All the headlines from our Munich Re Topic Page, ordered by recency.
May 8 2019 // German reinsurer Munich Re reported a 23.5 percent decrease in its first quarter net profit to €633 million ($708.6 million) from €827 million ($925.7 million) in Q1 2018.The world’s largest reinsurer blamed the...
May 2 2019 // The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary.Financial details of the transaction where not disclosed. Talanx purchased ERGO Sigorta from ERGO...
Apr 18 2019 // Munich Re Syndicate Singapore (MRSS) has formed a partnership with Nectar Specialty Risk Pte Ltd. (Nectar), a Singapore incorporated limited liability company and Lloyd’s coverholder that provides tailor-made...
Feb 13 2019 // Prathap C. Reddy and his family, founders of India’s Apollo Hospitals Enterprise Ltd., plan to sell their holdings in an insurance venture with Munich Re AG to repay debt, people with knowledge of the matter said.The...
Feb 6 2019 // German reinsurer Munich Re on Wednesday reported a 56 percent decline in fourth quarter net profit after a spate of natural catastrophes but proposed raising its dividend for 2018.Net profit fell to 238 million euros...
Jan 21 2019 // The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re.A report from Munich Re on last...
Jan 8 2019 // The costliest natural catastrophes occurred in the United States in 2018 with one of California’s devastating wildfires and Hurricane Michael topping the list, according to Munich Re.A report from Munich Re on last...
Oct 26 2018 // Hartford Steam Boiler (HSB), part of Munich Re, announced the close of the acquisition of relayr, Inc., the Berlin-based industrial internet of things technology company.HSB acquired 100 percent of relayr’s shares...
Oct 19 2018 // Nikolaus von Bomhard, who retired as CEO of Munich Re in April 2017, is likely to return to the German reinsurer as chairman of the supervisory board.This week, Munich Re’s nomination committee recommended to the...
Oct 12 2018 // In a bid to diversify its earnings and expand its markets beyond the U.S., Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and subsidiary of Munich...
Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...
Sep 4 2018 // Munich Re announced it is taking a further key step to create new business models in industrial Internet of Things (IoT) through the acquisition of the software company “relayr” via Munich Re’s...
Sep 4 2018 // Leading international insurance group Tokio Marine Holdings (TMH) has appointed Daljitt Barn to the newly created post of global head of cyber risk.Barn, who will be based in London, joins from Munich Re and is an industry...
Aug 6 2018 // Munich Re, the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, caving to...
Aug 1 2018 // Munich Re Specialty Group Ltd. (MRSG) of London is expanding its underwriting platform in North America and has tapped John Hennessy to lead the initiative. Hennessy was named president and chief executive officer of MRSG...
Jul 31 2018 // The Hanover Insurance Group, Inc. has appointed Eric C. Cernak has the head of its cyber practice. In this role, Cernak is responsible for overseeing corporate cyber strategy across all of its commercial lines and...
Jul 17 2018 // Munich Re’s Chief Financial Officer Jörg Schneider, who turns 60 this year, will retire from the Munich Re board of management at his own request on Dec. 31, 2018.The Supervisory Board of Munich Re has appointed...
Jul 11 2018 // Next Insurance has raised $83 million in new financing, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market.Nationwide Insurance and Munich...
Jun 21 2018 // Guggenheim Partners is exploring the sale of a stake in its $250 billion asset-management unit overseen by Scott Minerd, according to people familiar with the matter.Guggenheim Partners Investment Management has been in...
May 14 2018 // Munch Reinsurance Co. has repurposed a Bermuda unit that was authorized for property/casualty business into a reinsurer for its U.S. life reinsurance business.The unit, Munich Re Bermuda, was formerly named Princeton Eagle...