Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
People Moves: Childs to Retire as Chair of Hiscox; Optio Taps Munich Re’s Kennett as UK Head of Political Risk & Terrorism; Conduit Re Names BMS Re’s Binetti to Lead Casualty
Mar 8 2023 // This edition of International People Moves details appointments at Hiscox, Optio Group and Conduit Re. A summary of these new hires follows here. Childs to Retire as Chair of Hiscox Board Hiscox Ltd., the international...
Hurricanes and Floods Bring $120B in 2022 Insurance Losses: Munich Re
Jan 10 2023 // Hurricane Ian in the United States and floods and Australia helped to make 2022 one of the costliest years on record for natural disasters, Munich Re said on Tuesday, warning that climate change was making storms more...
Munich Re to Launch Specialty Insurance Division
Dec 16 2022 // Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance businesses from the group that are currently part of the reinsurance segment. The...
Kuczinski to Retire as CEO of Munich Re US P&C Companies
Dec 15 2022 // Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding Inc., effective Dec. 31, 2022, with an agreed change...
Munich Re Estimates $1.6 Billion Hit From Hurricane Ian Could Affect 2022 Targets
Oct 21 2022 // Munich Re said it will probably take a hit of about 1.6 billion euros ($1.6 billion) after hurricane Ian led to massive damages in Florida, and warned reaching its full-year profit goal has become “significantly more...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members
Oct 20 2022 // The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee of the group’s Board of Management with effect from Jan. 1, 2023. He will succeed Dr. Torsten...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments
Oct 7 2022 // Munich Re, the world’s largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German reinsurer said on its...
Munich Re Keeps No. 1 Spot in Ranking of 50 Global Reinsurers, With Swiss Re at No. 2
Aug 17 2022 // Munich Re for the second-straight year holds the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2021, followed once again by Swiss Re. The two global reinsurers together account for...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio
Aug 9 2022 // Munich Re’s profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for financial markets. The Munich-based company wrote down the value of its holdings by...
Global Natural Disasters Cost Insurers $34 Billion in H1 2022: Munich Re
Jul 28 2022 // Global natural disasters during the first half of 2022 cost insurers about US$34 billion, which covered a little more than half of the overall $65 billion in losses from floods, earthquakes, and storms during the first six...
HSB (UK and Ireland) Creates Commercial Division to Streamline Service
Jul 25 2022 // HSB (UK and Ireland) announced the formation of a new Commercial Division, creating closer alignment between its business development, underwriting and claims teams. The division, headed by Terry Dyson, who has been...
People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia
Jul 1 2022 // This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business Solutions Verisk, the global...
Munich Re Issues Green Bond in U.S. Market — a First for European Insurer
Jun 6 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has sucessfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By issuing...
Munich Re Issues Green Bond in U.S. Market, in a First for a European Insurer
May 24 2022 // Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated bond in a private placement to qualified institutional buyers in the U.S. market. By...
Markets/Coverages: Hub Targets Nonprofits; Ryan Tackles Auto Excess With Axsal; Trisura and HSB Back At-Bay Cyber
May 20 2022 // Hub Launches Nonprofit Specialty Practice Insurance broker Hub International, with decades of experience in the sector, has launched a nonprofit specialty practice to serve the risk management, insurance and human capital...
Munich Re Launches Validation Service for Artificial Intelligence Systems
May 18 2022 // Munich Re is aiming to enhance acceptance of artificial intelligence (AI) with its new CertAI validation service, which provides objective validation that AI systems are trustworthy. Companies from a variety of industries...
Markets/Coverages: Marsh Renewable Energy; Main Street Farm; Munich Re Surety; Skyward Crane & Rigging; Draftrs Professional Liability
May 12 2022 // Marsh Launches Renewable Energy Facility Insurance broker Marsh announced the launch of a renewable energy facility that provides streamlined, dedicated insurance capacity for mid-scale solar and battery energy storage...
Howden, Munich Re and Skyline Develop Parametric Cover for Jamaica Farmers
May 2 2022 // Howden, the London-based insurance broker, has worked with Munich Re and Skyline Partners to develop a product that protects the Jamaican Co-operative Credit Union League (JCCUL) against non-repayment of micro-loans from...
Hong Kong-Based Digital Assets’ Insurer Weighs SPAC, Partners With Munich Re
Apr 12 2022 // OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said. The firm, one of four with a so-called virtual insurer...
Munich Re Exits From Russian, Belarusian Business
Mar 16 2022 // Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia. Condemning Russia’s attack on Ukraine and supporting the sanctions, Munich Re said it will not renew existing...
