All the headlines from our Munich Re Topic Page, ordered by recency.
Oct 10 2024 // Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025.It has set up a Spanish branch of Munich Re Risk Solutions Ireland Ltd.,...
Oct 9 2024 // Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients.“A recent strategic review of our businesses led to the difficult decision that GrovesJohnWestrup Private Clients closed...
Aug 30 2024 // Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best.Among the largest IFRS 17 reporting...
May 7 2024 // HSB announced the opening of a new office location in Al-Jubail, Saudi Arabia, on May 6.“One of our strategic priorities is to increase accessibility to HSB’s inspection and engineering services, particularly...
Apr 23 2024 // Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result.Net income rose to about €2.1 billion ($2.2...
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage.MRSI’s FAIR Plan...
Apr 4 2024 // This edition of International People Moves details appointments at HSB Canada and Canopius Group.A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief...
Apr 3 2024 // With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance...
Jan 5 2024 // Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property...
Oct 24 2023 // Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past analysts’ estimates.The reinsurer said it expects a profit of €4.5 billion ($4.8 billion)...
Aug 23 2023 // Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row.These two...
Aug 18 2023 // S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings.Munich Re’s outlook was revised to positive...
Aug 2 2023 // This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global.A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of EuropeMiller, the London-based...
Jul 28 2023 // Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag of $110 billion, according to Munich Re.These insured losses were slightly lower than the US$47...
Jul 18 2023 // This edition of International People Moves details appointments at Munich Re Specialty Group and Berkshire Hathaway Specialty Insurance.A summary of these new hires follows here. Munich Re Specialty Group Names Richardson...
Jul 5 2023 // This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb.A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEOInver Re,...
Jun 9 2023 // Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million.Munich Re Ventures led the extension round and was joined by existing investors including global...
May 3 2023 // Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions.The portfolio...
Apr 18 2023 // Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures.The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market intelligence...
Apr 6 2023 // Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a spokesperson told Reuters on Thursday.The decision follows an announcement by Allianz on Wednesday that it...