Latest Munich Re Headlines

All the headlines from our Munich Re Topic Page, ordered by recency.

Munich Re Embraces Driverless Future with Mobileye Fleet Product

Sep 13 2017 // Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the...

Risk Managers Cautious When It Comes to Use of Drones

Sep 7 2017 // When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America (Munich Re, US). Other...

4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch

Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...

Reinsurers Invest in Fintech Startups to Diversify and Grow in Soft Market

Aug 11 2017 // When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer.The German company had just teamed up with a U.K....

Report Calls out $361M of Euro Insurer Assets in Expanding Coal Concerns

Aug 3 2017 // A climate activist group is calling out a handful of European insurers for having significant holdings in fossil fuels despite pledges by the companies to be more climate friendly.A report released today alleges that...

Natural Disaster Claims Drop 40% to $19.5B in 1st Half of 2017: Munich Re

Jul 18 2017 // Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday.In addition, some $21.5...

Silicon Valley Honors Munich Re US and Mozeika for Insurtech Leadership

Jul 11 2017 // A Silicon Valley innovation platform that connects technology startups, corporations and investors has recognized Munich Re, US for leadership in the insurtech space. The high-tech incubator and mentoring group known as...

Munich Re US Launches Commercial Drone Operator Liability Endorsement

Jul 7 2017 // Munich Reinsurance America Inc. (Munich Re, US), has launched a new commercial drone insurance product that offers customized liability for insurance companies and their small-to-medium size businesses using drones under...

Startup Next Insurance Closes Funding Round Worth $35 Million with Amex Aboard

Jun 21 2017 // Next Insurance, a digital insurance agency for small to medium businesses, announced that American Express Ventures has joined its previously announced Series A Round led by Munich Re/HSB Ventures.In May, Next reported the...

U.S. P/C Insurance Industry Keeps Quiet on Trump Exit from Paris Climate Accord

Jun 19 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...

U.S. P/C Insurance Industry Mostly Silent on Trump Exit from Paris Climate Accord

Jun 6 2017 // The U.S. property/casualty insurance industry, which has been facing rising claims bills for extreme weather events, mostly reacted with silence to President Donald Trump’s decision to withdraw the country from the...

Munich Re, Aviva Ventures Invest in UK Connected Home Insurer Neos

May 30 2017 // Neos, a UK connected home insurer, announced last week it has secured a £5 million (roughly $6.4 million) series A investment led by Aviva Ventures together with strategic partner Munich Re.The strategic investment...

Munich Re & Hannover Re Results on Track Despite Higher Nat Cat Claims

May 10 2017 // Reinsurers Munich Re and Hannover Re both reported that first quarter results are on track to meet their annual targets, despite Q1’s higher level of catastrophe claims.Munich Re reported consolidated first quarter...

High-Profile Cyber Attacks Drive Growth of Cyber Crime Insurance

May 10 2017 // For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, it’s free...

Startup Next Insurance Raises $29 Million from Insurers, Other Investors

May 3 2017 // Next Insurance, a digital insurance company for small to medium businesses, said it has raised $29 million in a Series A funding round led by Munich Re/HSB Ventures along with Markel, Nationwide and other existing...

Munich Re’s Primary Carrier, ERGO, Explores China Digital Business

Apr 28 2017 // ERGO, Munich Re’s troubled primary insurance company, is making a digital push in the massive Chinese market.Mark Klein, ERGO’s chief digital officer, recently visited China to explore how the insurer can...

Munich Re’s New CEO Wenning to Take ‘Hard-Nosed’ Approach

Apr 28 2017 // Joachim Wenning admitted he would not be to everyone’s liking long before taking the helm of Germany’s Munich Re.That hard-nosed approach could prove valuable as the 52-year-old tackles falling profits,...

Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re

Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re.While premium income is...

Munich Re, Beazley Partner to Provide Enhanced Cover for Large Cyber Risks

Apr 20 2017 // Building on their existing collaboration, Beazley and Munich Re’s Corporate Insurance Partner announced the creation of “Vector,” a partnership that aims “to bring innovation and capacity to the...

Markel Int’l Singapore Taps Munich Re’s Fordham as Marine Liability U/W

Apr 18 2017 // Markel International Singapore, the specialist insurer, has appointed Colin Fordham as a senior marine liability underwriter based in Singapore.Fordham joins from the Munich Re syndicate on the Lloyd’s Asia Platform,...