Latest Munich Re Headlines

Munich Re Changes Model in Push for More U.S. P/C Business

Oct 10 2007 // Munich Re announced a new long-term “profitable growth strategy” aimed at increasing its share of both direct and broker reinsurance, as well as primary insurance, in the U.S. P/C market. The Group writes more...

Oct 8 2007 // People The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins...

Munich Re Centralizes London Units

Sep 21 2007 // The Munich Re Group has moved three of its London market P/C core business units to one location at Plantation Place in Fenchurch Street. The goal is to “to maximize broker and client access to its insurance and...

Best Affirms Munich Re ‘A+’ Ratings; Outlook Raised to Stable

Sep 10 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Germany’s Munich Reinsurance Company and its rated...

People and Places

Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins on Sept....

Aug 6 2007 // People The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins...

People

Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins on Sept....

People

Aug 6 2007 // The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins of PCI...

Phelan to Retire; Kuczinski to Suceed as Munich Re America Chief

Jul 18 2007 // Munich Reinsurance America Inc. announced that John P. Phelan will retire as planned on Dec. 31, 2007, after serving nearly six years as its chairman and CEO. Anthony J. Kuczinski, who is currently president of Munich Re...

Munich Re Selects GoldSim Simulation Software for Analysis of Reinsurance Solutions

Jul 2 2007 // July 2nd 2007 – Seattle. The GoldSim Technology Group, a leading provider of advanced probabilistic simulation software, today announced that Munich Re, one of the world’s leading reinsurance companies, has...

Ratings Roundup: Munich Re (Bonds)-QBERIO-QBEMEX-Scandinavia-Hiscox

Jun 15 2007 // Standard & Poor’s Ratings Services has affirmed its “A” junior subordinated long-term debt rating on the €1.5 billion ($2 billion) undated, subordinated, fixed-to-floating rate bonds issued by...

Ratings Recap: HSB Engineering; Everest Re

Jun 14 2007 // A.M. Best Co. has affirmed the financial strength rating of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” of the UK-based HSB Engineering Insurance Limited (HSBEIL) with a stable...

Munich Re Leads Caribbean Nat Cat Risk Syndicate

Jun 1 2007 // Munich Re will lead a syndicate – the “Caribbean Catastrophe Risk Insurance Facility” (CCRIF), set up to offer 16 countries in the Caribbean insurance cover against hurricanes and earthquakes. The...

Munich Re to Issue €1 Billion in Bonds; Best, S&P Comment

May 29 2007 // Munich Re announced that it is preparing to issue a subordinated bond for approximately €1 billion ($1.3456 billion). The reinsurer described the debt issue as “a perpetual bond and callable by Munich Re from ten...

Munich Re Buys Bell & Clements

May 9 2007 // Munich Re has acquired the Bell & Clements Group, an insurance and reinsurance broker, which operates in the UK from its London offices and in the U.S. from its headquarters in Reston, VA. The press announcement said:...

Munich Re Q1 Net Stable; Announces Future Plans

May 4 2007 // Germany’s Munich Re Group reported that first quarter consolidated results rose slightly to €982 million ($1.33 billion) compared to €978 billion ($1.326 billion in the same period of 2006. Operating results,...

Munich Re AGM Highlights Improved Results, Future Plans

Apr 27 2007 // Munich Re’s annual general meeting yesterday, April 26, highlighted the reinsurer’s strengthened economic position, strong 2006 and first quarter results and improving prospects for the future. Shareholders got...

Oechslin to Replace Shamieh as Munich Re Deputy CRO

Apr 19 2007 // Munich Re announced that Charlie Shamieh, the reinsurer’s Chief Risk Officer (CRO), will shortly be relinquishing his position for family reasons and will leave the Company “by amicable agreement in order to...

Munich Re Releases 2006 Nat Cat Report; Focus on Climate Change

Mar 8 2007 // In a just released report – “Topics Geo — Natural catastrophes 2006” – Munich Re maintains that “continuing unfavorable natural climate cycle and additional effects of global warming will...

Allianz, Munich Re Endorse Global Roundtable Climate Change Accords

Feb 21 2007 // Two of the world’s largest insurers – Allianz AG and Munich Re – announced that they have signed on to the joint declaration issued by the Global Roundtable on Climate Change (GRoCC) in New York City on...