Munich Re

Coalition makes full-stack move with carrier acquisition from Munich Re

Coalition has completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners US Holding Corporation, in a move that will allow the insurtech to offer policies through its own admitted carrier.

Munich Re Specialty Insurance promotes Parker to inland marine head

Munich Re Specialty Insurance (MRSI) has promoted Jaymee Parker to vice president and head of inland marine.

Munich Re to maintain “cautious” risk appetite as rates outpace inflation: Jurecka

Munich Re will continue to adopt a “cautious and considered” approach at upcoming reinsurance renewals as it prices business to reflect inflationary loss trends catching up with rate increases, CFO Christoph Jurecka has said.

Munich Re posts P&C CR of 89.7% in Q2 as adds just €90mn to Ukraine loss bill

Munich Re delivered a P&C reinsurance combined ratio of 89.7 percent in the second quarter, shaving 0.4 percentage points off the result in the prior-year quarter, with the result marking a significant beat against analyst consensus of 93.8 percent.

Munich Re pegs H1 nat cat losses at $34bn and warns climate change “becoming ever more evident”

Munich Re’s chief climate scientist Ernst Rauch has said the “powerful influence of climate change is becoming ever more evident” after the reinsurer estimated H1 industry natural catastrophe losses at around $34bn.

MRSI hires Westchester’s O’Connell as new head of E&S casualty

Munich Re’s specialty arm has recruited Sean O’Connell from Chubb’s excess and surplus lines operation to be its new head of E&S primary casualty.

Munich Re Specialty Insurance continues surety build out with Latini hire

Munich Re Specialty Insurance (MRSI) has maintained its recent spate of senior hires with the arrival of Mark Latini who has been appointed head of contract surety.

Munich Re expects Russia lessor losses to fall on aviation war market

Munich Re’s management expects exclusions on all-risk policies to result in any Russia-related aircraft lessor losses falling on the aviation war market.

Munich Re names Frenz as Singapore CEO

Munich Re has named Tobias Frenz as CEO of its Singapore branch, succeeding James Park, who is leaving to pursue a new opportunity outside the group.

MRSI hires Scor’s Opinante in property leadership role and promotes Tucker

Munich Re Specialty Insurance (MRSI) has hired Scor’s Peter Opinante as head of property for corporate underwriting, as well as announcing the promotion of Ben Tucker to chief underwriting officer of the Munich Re Specialty Group North America (MRSG NA) business.

Munich Re Specialty Group NA appoints Rzeszutko SVP, underwriting marine

Munich Re Specialty Group (MRSG) North America has promoted Karen Rzeszutko to lead the company’s inland and ocean marine underwriting offering.

Amber gets Arch and OneDegree support as it builds $100mn insurance program

Amber Group has secured coverage from Arch Insurance and Munich Re-backed OneDegree as the cryptocurrency trading platform works on putting in place a comprehensive global program that aggregates to over $100mn in protection.

Munich Re backs parametric flood product for Colombian farmers

Munich Re has launched a country-level flood parametric program for smallholder farmers across Colombia, via a partnership with flood intelligence firm Cloud to Street (C2S) and parametric insurance platform Raincoat.

Munich Re latest to predict above-average Atlantic storm season

Munich Re has added its name to the list of organisations forecasting an above-average Atlantic hurricane season with the reinsurance giant predicting up to 18 named tropical cyclones.

Russia-Ukraine uncertainty hangs over European reinsurance outlook

One of the key takeaways from Q1 earnings announcements was that provisional estimates for insured losses from the Russia-Ukraine conflict were lower than expected, exemplified by Swiss Re commentary that suggested the market loss would be at the bottom end of its previous $10bn to $20bn range.

Jefferies: Munich Re set for €400mn of war claims in Q2

Munich Re will likely face claims of around €400mn ($426mn) related to the conflict in Ukraine in the second quarter, according to Jefferies analyst Philip Kett.

New MGA Insight Risk enters builder’s risk market backed by Munich Re capacity

Newly formed MGA Insight Risk has secured capacity from Munich Re Specialty Group Insurance Services (MRSGIS) to write a book of builder’s risk business supported by the Internet of Things targeting construction projects ranging from $25mn to $125mn in value, The Insurer can reveal.

Munich Re names Tredinnick public entity president following Fry’s AIG move

Munich Re Specialty Insurance (MRSI) has appointed Lauren Tredinnick as president of its public entity risk solutions (PERS) unit, succeeding Erin Fry who The Insurer revealed on Tuesday has joined Glatfelter Insurance Group and AIG Programs.

Munich Re: Market needs cyber war exclusions to be “future proofed”

The cyber market needs to implement “robust” exclusions to tackle systemic risks with Munich Re keen for solutions to emulate Lloyd’s Market Association (LMA) clauses aimed at clarifying whether cyber war is covered.

Munich Re P&C outperforms peers in Q1 as major losses fall below budget

Munich Re became the only one of the big four European reinsurers to deliver a year-on-year improvement in its first-quarter P&C reinsurance combined ratio when it reported improved profits on Tuesday.

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