Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re Releases 2003 Catastrophe Study
Feb 26 2004 // Munich Re has released its 2003 study of natural catastrophes, which concludes that “after three years of relative calm, no fewer than five great natural catastrophes(based on U.N. criteria) occurred in...
Natural Disasters More Severe and More Costly
Feb 23 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Natural Disasters More Severe and More Costly
Jan 26 2004 // According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion...
Munich Re 2003 Catastrophe Study – Fatalities up 450 Percent; $15 Billion Insured Losses
Dec 30 2003 // Munich Re has released its analysis of natural catastrophes in 2003 and concluded that economic and insured losses continue to increase at a high level. Preliminary portions of the study had been presented at the recent...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
Munich Re Reports $180 million Q3 Net Profit; Expects Full-year Loss
Nov 26 2003 // Munich Re reported 152 million euros ($180 million) net income for the third quarter, compared to a loss of 859 million euros ($1.02 billion) in the same period of 2002, but the world’s biggest reinsurer also...
Best Affirms HSB Engineering Insurance ‘A+’ Rating
Nov 25 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘A+’ (Superior) of the U.K.-based HSB Engineering Insurance Company Limited (HSBEIL) with a “stable” outlook. “The...
Munich Re Downgraded
Sep 22 2003 // A.M. Best Co. has downgraded the financial strength ratings to “A+” (superior) from “A++” (superior) of Muenchener Rueckversicherungs (Munich Re), and its core subsidiaries. This rating action...
Munich Re Posts Fifth Consecutive Quarterly Loss, as Taxes Hit Profits
Sep 8 2003 // Germany’s Munich Re can’t seem to buy a break. Despite good gains in operating profit, 777 million euros ($845 million) in the first six months of 2003, the world’s biggest reinsurer posted its fifth...
Munich Re Posts Fifth Consecutive Quarterly Loss, as Taxes Hit Profits
Aug 29 2003 // In contrast to its Swiss rival (see previous article) Germany’s Munich Re can’t seem to buy a break. Despite good gains in operating profit, 777 million euros ($845 million) in the first six months of 2003, the...
A.M. Best Lowers Munich Re Ratings to ‘A+ (Superior)
Aug 29 2003 // Two days after Standard & Poor’s lowered its ratings on Munich Re (See IJ Website August 28), and previous article), A.M. Best Co. announced that it has downgraded the group’s financial strength ratings to...
Best Warns that Munich Re Ratings Downgrade Could Affect American Re
Aug 29 2003 // A.M. Best Co. issued a bulletin stating that “the financial strength ratings of A+ (Superior) of American Re-Insurance Company (American Re) (Princeton, NJ) and its direct insurance subsidiaries could potentially be...
S&P Lowers Munich Re Ratings to ‘A+’
Aug 28 2003 // Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and insurer financial strength ratings on Munich Reinsurance Co. and related core subsidiaries of the Munich Re...
Munich Re Awarded First Nationwide License in China
Jul 10 2003 // Munich Re has become the first international reinsurer to receive a country-wide composite reinsurance operating license in the People’s Republic of China from the Chinese Insurance Regulatory Committee (CIRC). The...
S&P Comments on Munich Re Group’s Q1 2003 Results
Jun 19 2003 // Standard & Poor’s Ratings Services issued an announcement indicating that Munich Re’s first quarter results and those of its subsidiary companies are “broadly in line” with its...
Best Comments on Munich Re’s Financial Strength Rating
Jun 4 2003 // A.M. Best Co. issued an announcement commenting on Munich Re’s first quarter earnings report, which recorded a $280 million net loss (See IJ Website June 2), indicating that the company’s ‘A++’...
Munich Re CEO to Step Down at Year End
Apr 29 2003 // Munich Re announced that CEO Dr. Hans-Jürgen Schinzler, 62, who’s headed the world’s largest reinsurer’s Board of Management for almost 11 years, will resign his position, effective December...
Best Assigns Indicative “aa” Rating to Munich Re’s Subordinated Debt Issue
Apr 10 2003 // A.M. Best Co. announced that it has assigned an indicative “aa” rating to the forthcoming subordinated bonds to be issued by Munich Re Finance B.V., based in the Netherlands, and guaranteed by Munich...
