Munich Re News

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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.,...

Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup

Oct 9 2024 // Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients.“A recent strategic review of our businesses led to the difficult decision that GrovesJohnWestrup Private Clients closed...

Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers

Aug 30 2024 // Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best.Among the largest IFRS 17 reporting...

HSB Opens Office in the Kingdom of Saudi Arabia

May 7 2024 // HSB announced the opening of a new office location in Al-Jubail, Saudi Arabia, on May 6.“One of our strategic priorities is to increase accessibility to HSB’s inspection and engineering services, particularly...

Munich Re Says Beating Target More Likely After Strong Quarter

Apr 23 2024 // Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result.Net income rose to about €2.1 billion ($2.2...

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