Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Business Moves
Apr 20 2009 // Progressive Progressive said it will begin offering motorcycle and RV insurance in Massachusetts. The Mayfield Village, Ohio-based insurer said it will offer the coverage through its Web site as well as through independent...
Business Moves
Apr 20 2009 // Munich Re German reinsurer Munich Re has successfully concluded the acquisition of specialty insurer HSB Group from American International Group for $739 million. The deal was originally announced last December. The...
Ratings: HSB, Tall Pines, North Sea, MEMIC Indemnity, American Physicians, West Bend
Apr 14 2009 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” of The Hartford Steam...
Ratings Roundup: Aspen Specialty, HSB Group
Apr 2 2009 // A.M. Best Co. has removed from under review with developing implications and upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to...
Ratings Recap: Munich Re, Partner Re, IPC Re [S&P, Best], Vienna, Emirates
Mar 5 2009 // Standard & Poor’s Ratings Services has said that its “ratings and outlook on Germany-based global reinsurer Munich Reinsurance Co. (AA-/Stable/–) and core related entities (collectively Munich Re)...
Munich Re Drops 2010 EPS Goal on Uncertain Markets
Mar 3 2009 // Munich Re has dropped its medium-term earnings per share goal and declined to give a profit forecast for 2009 amid financial market turmoil. “For 2009 and 2010… the investment result will be well below the...
Reinsurers Seem Ready to Flex Muscles, Raise Prices by Double-Digits
Feb 22 2009 // Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible. Reinsurance companies such as global leader Munich Re have been...
Reinsurers Seem Ready to Flex Muscles, Raise Prices by Double-Digits
Feb 17 2009 // Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible. Reinsurance companies such as global leader Munich Re have been...
Ratings Recap: Fuji Fire, Munich Re (Mauritius), Ballantyne Re
Feb 13 2009 // A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of The Fuji Fire...
Ratings Roundup: Syndicate 0780, Munich Re Italy, NIPPONKOA, Exchange, Aerial Re, Colonial, Bay Haven
Jan 20 2009 // Standard & Poor’s Ratings Services has revised its outlook on the Lloyd’s Syndicate Assessment (LSA) on Advent Underwriting – Syndicate 0780 to stable from positive. S&P also affirmed the...
Munich Re Webinar Provides Insights on Nat Cats, Industry Strength
Jan 16 2009 // Munich Re’s Webinar on Thursday – 2008 Natural Catastrophes – presented a detailed analysis of the increasing number of weather related events that concern both primary carriers and reinsurers. It also...
Business Moves
Jan 11 2009 // CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp. principal subsidiary Branch Banking and Trust Co., plans to acquire TAPCO Underwriters Inc. The...
Business Moves
Jan 11 2009 // The following mergers are in addition to those reported for the 2008 calendar year in Insurance Journal’s year-end issue, Dec. 22, 2008. CRC Insurance, TAPCO Underwriters CRC Insurance Services Inc., the wholesale...
Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re
Dec 31 2008 // Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number...
Munich Re 2008 Catastrophe Report Cites Role of Climate Change
Dec 30 2008 // Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes...
Best Sees No Rating Change for Munich Re from HSB Acquisition
Dec 29 2008 // A.M. Best Co. has commented that the financial strength rating (FSR) and issuer credit ratings (ICR) of Munich Reinsurance Company and its subsidiaries are unchanged following its agreement to acquire specialty insurer HSB...
Ratings Recap: Aspen, Munich Re (Malta), Qatar, Nissan, CMI, Takaful, Int’l.
Dec 23 2008 // A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited...
Munich Re, Risk Management Solutions Extend Research Agreement
Dec 17 2008 // Risk Management Solutions announced from its London office that Munich Re is extending its “state-of-the-art” risk research and quantification capabilities through a cooperation agreement with RMS....
Munich Re Chairman Sees Improving Results in 2009
Dec 1 2008 // In an interview with Reuters, Munich Re’s Chairman, Nikolaus von Bomhard, expressed his hopes that fatter premiums would make 2009 more of a “normal” year after Munich Re’s likely failure to meet...
Munich Re Sees Reinsurance Opportunities from Financial Crisis
Nov 25 2008 // A bulletin on Munich Re’s web site (www.munichre.com) opens as follows: “The financial crisis has sent stock markets plunging around the world and resulted in growing levels of risk aversion. Stringent risk...
