All the headlines from our Munich Re Topic Page, ordered by recency.
May 23 2016 // Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to take place in less than three months, a handful of medical experts are calling for the games to be postponed or...
May 18 2016 // Fifty percent of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam Boiler...
May 10 2016 // Munich Re, the world’s second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit first-quarter earnings....
May 6 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is extending the availability of its identity theft insurance and services to the employees of small to mid-sized businesses as a standalone policy for...
Apr 29 2016 // The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its new standard equipment breakdown policy.The company said it is the first...
Apr 27 2016 // Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected.Earnings for the quarter will also be lower than a year...
Apr 11 2016 // Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd’s market, has partnered with the Corporate Insurance Partner unit of Munich Re to offer broad...
Mar 21 2016 // Andreas Kleiner has been named president and chief executive officer of American Modern Insurance Group, a subsidiary of Munich Re, effective May 1.Kleiner has served as a member of the board of management for ERGO...
Mar 17 2016 // German reinsurer Munich Re is boosting its cash reserves in the face of the punishing negative interest rates from the European Central Bank, it said on Wednesday.The world’s largest reinsurer is far from alone in...
Mar 16 2016 // Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings.The company plans to repurchase 1 billion...
Mar 15 2016 // Munich Re, the world’s second-biggest reinsurer, named Joachim Wenning to succeed Chief Executive Officer Nikolaus von Bomhard as the industry struggles to maintain earnings amid low interest rates and falling...
Mar 14 2016 // Clermont Specialty Managers, a W.R. Berkley company, is now offering data compromise and Cyber One coverages for their customers through Hartford Steam Boiler, a Munich RE company. The program provides protection for data...
Mar 4 2016 // The Insurance Industry Charitable Foundation (IICF) has named John Vasturia, president of Specialty Markets for Munich Reinsurance America Inc., as chairman for IICF’s board of governors. Vasturia has been a member...
Mar 1 2016 // Andreas Kleiner has been named president and chief executive officer of American Modern Insurance Group, a subsidiary of Munich Re, effective May 1. He succeeds Manny Rios, who left the position in August.Kleiner has...
Feb 5 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and...
Feb 4 2016 // Munich Re, the world’s second-biggest reinsurer, plans to increase its dividend more than expected after fourth-quarter profit remained unchanged from a year earlier.The company plans to raise the dividend to 8.25...
Jan 26 2016 // Munich Re will acquire an additional 23.27 percent of shares of Apollo Munich Health Insurance Co. Ltd., from its joint venture partner, the Apollo Hospitals Group, India, increasing its shareholding from 25.5 percent to...
Jan 4 2016 // Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on...
Dec 14 2015 // Warren Buffett’s Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market.The holding was trimmed to 4.6 percent from 9.7...
Nov 13 2015 // HSB Engineering Insurance has launched a new cyber insurance product aimed directly at small to medium-sized businesses in the U.K.In response to the growing demand for insurance solutions to cover cyber risks, HSB’s...