Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources December 19, 2022 Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who...
Munich Re to Launch Specialty Insurance Division December 16, 2022 Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance...
Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine December 16, 2022 By Steven Arons, Áine Quinn and Alex Longley Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels...
Kuczinski to Retire as CEO of Munich Re US P&C Companies December 15, 2022 Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C...
Hurricane Ian Drives Global Insured Losses of $115B From Natural Disasters: Swiss Re December 1, 2022 By L.S. Howard Hurricane Ian and other natural catastrophes, such as European winter storms, floods in Australia and hailstorms in France and the...
Re/Insurers Grapple With How to Respond to Claims From Nord Stream Pipeline Blasts October 25, 2022 By Jonathan Saul and Carolyn Cohn With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members October 20, 2022 The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments October 7, 2022 Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects,...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2 August 17, 2022 Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global...