All the headlines from our Munich Re Topic Page, ordered by recency.
Oct 13 2021 // Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on insurtech and cybersecurity.The new financing arm, dubbed Munich Re Fund II,...
Oct 8 2021 // This edition of International People Moves details appointments at reinsurance broker Lockton Re and two insurers: Atrium Underwriters and MS Amlin Underwriting.A summary of these new hires follows here. Lockton Re Bermuda...
Sep 30 2021 // Lockton Names WTW’s Danyluk as Head Int’l Property in Wholesale P/CLockton, the world’s largest privately owned independent insurance broker, has appointed Andrzej Danyluk as head of International...
Sep 22 2021 // HSB Canada, part of Munich Re, has introduced HSB Cyber Suite, a comprehensive collection of cyber insurance and services designed to protect small and medium-size businesses from cyber-attacks, data breaches, identity...
Sep 14 2021 // Trumpeting a message that he conceded might be different from peers, Stefan Golling, a member of Munich Re Board of Management, said that Munich Re remains bullish on the cyber insurance and reinsurance markets.In fact,...
Sep 2 2021 // Munich Re replaced Swiss Re as the largest reinsurer in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2020, marking a return to a position that it last held in 2017.Swiss Re held the top spot in...
Aug 16 2021 // Groves, John & Westrup Ltd. has been a coverholder for Munich Re’s Lloyd’s syndicate for decades, writing marine, pleasure boat and private yacht insurance. This year, the company branched out into the high...
Aug 10 2021 // German reinsurance group Munich Re said on Tuesday it would meet its 2021 profit goal as it raised its forecast for gross premiums and predicted higher pandemic-related losses than previously anticipated.Munich Re made the...
Jul 21 2021 // Munich Re’s net profit in the second quarter rose around 90% from a year earlier, beating expectations and giving it confidence of meeting its 2021 profit target.The German reinsurer said in an unscheduled...
May 26 2021 // HSB, part of Munich Re. has launched HSB Precision Ag insurance, a suite of coverages for evolving farm data risks, technology and state-of-the-art equipment.Designed for large commercial enterprises and smaller family...
Apr 16 2021 // Chubb has appointed Lyndsey Christofer as executive vice president, Construction Industry Practice Leader for its large account segment. In this capacity, she will oversee a team of construction underwriting and service...
Mar 18 2021 // Roanoke Insurance Group is expanding to Canada to provide insurance and surety bonds to companies involved in logistics, transportation and shipping. The new entity, Roanoke Insurance Group Canada, Inc., (RIG CA), is an...
Mar 2 2021 // Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its clients, the companies...
Feb 25 2021 // Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29 billion) reported for the previous year.The reinsurer’s Q4 2020 profit dropped to €212...
Feb 23 2021 // A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government.The U.S. has been threatening sanctions against European...
Feb 18 2021 // HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling, crisis communications, lost business income and security services to help companies...
Jan 12 2021 // Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed.Levy has worked for Munich Re US for 23 years, holding a...
Jan 7 2021 // Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday.The damage, tallied by the German...
Dec 8 2020 // German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday.The world’s largest resinsurer is making the change after it faced large losses this...
Nov 19 2020 // HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events...