Munich Re Group

Court Says Trial Must Decide Travelers, Reinsurers Asbestos Case

February 8, 2013 - New York state's highest court on Thursday said a trial must determine whether Travelers Cos. deliberately structured a nearly $1 billion asbestos settlement to force its reinsurers to pay more...
https://www.insurancejournal.com/news/national/2013/02/08/280599.htm

Too Early to Know Cost of 787 Dreamliner Claims, Says Boeing’s Insurer

January 30, 2013 - Boeing Co. has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the...
https://www.insurancejournal.com/news/international/2013/01/30/279420.htm

Munich Re Creates New Coverage for Photovoltaic Manufacturers

January 19, 2012 - Munich Re has launched a new product to complement its performance guarantee cover for photovoltaic manufacturers. The product covers the risk born by operators that solar module output may fall...
https://www.insurancejournal.com/news/national/2012/01/19/231861.htm

Insurers May Face $3.5-$8 Billion New Zealand Quake Hit

February 23, 2011 - The insurance industry faces damage claims of between $3.5 billion and $8 billion from Tuesday's devastating earthquake around Christchurch, New Zealand, catastrophe modeling firm Air Worldwide...
https://www.insurancejournal.com/news/international/2011/02/23/187609.htm

AIG Reports $4.35 Billion Q1 Loss

May 7, 2009 - American International Group, Inc. (AIG) today reported a net loss for the first quarter of 2009 of $4.35 billion compared to a net loss of $7.81 billion in the first quarter of 2008. The loss was...
https://www.insurancejournal.com/news/national/2009/05/07/100311.htm

Munich Re Posts $560 Million Q1 Profit; Down 46% from Q1 2008

May 6, 2009 - Munich Re announced first quarter 2009 profits of €420 million ($560 million), compared to €777 million ($1.035 billion) in the same period of 2008. However, the Group's bulletin...
https://www.insurancejournal.com/news/international/2009/05/06/100239.htm

AIG Completes Thailand Asset Sale

April 9, 2009 - American International Group announced that it has closed the sale of AIG's retail bank, AIG Retail Bank Public Company Limited, and credit card operation, AIG Card (Thailand) Company Limited. The...
https://www.insurancejournal.com/news/international/2009/04/09/99462.htm

Zurich Insurance Says It’s Actively Looking for Acquisitions

December 23, 2008 - Swiss insurer Zurich Financial Services Group, a serial acquirer in recent years, is not letting tighter credit markets hamper its pursuit of acquisitions, a company executive said on Monday....
https://www.insurancejournal.com/news/national/2008/12/23/96561.htm

Munich Re Q3 Profits Down 99% to $15.4 Million; $1.8 Billion for 9 Months

November 7, 2008 - Munich Re's third quarter profits fell by 99 percent to €12 million ($15.4 million) compared to the €1.216 billion ($1.555 billion) it recorded in the third quarter of 2007. The Group's...
https://www.insurancejournal.com/news/international/2008/11/07/95353.htm

Munich Re CEO Confident of Group’s Financial Strength

October 8, 2008 - Dr. Nikolaus von Bomhard, CEO of Munich Re, has issued a muscular statement, detailing the Group's strengths in the face of the ongoing global financial turmoil. "We will emerge stronger from the...
https://www.insurancejournal.com/news/international/2008/10/08/94425.htm

Munich Re Posts $2.1 Billion First Half Profit Despite Credit Crunch

August 8, 2008 - The Munich Re Group recorded a profit of €1.4 billion ($2.123 billion) for the first half of 2006, a decline from the €2.1 billion ($3.18 billion) recorded in the same peiod of 2007....
https://www.insurancejournal.com/news/international/2008/08/08/92611.htm

Munich Re of Africa Reports Premium, Profit Growth

July 8, 2008 - Munich Reinsurance Co. of Africa - the largest reinsurer in Sub-Saharan Africa - posted positive underwriting results for 2007. MRoA announced a 25.4 percent increase in gross premium income to R3,...
https://www.insurancejournal.com/news/international/2008/07/08/91661.htm

Munich Re Q1 Profit Down 19% to $1.2 Billion; Maintains 2008 Profit Targets

May 8, 2008 - The Munich Re Group recorded a profit of €785 million ($1.2 billion) for the first quarter of 2008, down 19 percent from the €974 million ($1.495 billion) in the same period of 2007. The...
https://www.insurancejournal.com/news/international/2008/05/08/89816.htm

Munich Re 2007 Profit Rises 11.9% to $5.835 Billion

February 25, 2008 - The Munich Re Group announced consolidated profits for 2007 of €3.937 billion ($5.836 billion), surpassing its increased profit guidance of €3.5 to €3.8 billion ($5.18 to $5.63 billion)...
https://www.insurancejournal.com/news/international/2008/02/25/87609.htm

Munich Re Names Wright to Head UK Healthcare Unit

February 8, 2008 - The Munich Re Group has appointed Philip Wright as Head of Health for the company's UK healthcare business, effective February 12, 2008. He brings over 25 years of experience to the role including...
https://www.insurancejournal.com/news/international/2008/02/08/87151.htm

Munich Re to Set up Brazilian Subsidiary

February 7, 2008 - Munich Re announced that, following the opening of the Brazilian reinsurance market (See IJ web site - https://www.insurancejournal.com/news/international/2007/12/27/85928.htm), it plans to...
https://www.insurancejournal.com/news/international/2008/02/07/87108.htm

Munich Re Expects $5.77 Billion 2007 Profit

January 30, 2008 - The Munich Re Group announced that it expects a record profit for 2007 of €3.9 billion ($5.77 billion) on the basis of preliminary figures. The amount exceeds the profit guidance of €3.5-3.8...
https://www.insurancejournal.com/news/international/2008/01/30/86831.htm

Munich Re Hosts ‘ERGO Day;’ Highlights Primary Carrier’s Expansion

December 13, 2007 - Munich Re held an "Investors' Day " in London, yesterday, Dec. 12, which featured a presentation of its strategy regarding for ERGO, its primary insurance business. Munich Re CEO Dr. Nikolaus von...
https://www.insurancejournal.com/news/international/2007/12/13/85614.htm

ERGO Acquires 65% Stake in Korea’s Daum Direct Auto

December 10, 2007 - German insurer ERGO, Munich Re's primary insurance subsidiary, announced that it has reached an agreement with Daum Communications and LIG Insurance to purchase a 65 percent stake in the South...
https://www.insurancejournal.com/news/international/2007/12/10/85510.htm

Munich Re Acquires UK’s MSP Underwriting/Stake in Syndicate 318

October 30, 2007 - Munich Re is acquiring the UK Company MSP Underwriting Ltd. for a figure it said is in the "mid double-digit million Euro range." MSP Underwriting Ltd. owns both the Lloyd's managing agency...
https://www.insurancejournal.com/news/international/2007/10/30/84630.htm