Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
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...
Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Apr 12 2024 // Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan...
People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO, Asia-Pacific & MENA
Apr 4 2024 // This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief...
Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos
Apr 3 2024 // With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance...
Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio
Jan 5 2024 // Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property...
Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit
Oct 24 2023 // Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past analysts’ estimates. The reinsurer said it expects a profit of €4.5 billion ($4.8...
Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best
Aug 23 2023 // Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row. These two...
S&P Revises Outlooks for Munich Re, Swiss Re While Affirming AA- Ratings
Aug 18 2023 // S&P Global Ratings has revised its outlooks for Munich Re and Swiss Re, affirming both reinsurers’ “AA-” issuer credit and financial strength ratings. Munich Re’s outlook was revised to positive...
People Moves: Miller Taps Marsh’s Holloway as Head of Europe; HSB Canada Names Walker Chief Distribution Officer; HDI’s UK & Ireland Branch Announces Key Hires
Aug 2 2023 // This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global. A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of Europe Miller, the London-based...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re
Jul 28 2023 // Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag of $110 billion, according to Munich Re. These insured losses were slightly lower than the US$47...
People Moves: Munich Re Names Parhelion’s Richardson as CUO of Green Solutions Portfolio; BHSI Names Walker to Lead UK National Business
Jul 18 2023 // This edition of International People Moves details appointments at Munich Re Specialty Group and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Munich Re Specialty Group Names Richardson...
People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President
Jul 5 2023 // This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver...
Insify Raises €10 million Series A Extension Led By Munich Re
Jun 9 2023 // Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million. Munich Re Ventures led the extension round and was joined by existing investors including global...
Markets/Coverages: Munich Re Specialty Offers ‘Green Solutions’ For Customers’ Net Zero Ambitions
May 3 2023 // Munich Re Specialty Group, the parent of Munich Re Syndicate, announced the launch of Green Solutions, a portfolio of insurance products and services that supports its customers’ net zero ambitions. The portfolio...
Capitola in California Secures $15.6M in Funding Round Led by Munich Re Ventures
Apr 18 2023 // Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market...
Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year
Apr 6 2023 // Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a spokesperson told Reuters on Thursday. The decision follows an announcement by Allianz on Wednesday that it...
Zurich Exits Insurance Climate Alliance, Days After Munich Re
Apr 6 2023 // Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer said in a statement...
Munich Re Exits Insurance Climate Group, Citing ‘Material’ Legal Risks
Apr 3 2023 // Munich Re is leaving an alliance of leading insurers that have committed to reduce emissions due to what it says are “material” legal risks, in a move that marks the latest blow to a coalition built by former...
People Moves: Everest Taps Chubb’s Chaves to Lead Mexico Operations; BMS Names Munich Re’s Tigleanu for Cyber Strategy; Miller Hires Dipati in Singapore Energy Team
Mar 31 2023 // This edition of International People Moves details appointments at Everest Insurance and two brokers BMS and Miller. A summary of these new hires follows here. Everest Insurance Taps Chubb’s Chaves to Lead Mexico...
