Munich Re to Spend $1.1B by 2020 to Restructure Primary Insurance Unit June 1, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its...
Munich Re’s Q1 Net Income Drops to $489.9M; Annual Profit Target Revised May 10, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit...
Fintech Revolution May Threaten 250,000 Jobs as Europe Insurers Seek Cost Cuts April 7, 2016 By Oliver Suess The rush is on to replace people with software in Europe’s insurance industry as cost cutting and automation become increasingly...
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates March 16, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low...
Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability July 10, 2015 By Nicholas Comfort Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA...
Munich Re Reports Q2 Profit over $1 Billion; 1st Half near $2 Billion August 7, 2012 Munich Re’s second quarter earnings report notes that it achieved a consolidated profit of €812 million [$1.007 billion], compared to...
Munich Re Posts $400 Million Q3 Profit in a ‘Difficult’ Year November 8, 2011 Munich Re announced third-quarter profit “in a difficult environment” of €290 million [$400 million], compared to €761 million [$1.05 billion]...
Despite Q2 Profits Munich Re Posts $297 Million 1st Half Loss August 5, 2011 Munich Re, the world’s largest reinsurer, bounced back into the black during the second quarter of 2011, making profits of...
German Insurer Organized Orgy for Best Salesmen May 23, 2011 A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best...