All the headlines from our Munich Re Topic Page, ordered by recency.
Nov 16 2020 // HSB is expanding its engineering services to deliver consultancy services that enable businesses to improve efficiency and meet their compliance obligations.Using the technical knowledge and expertise of its engineers,...
Nov 13 2020 // EQ One, a West Coast earthquake insurance underwriter, has added additional capacity to its earthquake offering through Munich Re Specialty Insurance.This increased capacity will allow EQ One team to write larger...
Nov 12 2020 // November 12, 2020 – Garden City, NY – Wright Specialty Insurance, which provides a comprehensive suite of property and casualty insurance coverage and services for educational institutions nationwide, has expanded...
Oct 21 2020 // Munich Re reports approximately €800 million (US$935 million) in COVID-19-related losses in reinsurance during the third quarter. The losses were attributable to various business lines, such as insurance for major events...
Oct 14 2020 // The TRUMPF Group and Munich Re Group are entering into a strategic partnership for a “pay-per-part” business model, which enables customers to use a full-service laser machine without having to buy or lease any...
Oct 12 2020 // Munich Re Specialty Insurance has launched a lawyers professional liability (LPL) insurance product, an errors and omissions policy specially designed for mid-size law firms.The LPL policy provides up to $5 million in...
Sep 30 2020 // Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing the capital of the industry. The COVID-19 crisis has renewed attention on these risks,...
Sep 28 2020 // New Reinsurance Co. Ltd., a wholly owned subsidiary of Munich Re, announced that its board of directors appointed Dr. Thomas Braune as its new chief executive officer. Braune will assume his new role on Oct. 1, 2020,...
Sep 21 2020 // Even before the coronavirus crisis hit, the reinsurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re.Such price...
Sep 18 2020 // Speaking at one of the many virtual conferences that took place in early September, Dan Malloy, chief executive officer of Bermuda-based Third Point Reinsurance, offered an anecdotal view of the reinsurance market from a...
Sep 11 2020 // Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half.“We are currently...
Sep 9 2020 // Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re.Such price...
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...