Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re Raises Shareholding in India’s Apollo Munich Health Insurance
Jan 26 2016 // Munich Re will acquire an additional 23.27 percent of shares of Apollo Munich Health Insurance Co. Ltd., from its joint venture partner, the Apollo Hospitals Group, India, increasing its shareholding from 25.5 percent to...
El Niño Helped Reduce Natural Catastrophe Losses in 2015: Munich Re
Jan 4 2016 // Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on...
Buffett’s Berkshire Hathaway Cuts Munich Re Stake to 4.6%
Dec 14 2015 // Warren Buffett’s Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market. The holding was trimmed to 4.6 percent from 9.7...
HSB Engineering Insurance Launches Cyber Insurance Cover for UK SMEs
Nov 13 2015 // HSB Engineering Insurance has launched a new cyber insurance product aimed directly at small to medium-sized businesses in the U.K. In response to the growing demand for insurance solutions to cover cyber risks,...
Munich Re Q3 Profit Declines 29% on Investment Earnings
Nov 5 2015 // Munich Re, the world’s biggest reinsurer, said third-quarter profit slumped 29 percent on a decline in earnings from investments. Net income declined to 520 million euros [$567.8 million] in the three months through...
Best Affirms Munich Re and Subs Ratings; Outlook Stable
Oct 23 2015 // A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the...
Munich Re Working with Clients to Develop Solutions for ‘Digitalization’
Oct 21 2015 // A bulletin from Munich Re notes that the “risk landscape for insurers and their clients is changing faster than ever before, especially in terms of technologies, services, sales channels and demand patterns.”...
Update: Buffett Cuts Munich Re Shareholding, Responds to Reinsurance Slump
Sep 29 2015 // Warren Buffett’s Berkshire Hathaway Inc. has cut its stake in Munich Re after lamenting a slump in the reinsurance business. Berkshire’s holding was lowered to 9.7 percent from about 12 percent, Munich Re said...
Munich Re, Marsh Introduce Pharma Coverage for Regulatory Actions
Sep 25 2015 // Munich Re and Marsh & McLennan Cos., the largest insurance broker by market value, introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend...
Marsh, Munich Re Launch Non-Damage Business Interruption Coverage for Life Sciences
Sep 23 2015 // Marsh and Munich Re have launched non-damage business interruption insurance (NDBI) product that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions...
Reinsurers Seek New Markets, Underinsured Risks to Ease Price Pressures
Sep 14 2015 // Major reinsurers like Munich Re, Swiss Re, Hannover Re are looking to new markets and selling more cover to existing clients to ease price pressures after several years of falls, they said at their annual meeting in Monte...
HSB Expands Equipment Breakdown, Tech Insurance for ‘Invisible’ Risks
Sep 9 2015 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is expanding the availability of HSB TechAdvantage, an equipment breakdown insurance that covers undetectable physical damage to microelectronics, by offering...
Rios Resigns as CEO of American Modern Insurance
Aug 6 2015 // Citing personal reasons, Manny Rios has resigned as president and CEO of specialty insurer American Modern, effective immediately, the insurer announced today. Tony Kuczinski, president and CEO of Munich Reinsurance...
Munich Re Q2 Net Income Rises to $1.14 Billion on Lower Catastrophe Claims
Aug 6 2015 // Munich Re, the world’s biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion euros [$1.14 billion]...
Munich Re Launches Inland Flood Insurance Product for U.S. Homeowners
Aug 6 2015 // Munich Reinsurance America, Inc. has launched a new personal lines inland flood insurance product designed to provide more options for homeowners in low-to-moderate-hazard flood zones. According to the National Flood...
Global Insured Cat Losses in First Half Are Below Long-Term Average: Munich Re
Jul 14 2015 // Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich Re. Total natural...
Munich Re’s ERGO May Cancel Purchase of Greek Insurer on Instability
Jul 10 2015 // Munich Re’s ERGO Insurance unit may cancel its planned 90.1 million euro ($100 million) acquisition of Greece’s ATE Insurance SA if the country doesn’t return to stability. “Depending upon how the...
HSB Engineering Insurance Appoints Wright as Chief Operating Officer
Jun 12 2015 // Specialist engineering and construction insurer HSB Engineering Insurance (HSB), part of Munich Re, has appointed Andy Wright as chief operating officer. Wright will be leading HSB’s operational strategy with primary...
Munich Re Confirms Riess as Future ERGO Chairman, Board Member
Jun 10 2015 // The Supervisory Board of ERGO Versicherungsgruppe AG has appointed Markus Riess to the ERGO Board of Management and also as its Chairman. Moreover, Munich Re’s Supervisory Board has also appointed Riess as a member...
HSB Launches Enhanced Farm Equipment, Machinery Breakdown Coverage
May 8 2015 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched a new farm equipment and machinery breakdown coverage with expanded insurance for mobile implements and the precision...
