Pandemics and Climate Change Present Opportunity for Insurers June 9, 2016 By Don Jergler The shoe may eventually be placed on the other foot for the U.S. This nation has a long-standing tradition of...
Munich Re to Spend $1.1B by 2020 to Restructure Primary Insurance Unit June 1, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its...
Rio Olympics Will Proceed – Despite Zika Epidemic: Munich Re Underwriter May 23, 2016 By John Tozzi and Ira Boudway Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to...
Re/Insurance CEOs Join Insurance Development Forum, UN & World Bank Initiative May 17, 2016 A group of re/insurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was...
Munich Re’s Q1 Net Income Drops to $489.9M; Annual Profit Target Revised May 10, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit...
Allianz Q1 Profit Rises 21% to $2.5B, Helped by Gains from Selling Investments May 3, 2016 By Angela Cullen and Oliver Suess Allianz SE said first-quarter profit surged 21 percent, beating analysts’ estimates, as Europe’s biggest insurer was helped by gains from...
HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics April 29, 2016 The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its...
Munich Re Issues First Quarter Profit Warning on Lower Equity Investments April 27, 2016 By Oliver Suess Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than...
Global Financial Leaders Warn About Dangers of Negative Interest Rates April 20, 2016 By Finbarr Flynn The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger. Nobuyuki Hirano, president...
Beazley & Munich Re to Offer Broad Cyber Cover for Large Global Companies April 11, 2016 Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd’s market,...