Munich Re

Boeing loss now exceeds $2bn sending tremors through aviation reinsurance market

Shortly after extending its multi-year programme, Boeing has nearly tripled its reserve on the 2019 Ethiopian Airlines flight 302 crash ensuring it is the worst aggregated aviation claim since 9/11, The Insurer can reveal.

Munich Re Specialty Insurance hires Zurich NA’s Kramer as CUO

Munich Re Specialty Insurance (MRSI) has named Zurich North America’s Liz Kramer as its new chief underwriting officer (CUO).

MRSI adds LPL offering to growing suite

Munich Re Specialty Insurance (MRSI) has launched a lawyers professional liability (LPL) product aimed at mid-size law firms as the carrier continues to add offerings to its expansive US platform.

Munich Re Automation Solutions to invest Eur16mn in R&D programme

Munich Re partners with proptech Spruce on US title insurance

Munich Re has partnered with Spruce to help bring cost-effective title insurance driven by automation to the US market, a move that builds on the property technology firm’s existing relationship with Munich Re Ventures.

NewRe appoints Braune as CEO to replace AGCS-bound Strasser

Munich Re-subsidiary NewRe has appointed Thomas Braune as CEO.

Munich Re raises Eur1.25bn through first green bond

Munich Re has issued its first subordinated green bond which will provide Eur1.25bn of funds to deploy in projects that will help drive a climate-friendly transformation of the economy.

Munich Re leads financing round for Indian insurtech Acko

Indian insurtech start-up Acko has raised $60mn in its Series D financing round led by Munich Re Ventures, the investment arm of reinsurer Munich Re.

Munich Re partners with Farmers Edge for parametric products

Munich Re has partnered with Fairfax Financial-backed digital agriculture data specialist Farmers Edge to develop large-scale specialist parametric weather insurance products in Canada, Brazil and the US.

Streaming now on The ReInsurer TV!

As part of our REinsurance Month coverage we are conducting a series of video interviews to get the views of industry leaders on the latest topics and trends in the lead-up to the 1 January renewal.

Munich Re “best positioned” to benefit from cyber reinsurance tailwind: Jefferies

Munich Re is the “best positioned” reinsurer to benefit from growth in cyber (re)insurance lines with the cyber insurance market forecast to hit $25bn in premiums by 2025, according to analysts at Jefferies.

Munich Re Specialty Group names new east coast inland marine head

Munich Re Specialty Group (MRSG) has brought in Jaymee Parker to lead the east coast underwriting team for its inland marine business, The Insurer can reveal.

Cyber insurance market to top $20bn by 2025: Munich Re

An increase in cyber attacks during the Covid-19 pandemic will help spur growth in the cyber insurance market which is tipped to triple to around $20bn between 2020 and 2025, according to Munich Re.

Munich Re expects “low three-digit-million euro” loss from Beirut blast

Reinsurance giant Munich Re has revealed it expects claims in a “low three-digit-million euro” range from the massive explosion at the Port of Beirut in August.

Swiss Re holds on to top spot in 50 biggest reinsurer rankings

Swiss Re has maintained its pole position for the second year running at the top of AM Best’s list of the world’s largest reinsurers.

European big four eye hard market opportunities after $4.2bn H1 Covid-19 hit

Europe’s big four reinsurers booked close to $4.2bn of Covid-19 P&C claims between them during the first half of 2020, but the majority of the reserves remain IBNR with only a small portion of claims notified.

Munich Re co-leads auto insurtech HDVI’s $16mn funding round

Commercial auto insurtech High Definition Vehicle Insurance (HDVI) has raised $16mn in Series A funding led by 8VC and Munich Re Ventures.

Nephila, Munich capacity backs insurtech Demex as seed round closes

The Demex Group, a climate risk insurtech providing financial risk solutions, has raised $4.2mn in seed funding from leading investors Anthemis and IA Capital while revealing it is backed by capacity from Nephila and Munich Re.

Navigators leads $60mn Beirut container terminal property cover

Navigators, along with international carriers including Munich Re, Markel, Liberty, QBE and Travelers are facing a possible $60mn claim as a result of the devastating 4 August Beirut port explosion, The Insurer can reveal.

Munich Re “will be affected in some way” by Beirut port explosion: Jurecka

The chief financial officer of German reinsurance giant Munich Re has said the carrier “will be affected in some way” by Tuesday’s port explosion in Beirut.