Munich Re

Munich Re builds out US specialty team with two hires

Munich Re Specialty Group has appointed Ben Tucker and Steven Weiss to lead it’s Americas underwriting team.

Munich Re hires senior XL underwriter to lead its US specialty push

Munich Re has hired XL Group’s head of US terrorism and political violence Ben Tucker to lead a new unit focussed on writing a variety of US non-marine specialty classes, re-Insurance.com can reveal.

Munich Re shares suffer following worst man-made loss bill in a decade

Shares in reinsurance giant Munich Re dipped by as much as 4 percent this morning after man-made disasters helped push the carrier’s P&C reinsurance division to an underwriting loss in the second quarter.

Munich Re falls to P&C underwriting loss in Q2

German powerhouse Munich Re’s property and casualty reinsurance division was pushed to an underwriting loss in the second quarter as a significant bill for man-made disasters sent its combined ratio over 100 percent.

Munich Re latest to cut ties with coal business

Reinsurance giant Munich Re has become the latest in a line of carriers to curb investment in coal related risks.

Munich Re announces CFO change and divisional restructure

Long-serving Munich Re CFO Jörg Schneider will retire from the reinsurer’s board of management at the end of the year, with Ergo Group CFO Christoph Jurecka taking his place.

Insured nat cat losses down a third in 2018

Insured losses stemming from natural catastrophes in the first half of 2018 were down a third compared to the first six months of 2017, according to Munich Re.

Munich Re mulling asset management arm sale: report

Munich Re is considering selling off its asset management unit to US industry giant Guggenheim, according to reports.

Munich Re still largest reinsurer as Berkshire leapfrogs into third place

Munich Re remains the industry’s largest reinsurer after writing $35.67bn of reinsurance premiums in 2017 with Swiss Re in second place and a $29.95bn book.

Munich Re posts EUR827mn Q1 profit as P&C surges

Munich Re has posted a 48.4 percent year-on-year increase in first quarter profits, which climbed to EUR827mn as the German firm’s P&C unit improved substantially on the back of a stronger underwriting performance.

Munich Re anticipates EUR800mn profit for Q1 as major losses abate

Munich Re has said it expects to post profits of around EUR800mn in the first quarter as the company’s performance benefitted from a low level of heavy loss activity.

Munich Re signals EUR1bn share buy-back despite cat-scarred 2017

Reinsurance giant Munich Re has outlined plans to buy-back EUR1bn ($1.23bn) of shares in 2018 and has upped profit estimates for the year ahead.

UPDATE: £2.1bn Pool Re XoL restructures with new third layer and cyber trigger

Analysis of the industry’s largest XoL retro terrorism programme, together with diagram of stack and Pool Re chain of security…

Terror cover for UK motor reinsurers in doubt as Swiss Re mulls 1.1 exclusion

The future of terrorism reinsurance coverage available to UK motor insurers is in question as leading reinsurers are close to withdrawing cover at 1.1.19, re-Insurance.com can reveal.

Munich Re swings to EUR476mn P&C loss as cats bite

Munich Re has posted a EUR476mn loss in its property and casualty (P&C) division for 2017 as the catastrophes of H2 pushed the reinsurer’s P&C combined ratio to 114.1 percent.

Reinsurance stocks rally after initial 1.1 falls

Reinsurance stocks have begun to rally in recent days after declining in late December and at the beginning of January amidst reports of reinsurers conceding to lower rate improvements at 1.1.

Lloyd’s approves Agora Syndicate 3268 for 1.1 start

Lloyd’s has formally approved Mike Pritchard’s Agora to operate as a full syndicate from 1 January 2018.

Munich Re’s shares rise despite Eur1.4bn 3Q loss

The world’s largest reinsurer Munich Re predicted rate rises in 2018 as it dropped to an Eur1.4bn loss in the third quarter fuelled by the estimated $100bn of insured losses from the recent catastrophic events.

Europe’s reinsurers warned on 1.1 pricing

The recent trend for European insurers to cede more into the reinsurance markets could stall at 1.1 if reinsurers are too aggressive on rate rises and treaty terms, buyers have been warned at Baden Baden this week.

Munich Re: Global rate increases will happen

The days of falling reinsurance rates are over, according to Munich Re with a warning that price corrections will be on a global basis in 2018.

Region

Topics

Events & Conferences

Content Types