Munich Re Specialty to Enter Spanish Insurance Market October 10, 2024 Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin...
Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup October 9, 2024 By L.S. Howard Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients. “A recent strategic review of our businesses...
Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers August 30, 2024 By L.S. Howard Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re...
European Insurers Enjoy Big Profits After Premium Hikes August 8, 2024 By Carolyn Cohn, Tom Sims and Yadarisa Shabong Several European insurers recorded bumper first-half profits on Thursday, as customers burnt by a pandemic, war and a pick-up in...
Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses August 8, 2024 By L.S. Howard Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year...
Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
Munich Re Says Beating Target More Likely After Strong Quarter April 23, 2024 By Stephan Kahl Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to...
The Risky Economics of ‘Going Bare’ Without Homeowners Insurance April 8, 2024 By Chris Taylor Owning a home can feel like risky business, from coming up with the mortgage payment every month to worrying about...
Most Americans Want Legal Reforms Against Practices Like Litigation Funding: Survey March 6, 2024 By Chad Hemenway A majority of Americans are unaware of third-party litigation funding but most believe state and federal laws should be changed...
After $70 Billion Hit, Insurers Wake Up to Growing Risks of Severe Convective Storms January 25, 2024 By Gautam Naik The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest loss category. While...