All the headlines from our Munich Re Topic Page, ordered by recency.
Sep 8 2020 // Munich Re said it faces claims of at least 100 million euros ($118 million) stemming from the deadly explosion that ravaged much of downtown Beirut last month.The German reinsurer said losses in the “low...
Aug 24 2020 // Berkshire Hathaway Specialty Insurance (BHSI) has appointed Dr. Carsten Keune as head of Executive & Professional Lines in Germany. Carsten has more than 20 years of industry experience. He was most recently head of...
Aug 6 2020 // German reinsurance group Munich Re posted a 42% decline in second-quarter net profit, with around 700 million euros ($832 million) in losses related to the coronavirus pandemic in the period.The company, which had already...
Jul 28 2020 // Summary: Dr. Gunther Kraut, head of Epidemic Risk Solutions at Munich Re, discusses the current state of the pandemic insurance market and what can be expected for the future. He says one of the challenges of developing...
Jul 24 2020 // Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re estimated that natural...
Jul 10 2020 // Munich Re Specialty Insurance (MRSI) has released a miscellaneous professional liability product for non-specialist, commercial businesses.Miscellaneous professional liability (MPL) coverage provides liability and defense...
Jun 18 2020 // Rob McAdams will be joining the Munich Re Syndicate as head of Marine. Based in London, he will oversee the global syndicate’s marine portfolio and help drive the underwriting business across cargo, fine art &...
Jun 10 2020 // Specialist engineering and technology insurer HSB, part of Munich Re, has expanded its e-trade offering by launching HSB Fast Track, its broker online trading platform, in Ireland.The HSB Fast Track e-trade platform is...
Jun 8 2020 // Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Taishan Property & Casualty Insurance Co.Founded in 2011, Taishan Insurance is a nationwide property and casualty insurer based in Shandong,...
May 29 2020 // S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries, with a stable outlook.The stable outlook reflects S&P’s view...
May 7 2020 // Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a 65% drop in first-quarter...
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well.In his role as a...
Apr 3 2020 // Munich Re Specialty Group (MRSG) has appointed Hui Yun Boo as head of Asia, effective April 3, 2020. Boo will be based in the firm’s Singapore office and will lead Munich Re Syndicate offices throughout the Asia...
Apr 1 2020 // Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great uncertainty” caused by the macroeconomic and financial impacts of COVID-19 in combination with the...
Feb 4 2020 // Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but there are certain requirements and differences compared to traditional syndicates.The...
Feb 4 2020 // Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost...
Jan 23 2020 // Munich Re is considering whether to set itself a long-term net income target of 3 billion euros ($3.3 billion) a year as the company seeks to match levels it regularly achieved until 2015.The reinsurer may announce such a...
Jan 9 2020 // New York Gov. Andrew Cuomo is proposing an aggressive climate change-fighting campaign for his state that includes a $3-billion bond act that would be put on the ballot this November.Cuomo, who says that money would go to...
Jan 8 2020 // Natural catastrophes caused overall losses of US$150 billion during 2019, including insured losses of about US$52 billion, which matches the average of the past 30 years, according to Munich Re’s catastrophe...
Dec 20 2019 // Munich Re Group, advised by MEAG, has agreed to acquire the 330 Madison Avenue building in New York City.The 39 story high-rise dates from 1963 and was designed by Ely Jacques Kahn, one of the fathers of the New York City...