Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Capital Oversupply Could Pressure Reinsurers to Lower Rates
Sep 4 2013 // Munich Re and Swiss Re Ltd. are among reinsurers likely to face further pressure to lower the rates they charge clients as the capital available for backing policies remains near a record high, brokers said. “With...
Munich Re Licenses AIR’s Updated Crop Insurance Models for U.S., China
Aug 8 2013 // AIR Worldwide reported that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China. “These are weather-based models that estimate underwriting gains and losses based on crop...
Floods Impact Munich Re’s Q2 Net Profit; Still on Track for FY $4 Billion
Aug 6 2013 // Despite a rough second quarter – consolidated profit of €543 million [$720 million], compared to €812 million [$1.077 billion] in Q2, 2012, Munich Re said it is “well on track to achieve its 2013 profit...
Flood Losses Dominate Disaster Count in 1st Half of 2013: Munich Re
Jul 9 2013 // Floods caused billions of dollars in losses and dominated the natural catastrophe statistics for the first half of 2013, according to a study released by Munich Re. “Around 47 percent of the overall losses and 45...
AER, Hartford Steam Boiler To Develop Tech Tool for Forecasting Blackouts
May 30 2013 // Atmospheric and Environmental Research (AER) and The Hartford Steam Boiler Inspection and Insurance Co. (HSB) have formed a strategic alliance that will provide a technology and services product to understand and assess...
S&P Applies Revised Insurance Criteria to 22 Reinsurers and Subs
May 24 2013 // Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See...
Emerging Markets to Lead in Insurance Growth: Munich Re
May 17 2013 // Emerging markets will see the highest growth in premiums for insurance companies this year and next, while Europe lags, according to the world’s biggest reinsurer, Munich Re. In a study published on Thursday, Munich...
Hartford Steam Boiler Launches Cyber Attack Protection for Small Businesses
Apr 29 2013 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has launched HSB CyberOne, a new cyber risk insurance coverage for small businesses. The new product expands HSB’s suite of products...
Munich Re Supports Quake Prevention Project in India
Apr 12 2013 // Munich Re announced that it is supporting a prevention project in a region in India that is prone to earthquakes. The two-year project in conjunction with GeoHazards International, is aimed at protecting people, buildings...
Munich Re Study Sees Asia Pacific Dominating Insurance Growth by 2020
Mar 20 2013 // “Asia-Pacific will be the dominant driver of world insurance growth by 2020,” according to a study published by Munich Re’s Economic Research Department. The report forecasts that premium income for the...
Munich Re Warrants Performance of Xicato’s LED Light Modules
Feb 12 2013 // Munich Re announced that it has “introduced ground-breaking insurance coverage with the US lighting company Xicato,” which provides its customers with a “5-year performance guarantee on its LED modules...
Munich Re Preliminary Figures Show $4.33 Billion Profit in 2012
Feb 5 2013 // Munich Re’s preliminary financial figures for 2012 show a profit of €3.2 billion [$4.33 billion], compared to catastrophe prone 2011, when it posted a profit of €710 million [$960 million]. The reinsurer’s...
Munich Re: Sandy Tops 2012 Disasters
Jan 14 2013 // A series of severe weather-related catastrophes led to higher-than-normal losses in the United States last year. The world’s largest reinsurer Munich Re took a close look at these catastrophes in its “2012...
Munich Re 2012 Cat Report Underscores Extreme Weather in U.S.; Sandy Losses
Jan 3 2013 // The figures for natural catastrophse that occurred in 2012 are “dominated by weather extremes in the USA,” according to a report from Munich Re. The reinsurers said the U.S. “accounted for a higher...
Munich Re Announces Pischetsrieder to Replace Schinzler as Board Chairman
Dec 13 2012 // Munich Re announced that the Chairman of its Supervisory Board, Hans-Jürgen Schinzler, will retire from office on age grounds, as of the 31st of December 2012. “He will be succeeded as Chairman by Bernd...
Munich Re in Performance Guarantee Deal with China’s Yingli Green Energy
Dec 12 2012 // Munich Re said it is “reinsuring performance guarantees that Chinese photovoltaic manufacturer Yingli Green Energy gives to its customers for multi-crystalline modules. The insurance solution covers the long-term...
Munich Re First to Offer Offshore Wind Energy Serial Loss Coverage
Dec 4 2012 // Munich Re announced that it has “become the first insurance group to offer serial loss cover for offshore wind energy units. Corresponding cover for a North Sea wind farm has been signed by Marcus A. Wassenberg,...
Best Affirms Munich Re and Subs ‘A+’ Ratings; Outlook Stable
Dec 3 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company and its subsidiaries. Best also affirmed all...
Munich Re Study Focuses on Rising ‘Cyber Crime’
Nov 29 2012 // “Cyber attacks are a reality and companies need to prepare themselves,” warns Munich Re in a recently released study – “Cost of Cyber Crime” – conducted by the Ponemon Institute....
Munich Re Raises 2012 Profit Forecast on Stronger 9-Month Results
Nov 7 2012 // Munich Re said it expects a higher consolidated result for 2012 than previously envisaged. Following a profit of €2.7 billion [$3.47 billion] for the first nine months of 2012 (same period last year: €80 million...
