All the headlines from our Munich Re Topic Page, ordered by recency.
Jul 20 2005 // Fitch Ratings has assigned an ‘AA-‘ insurer financial strength rating to American Reinsurance Company (AmRe). The Rating Outlook is Stable.Fitch’s rating on AmRe reflects its view that the company is a...
Jul 13 2005 // A.M. Best Co. has placed the financial strength ratings of A (Excellent) under review with negative implications for American Re Corporation Group’s (American Re) member companies, which include American Re-Insurance...
Jul 12 2005 // A.M. Best Co. has placed the ratings of Muenchener Rueckversicherungs-Gesellschaft (Munich Re) (Germany) and its rated subsidiaries under review with negative implications. These rating actions follow Munich Re’s...
Jul 5 2005 // Standard & Poor’s Ratings Services has indicated that the recent announcement by Germany’s Munich Reinsurance Co. (rated “A+”/Stable) that it is currently undergoing an in-depth reserve review...
Jun 28 2005 // Munich Re held an investors’ day conference in London yesterday, June 27. In conjunction with the event it published detailed information on its internal risk model, which shows that “the Group’s...
Jun 13 2005 // Europe’s biggest ever cross-border banking merger moved a step closer over the weekend, as Munich Re announced that it seemed set to approve the offer from UniCredit, Italy’s largest bank, to acquire...
May 12 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on Germany’s Munich Reinsurance, (currently “A+”/Stable) and its related entities–collectively known as the...
May 10 2005 // Munich Re posted a 26.7 percent increase in its consolidated results for the first quarter of 2001, earning a net profit of 688 million euros ($882.7 million), compared to 543 million euros ($696.7 million) in the same...
May 2 2005 // Munich Re, the world’s largest reinsurer, and Swiss reinsurer Converium have received subpoenas from the Securities Exchange Commission and New York State Attorney General Eliot Spitzer as part of the ongoing...
Apr 29 2005 // Nikolaus von Bomhard, chairman of Munich Re’s Board of Management, presided over an upbeat annual general meeting yesterday at the world’s largest reinsurer’s corporate headquarters in...
Apr 13 2005 // Under the motto “From Knowledge to Action,” Munich Re announced that it has established the Munich Re Foundation with an initial capital of 50 million euros ($64.71 million). The announcment said the foundation...
Apr 7 2005 // The accounting investigation swirling around AIG has now spread out across the ocean to reach Bermuda and Germany, as authorities questioned Munich Re about its relations ships with AIG and Island regulatorsd launched...
Mar 18 2005 // Standard & Poor’s Ratings Services has said that the 2004 results announced by Germany’s international reinsurer Munich Reinsurance Co. (A+/Stable/–) and its related entities–collectively...
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...