California Wildfires, Hurricane Michael Top List of 2018’s Costliest Natural Disasters: Munich Re January 8, 2019 By L.S. Howard The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael...
U.S. Reimposes Iranian Sanctions, Hitting Insurance, Shipping, Energy, Banking November 5, 2018 By Nick Wadhams, Golnar Motevalli and Ladane Nasseri The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its...
Hartford Steam Boiler Completes Acquisition of Industrial Tech Firm Relayr October 26, 2018 Hartford Steam Boiler (HSB), part of Munich Re, announced the close of the acquisition of relayr, Inc., the Berlin-based industrial...
Climate Change Impact Assessment Looks at Risk, Readiness Around U.S. October 25, 2018 By Don Jergler Low risk, but low readiness. That’s the assessment for Long Beach, Calif., a city that’s close to my heart. For...
Von Bomhard Likely to Return to Munich Re – This Time as Board Chairman October 19, 2018 Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German...
Cyber Reinsurers Aim to Master the Dangers of Global Accumulation October 5, 2018 By L.S. Howard Cyber insurance is a market with enormous growth potential – but one that also has the potential to become a...
Munich Re Acquires Tech Firm Relayr, an Industrial Internet of Things Specialist September 4, 2018 Munich Re announced it is taking a further key step to create new business models in industrial Internet of Things...
Embroker Launches Direct-to-Customer Online D&O Policy for Startups August 8, 2018 Embroker, a digital commercial insurance brokerage, has launched a fully digital directors and officers (D&O) insurance policy, specifically designed for...
Munich Re to Stop Investing in Coal-Related Business, Insuring New Coal-Fired Plants August 6, 2018 Munich Re, the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30...
Munich Re CFO Schneider to Retire, Succeeded by ERGO’s Jurecka July 17, 2018 Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of...