All the headlines from our Munich Re Topic Page, ordered by recency.
Aug 6 2007 // PeopleThe Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins on...
Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins on Sept....
Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins of PCI...
Jul 18 2007 // Munich Reinsurance America Inc. announced that John P. Phelan will retire as planned on Dec. 31, 2007, after serving nearly six years as its chairman and CEO. Anthony J. Kuczinski, who is currently president of Munich Re...
Jul 2 2007 // July 2nd 2007 – Seattle. The GoldSim Technology Group, a leading provider of advanced probabilistic simulation software, today announced that Munich Re, one of the world’s leading reinsurance companies, has...
Jun 15 2007 // Standard & Poor’s Ratings Services has affirmed its “A” junior subordinated long-term debt rating on the €1.5 billion ($2 billion) undated, subordinated, fixed-to-floating rate bonds issued by...
Jun 14 2007 // A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” of the UK-based HSB Engineering Insurance Limited (HSBEIL) with a stable...
Jun 1 2007 // Munich Re will lead a syndicate – the “Caribbean Catastrophe Risk Insurance Facility” (CCRIF), set up to offer 16 countries in the Caribbean insurance cover against hurricanes and earthquakes.The...
May 29 2007 // Munich Re announced that it is preparing to issue a subordinated bond for approximately €1 billion ($1.3456 billion). The reinsurer described the debt issue as “a perpetual bond and callable by Munich Re from ten...
May 9 2007 // Munich Re has acquired the Bell & Clements Group, an insurance and reinsurance broker, which operates in the UK from its London offices and in the U.S. from its headquarters in Reston, VA.The press announcement said:...
May 4 2007 // Germany’s Munich Re Group reported that first quarter consolidated results rose slightly to €982 million ($1.33 billion) compared to €978 billion ($1.326 billion in the same period of 2006. Operating results,...
Apr 27 2007 // Munich Re’s annual general meeting yesterday, April 26, highlighted the reinsurer’s strengthened economic position, strong 2006 and first quarter results and improving prospects for the future.Shareholders got...
Apr 19 2007 // Munich Re announced that Charlie Shamieh, the reinsurer’s Chief Risk Officer (CRO), will shortly be relinquishing his position for family reasons and will leave the Company “by amicable agreement in order to...
Mar 8 2007 // In a just released report – “Topics Geo — Natural catastrophes 2006” – Munich Re maintains that “continuing unfavorable natural climate cycle and additional effects of global warming will...
Feb 21 2007 // Two of the world’s largest insurers – Allianz AG and Munich Re – announced that they have signed on to the joint declaration issued by the Global Roundtable on Climate Change (GRoCC) in New York City on...
Jan 29 2007 // Based on current estimates, Munich Re expects pretax losses from Windstorm Kyrill to be around €600 million ($775 million). The estimates include claims relating to the Group’s primary insurance subsidiary...
Dec 29 2006 // While recognizing that economic losses from natural catastrophes were considerably lower in 2006 than in 2005, Munich Re warned the industry against becoming too complacent.In a bulletin on the reinsurer’s web site...
Dec 22 2006 // Munich Re announced that it has transferred earthquake risks in California to the capital markets for subsidiaries of the Zurich Financial Services Group in cooperation with Aon Capital Markets, providing coverage through...
Nov 15 2006 // Dr. Thomas Loster, a geographer who advises the Munich Re Foundation, told those attending the current United Nations Environment Program (UNEP) Conference in Nairobi that, “Most insurance and re-insurance companies...
Sep 25 2006 // Alliant, Jardine Lloyd ThompsonJardine Lloyd Thompson Group PLC sold its U.S.-based property and casualty insurance and employee benefits businesses to California-based Alliant Insurance Services Inc. JLT said the proceeds...