All the headlines from our Munich Re Topic Page, ordered by recency.
Mar 16 2005 // Germany’s Munich Re Group celebrated its 125th anniversary year in style, recovering from a 434 million euro ($578 million) loss in 2003 to post 2004 net profits of 1.833 billion euros ($2.44 billion) despite a...
Mar 16 2005 // Following the publication of Munich Re’s 2004 results (see previous article), A.M. Best Co. issued a comment that its ratings on the group are unaffected following the announcement. Best noted that they were...
Feb 16 2005 // Munich Re announced 2004 net earnings of 1.8 billion euros ($2.34 billion), confirming its earlier revised estimates of between $2.22 billion and $2.48 billion (See IJ Web site Jan.23). The move back to profitability...
Feb 1 2005 // A.M. Best Co. has upgraded the financial strength rating to A++ (Superior) from A+ (Superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company (HSB) and its three group rated subsidiaries.The...
Jan 26 2005 // A.M. Best Co. has commented that the financial strength rating of A+ (Superior) (with a stable outlook) and the issuer credit rating of “aa” (with a negative outlook) of Muenchener Rueckversicherungs (Munich...
Jan 24 2005 // In a brief announcement the Munich Re Group said its consolidated profit for the year 2004 would be between 1.7 and 1.9 billion euros ($2.22-$2.48 billion) despite special writedowns by the HVB Group. “The HVB Group...
Jan 14 2005 // Munich Re presented its views at the UN’s World Conference on Disaster Reduction on the special problems faced by Megacities, defined as “conurbations with ten million or more inhabitants.”These large...
Dec 29 2004 // Munich Re, the world’s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company’s...
Dec 28 2004 // A.M. Best Co. announced that it has affirmed the financial strength ratings of “A+” (Superior) of American Re Corporation Group’s member companies, which include American Re-Insurance Company, American...
Dec 23 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Excellent) of U.K. based HSB Engineering Insurance Limited (HSBEIL) with a stable outlook.Best said it “regards HSBEIL...
Dec 15 2004 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) is now offering to insurers identity recovery coverage that combines identity theft insurance with services that help victims restore their credit history...
Nov 9 2004 // Despite an estimated 550 million euros ($711 million) in hurricane related claims, Munich Re, the world’s largest reinsurer, seems to have weathered the storm(s). The company announced third quarter profits of 365...
Nov 2 2004 // The Hartford Steam Boiler Inspection and Insurance Company (HSB) is now offering Employment Practices Liability (EPL) coverage through selected insurance company partners serving small and medium-size businesses. The...
Oct 1 2004 // Munich Re, the world’s largest reinsurer, issued a statement estimating that its losses from “an unusually close succession of windstorms in the Atlantic and Pacific” would be around 500 million euros...
Sep 27 2004 // Munich Re has established a new service company, Munich Re India Services Ltd., Mumbai, aimed at strengthening and intensifying “long-standing business relations – some dating back to 1950 – with Indian...
Sep 10 2004 // Standard & Poor’s Ratings Services announced that it has affirmed its “A” counterparty credit and financial strength ratings on U.S.-based American Re-Insurance Co. and its subsidiaries American...
May 12 2004 // Germany’s Munich Re announced the opening of a new office complex, “Am Münchner Tor,” in its hometown on Tuesday, May 11, 2004 by Dr. Nikolaus von Bomhard, Chairman of the Board of Management.The...
Apr 26 2004 // American Re-Insurance Company, Munich Re’s U.S. subsidiary, has issued a statement underscoring its commitment to its U.S. casualty business. “We are in this business to stay and we want to assure our clients...
Apr 14 2004 // Farms have changed, and so have the risks. The addition of computer-controlled technology to traditional farm equipment has significantly increased exposures, yet many farms lack insurance protection when equipment breaks...
Apr 2 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A+” (Superior) of Munich Reinsurance Company of Canada (MROC) (Toronto, Ontario) with a stable outlook.Best noted that the rating...