All the headlines from our Munich Re Topic Page, ordered by recency.
Jun 12 2015 // Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of Munich Re, has appointed Andy Wright as chief operating officer. Wright will be leading HSB’s operational strategy with primary...
Jun 10 2015 // The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board of Management and also as its Chairman. Moreover, Munich Re’s Supervisory Board has also appointed Riess as a member...
May 8 2015 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched a new farm equipment and machinery breakdown coverage with expanded insurance for mobile implements and the precision...
May 7 2015 // Munich Re announced that it realized a profit of €790 million [$896 million] for the first quarter of 2015, compared to €941 million [$1.067 billion] in Q1 2014. Despite the lower figure, Munich Re said it is...
Apr 2 2015 // Stephan Ruoff has been appointed chief executive officer of Tokio Millennium Re AG (TMR), a Zurich-based subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd.Ruoff has worked with TMR, a global multi-line...
Mar 13 2015 // Munich Re has published a report, which notes that “over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billion range.”In addition the...
Mar 11 2015 // Munich Re, the world’s biggest reinsurer, will continue buying back shares as declining prices and lower investment income undermine earnings.Munich Re plans to repurchase an additional €1 billion ($1.056 billion)...
Feb 5 2015 // Munich Re, the world’s biggest reinsurer, plans to raise its dividend even after fourth-quarter profit declined 42 percent on investments and goodwill impairments.Net income fell to about 700 million euros ($794...
Jan 22 2015 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses resulting from microelectronic...
Jan 7 2015 // Munich Re’s review of losses caused by natural catastrophes in 2014 confirms that it was indeed another benign year for the re/insurance industry. “The absence of very severe catastrophes and a quiet hurricane...
Nov 14 2014 // A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries.Concurrently,...
Nov 6 2014 // Munich Re, the world’s biggest reinsurer, posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed- income investments.Net income rose 16 percent from the...
Sep 16 2014 // The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against.Swiss...
Sep 15 2014 // At a recent “Hacker Lab” event, “white hat” hackers revealed how cybercriminals work — and what businesses can do to protect themselves. The multimedia presentation used a simulated small business...
Sep 12 2014 // XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers...
Sep 3 2014 // The worst reinsurance market in memory looks set to carry into 2015, industry executives said.An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may...
Aug 28 2014 // Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group...
Aug 7 2014 // Munich Re, the world’s biggest reinsurer, said second-quarter profit rose 45 percent helped by higher investment income.Net income advanced to €765 million ($1.02 billion) from €528 million [$706 million] a year...
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
Jun 13 2014 // Munich Re has up to $400 million on the line insuring against delays or cancellations of World Cup matches. The world’s largest reinsurer is counting on Brazilian President Dilma Rousseff to do whatever it takes to...