Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
2013 Floods Prove Positive Results from Defense Measures: Munich Re
Apr 1 2014 // A study from Munich Re notes that although natural catastrophe losses in 2013 were dominated by floods, “detailed analyses have shown that protective measures can drastically reduce losses. For example, the June 2013...
Hartford Steam Boiler Announces Help Desk Service for Homeowners
Mar 20 2014 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering technical support services for homeowners through a partnership with Sutherland Global Services (Sutherland), a provider of business process...
Munich Re 2013 Profits Fall; Targets $4.1+ Billion for 2014
Mar 20 2014 // Munich Re posted the following summary of its results for the financial year 2013: — Operating result of €4.4billion from (€5.3 billion) [$6.07 billion from $7.32 billion]. — Despite low interest rates and...
Aon Benfield Securities Completes Quake Protection for Israeli insurer I.D.I.
Mar 5 2014 // Aon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, announced that it has “successfully completed a ‘Cat in the Box’ transaction...
Munich Re Opening New Office in Minnesota
Feb 6 2014 // Global reinsurer, Munich Re, announced it is expanding its presence in the U.S. health reinsurance business with the opening of a new regional office in Minnetonka, Minn. The company said this decision was taken to seize...
Munich Re Raises Dividend as Profit Beats Estimates
Feb 4 2014 //
Munich Re to Buy Hartford Steam Boiler Unit’s Headquarters Building in Conn.
Jan 23 2014 // Munich Re, the world’s largest reinsurer, said its Hartford Steam Boiler agreed to buy the 24-story building that serves as the unit’s headquarters. The structure at One State Street in Hartford, Connecticut,...
Munich Re’s Review of 2013 Cat Losses Focuses on Weather-Related Events
Jan 7 2014 // In its annual review of loss events in the past year, Munich Re emphasized the “exceptionally high losses from weather-related catastrophes in Europe and Supertyphoon Haiyan,” which, the report said,...
Best Affirms Munich Re and Subs ‘A+’ Ratings; Outlook Stable
Nov 21 2013 // A.M. Best Europe has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Co. and its subsidiaries. Best also affirmed all...
Much of Eastern Asia Underinsured for Weather As Risk, Values Rising
Nov 13 2013 // Insured losses from weather-related events in Eastern Asia amount to only about 10 percent of the $700 billion in total losses accumulated over the last three decades, according to an analysis by Munich Re. According to...
Munich Re Plans $1.35 Billion Buyback as Q3 Net Beats Estimates
Nov 7 2013 // Munich Re, the world’s biggest reinsurer, plans to buy back €1 billion ($1.352 billion) of its shares as third-quarter profit dropped 44 percent. Net income dropped to €637 million [$861.2 million] from €1.13...
Munich Re Stresses Need for Nat Cat Coverage in Emerging Markets
Oct 30 2013 // According to a scientific study conducted by the University of Würzburg on the basis of loss data from Munich Re’s NatCatSERVICE database, “emerging countries are excessively affected by losses from natural...
Best Affirms Ratings of Hartford Steam Boiler Group’s Members
Oct 28 2013 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit ratings (ICR) of “aa+” of the members of The Hartford Steam Boiler Group (HSB). In addition...
Munich Re Says China to Remain Centerpiece of Asia Expansion
Oct 25 2013 // Munich Re, the world’s biggest reinsurer, said China will remain its biggest growth market in Asia as it considers countries such as India too unpredictable to step up investment. “Our biggest customers in...
Verisk Climate, HSB Launch Service to Assess Electrical Blackout Risk
Oct 24 2013 // Verisk Climate and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have introduced new technology and consulting services that help insurers and businesses predict the likelihood, severity, and financial...
Europe 9 Month Nat Cat Losses $23 Billion+; Trending Upwards: Munich Re
Oct 21 2013 // A report from Munich Re estimates that losses due to natural catastrophes totaled €17 billion [$23.24 billion] in Europe in the first nine months of 2013, “dominated by flood losses, which accounted for a share of...
Munich Re Names Kaufmann Chief Risk Officer
Oct 8 2013 // Munich Re announced the appointment of Bernhard Kaufmann (44) to the post of Group Chief Risk Officer, effective as of January 1, 2014. He succeeds Joachim Oechslin, who will be joining the Executive Board of the Credit...
Munich Re Expert Tells IUMI Cat Models a Must for Marine Risks
Sep 18 2013 // Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re’s modeling expert, that even a catastrophe model that is wrong is better than no...
Munich Re Sees Stable Reinsurance Rates in January Renewals
Sep 9 2013 // Munich Re, the world’s biggest reinsurer, said it expects stable rates for its property and casualty reinsurance at January price negotiations. “Prices will remain largely stable, chiefly due to the still...
Reinsurance Terms and Conditions, More Than Price, Could Be Focus in 2014
Sep 6 2013 // Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the...
