All the headlines from our Munich Re Topic Page, ordered by recency.
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...
May 12 2014 // A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance...
May 8 2014 // The world’s largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income.“Despite negative currency effects, we almost matched...
May 1 2014 // Munich Re’s net profit fell in the first quarter, said its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world’s largest reinsurer.The...
Apr 1 2014 // A study from Munich Re notes that although natural catastrophe losses in 2013 were dominated by floods, “detailed analyses have shown that protective measures can drastically reduce losses. For example, the June 2013...
Mar 20 2014 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering technical support services for homeowners through a partnership with Sutherland Global Services (Sutherland), a provider of business process...
Mar 20 2014 // Munich Re posted the following summary of its results for the financial year 2013:— Operating result of €4.4billion from (€5.3 billion) [$6.07 billion from $7.32 billion]. — Despite low interest rates and...
Mar 5 2014 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced that it has “successfully completed a ‘Cat in the Box’ transaction...