Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report January 9, 2018 By L.S. Howard Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in...
Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re January 4, 2018 By L.S. Howard The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a...
Munich Re to Increase Shareholding in Global Aerospace to 51% December 14, 2017 Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent...
Australia’s IAG Forms Capital-Releasing Deals with Munich Re, Swiss Re, Hannover Re December 8, 2017 By Paulina Duran Insurance Australia Group Ltd. said on Friday it will share 12.5 percent of its premiums and costs with Munich Re,...
Insurtech MGA Wrisk Gets UK Regulatory Authorization December 6, 2017 On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major...
Munich Re’s Ergo Decides Not to Sell Run-Off Life Policies as Offers Too Low November 29, 2017 By Arno Schuetze and Alexander Hübner Munich Re’s ERGO unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company...
Hedge Funds Invest in Reinsurance Stocks on Expected Rate Hikes in 2018 November 16, 2017 By Maiya Keidan, Carolyn Cohn and Lawrence Delevingne Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North...
Growing Climate Risks May Be ‘Impossible to Model’ – and Ultimately Uninsurable November 13, 2017 By Jessica Shankleman After one of the worst Atlantic hurricane seasons in history, the world’s biggest insurers say the industry needs to get...
Munich Re Reports Q3 Loss of $1.6B; Tallies Industry Hurricane Losses at $100B November 9, 2017 Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance...
Munich Re Expects Q3 Loss After Hurricane Claims of $3.2B October 26, 2017 Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a...