Above-Average Number of Storms Predicted for North Atlantic in 2025: Munich Re June 3, 2025 Current climatic conditions suggest that there will be a slightly above-average number of storms in the North Atlantic during the...
European Utilities Rush to Hedge Against Acute Wind Drought June 2, 2025 By Eva Brendel After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now...
Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums May 28, 2025 By Maggie Shiltagh and Chloé Meley A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to...
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims May 13, 2025 By Tom Sims and Alexander Hübner Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7...
Cyber Insurance Market Size Expected to Soar: Munich Re April 14, 2025 Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross...
US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals March 14, 2025 By L.S. Howard Reinsurance renewal rates continued dropping during this year’s January renewals, but US property/catastrophe reinsurance pricing is likely to stabilize during...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Hübner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Smartwatches Measuring Mortality Risks Are New Tool for Insurers February 26, 2025 By Alex Tanzi Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data...
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ January 9, 2025 By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion...
Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025 December 13, 2024 Munich Re is aiming for an IFRS net profit of €6 billion (US$6.3 billion) in 2025 as a result of...