Global Insured Losses From Natural Disasters Could Top $150B in 2025: Swiss Re Report August 6, 2025 By L.S. Howard Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the...
H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re July 29, 2025 By L.S. Howard Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in...
Munich Re Chairman Wenning to Retire at Year-End, Succeeded by Jurecka July 23, 2025 Munich Re has named Dr. Christoph Jurecka (50) as chairman with effect from Jan. 1, 2026, succeeding Dr. Joachim Wenning...
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...