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Cyber Insurance Market Size Expected to Soar: Munich Re

Apr 14 2025 // Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023.In...

Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires

Feb 26 2025 // Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European...

Munich Re Targets Net Profit of €6 Billion ($6.3 billion) for 2025

Dec 13 2024 // Munich Re is aiming for an IFRS net profit of €6 billion (US$6.3 billion) in 2025 as a result of “consistently good operational performance in all business segments.”It also expects good underwriting...

People Moves: Coalition Taps Munich Re’s Foster as Head of London Mkts.; Hamilton Re Expands Into Credit, Bond & Political Risk Reinsurance With Lottimore Appointment

Nov 27 2024 // This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re.A summary of these new hires follows here. Coalition Taps Munich Re’s Foster as Head of London MarketsCoalition,...

Munich Re Specialty to Enter Spanish Insurance Market

Oct 10 2024 // Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin underwriting in 2025.It has set up a Spanish branch of Munich Re Risk Solutions Ireland Ltd.,...