Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio August 9, 2022 By Stephan Kahl Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a...
Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re July 28, 2022 Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than...
People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia July 1, 2022 This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows...
Munich Re Issues Green Bond in U.S. Market, in a First for a European Insurer May 24, 2022 Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated...
Munich Re Launches Validation Service for Artificial Intelligence Systems May 18, 2022 Munich Re is aiming to enhance acceptance of artificial intelligence (AI) with its new CertAI validation service, which provides objective...
Natural Disasters, Ukraine War Weigh on Q1 Results of Europe’s Major Reinsurers May 16, 2022 By L.S. Howard Three out of four of the major European reinsurers reported their profits were negatively affected as a result of elevated...
Howden, Munich Re and Skyline Develop Parametric Cover for Jamaica Farmers May 2, 2022 Howden, the London-based insurance broker, has worked with Munich Re and Skyline Partners to develop a product that protects the...
Hong Kong-Based Digital Assets’ Insurer Weighs SPAC, Partners With Munich Re April 12, 2022 By Sarah Zheng OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check...
Munich Re Exits From Russian, Belarusian Business March 16, 2022 Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia. Condemning Russia’s attack on...
Munich Re Forecasts 14% Jump in 2022 Profit as It Reports Bounceback From Pandemic February 23, 2022 German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback...