ireland) announced the formation of a new Commercial Division, creating closer alignment between its business development, underwriting and claims teams. The division, headed by Terry Dyson, who has been...
People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia
Jul 1 2022 // This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business Solutions Verisk, the global...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer
Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing...
