All the headlines from our Munich Re Topic Page, ordered by recency.
May 6 2009 // Munich Re announced first quarter 2009 profits of €420 million ($560 million), compared to €777 million ($1.035 billion) in the same period of 2008. However, the Group’s bulletin forecast premium...
Apr 27 2009 // Risk Management Solutions announced that Munich Re and Tokio Marine Nisshin Fire have closed a private catastrophe swap based on its industry loss index, Paradex-Europe Windstorm.“This transaction now brings the...
Apr 20 2009 // ProgressiveProgressive said it will begin offering motorcycle and RV insurance in Massachusetts. The Mayfield Village, Ohio-based insurer said it will offer the coverage through its Web site as well as through independent...
Apr 20 2009 // Munich ReGerman reinsurer Munich Re has successfully concluded the acquisition of specialty insurer HSB Group from American International Group for $739 million. The deal was originally announced last December. The...
Apr 14 2009 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” of The Hartford Steam...
Apr 2 2009 // A.M. Best Co. has removed from under review with developing implications and upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to...
Mar 5 2009 // Standard & Poor’s Ratings Services has said that its “ratings and outlook on Germany-based global reinsurer Munich Reinsurance Co. (AA-/Stable/–) and core related entities (collectively Munich Re)...
Mar 3 2009 // Munich Re has dropped its medium-term earnings per share goal and declined to give a profit forecast for 2009 amid financial market turmoil.“For 2009 and 2010… the investment result will be well below the...
Feb 22 2009 // Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible.Reinsurance companies such as global leader Munich Re have been...
Feb 17 2009 // Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible.Reinsurance companies such as global leader Munich Re have been...
Feb 13 2009 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of The Fuji Fire...
Jan 20 2009 // Standard & Poor’s Ratings Services has revised its outlook on the Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to stable from positive. S&P also affirmed the...
Jan 16 2009 // Munich Re’s Webinar on Thursday – 2008 Natural Catastrophes – presented a detailed analysis of the increasing number of weather related events that concern both primary carriers and reinsurers. It also...
Jan 11 2009 // CRC Insurance, TAPCO UnderwritersCRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., plans to acquire TAPCO Underwriters Inc. The...
Jan 11 2009 // The following mergers are in addition to those reported for the 2008 calendar year in Insurance Journal’s year-end issue, Dec. 22, 2008.CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale...
Dec 31 2008 // Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number...
Dec 30 2008 // Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.”2008’s major catastrophes...
Dec 29 2008 // A.M. Best Co. has commented that the financial strength rating (FSR) and issuer credit ratings (ICR) of Munich Reinsurance Company and its subsidiaries are unchanged following its agreement to acquire specialty insurer HSB...
Dec 23 2008 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited...
Dec 17 2008 // Risk Management Solutions announced from its London office that Munich Re is extending its “state-of-the-art” risk research and quantification capabilities through a cooperation agreement with RMS....