Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re Creates a Stir With Reserves Announcement
Jul 22 2002 // Munich Re, the world’s largest reinsurer, announced several measures to strengthen its reserves in order to anticipate possible additional claims related to the WTC attacks, and to bolster the capitalization of its...
Munich Re Strengthens Reserves, Confirms Positive Outlook
Jul 12 2002 // Munich Re, the world’s largest reinsurer, announced several measures to strengthen its reserves in order to anticipate possible additional claims related to the WTC attacks, and to bolster the capitalization of its...
S&P, A.M. Best, Stock Markets React to Munich Re Announcement
Jul 12 2002 // The reaction to Munich Re’s announcement that it would strengthen reserves at American Re and for the WTC attacks by a total of $2.5 billion (See IJ Website July 11) had a decidedly unsettling effect. Standard &...
Deutsche Bank Sells Remaining Stake in Munich Re
Jun 19 2002 // Germany’s Deutsche Bank (DB) placed its remaining 7.6 million shares in Munich Re for sale on the Frankfurt Stock Exchange Tuesday at € 213-215 ($201 -$203) slightly higher than anticipated. The sale is expected...
Munich Re Forms MACM in Restructuring of ART Units
May 29 2002 // Munich Re Forms MACM in Restructuring of ART Units
Munich Re Reports Strong Q1 Gains
May 28 2002 // In a statement released Monday, Munich Re, the world’s largest reinsurer, reported across the board gains for the first quarter with operating profits reaching £700 million ($645.5 million). The giant insurer...
Munich Re May Enter Fondiaria Fray
Apr 17 2002 // Munich Re has held discussions with Italian insurer SAI, which has been trying to engineer a merger with La Fondiaria Assuicurazioni that would create Italy’s second largest p/c company. Problems have arisen,...
Munich Re Announces Provisional 2001 Results, Profits Fall by $1.33 Billion
Mar 25 2002 // Munich Re announced provisional results for the year 2001, which confirmed that even the world’s largest reinsurer wasn’t immune to the huge losses caused by Sept. 11. Munich’s net profit is expected to...
Munich Re Reviews 2001, Warns on Meteorites, Climate Change
Mar 15 2002 // Munich Re, the world’s largest reinsurer, has just published an analysis of last year’s loss events, which includes a discussion of “underestimated loss potentials,” notably risks from a sudden...
Munich Re, Allianz Complete Share Sales
Jan 21 2002 // Munich Re and Allianz AG have completed the sales of their respective investments in several subsidiary insurance and financial groups first announced last April. Munich Re stated that, “it now holds 25.7% of the...
Munich Re Selects John P. Phelan To Replace Ed Noonan as American Re CEO
Jan 11 2002 // American Re Corp., the U.S. subsidiary of Munich Re, the world’s largest reinsurer, has accepted the resignation of CEO Edward J. Noonan, and has named John P. Phelan, currently President of Munich Reinsurance...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
A Teutonic Call For ‘Unconditional Rethinking’ on Political Risk
Dec 10 2001 // The ramifications of the Sept. 11 terrorist attacks on the insurance industry are becoming more and more apparent. While the attacks are portrayed as the worst ever on U.S. soil, the repercussions continue to affect...
A Teutonic Call For ‘Unconditional Rethinking’ onPolitical Risk
Dec 3 2001 // The ramifications of the Sept.11 terrorist attacks on the insurance industry are becoming more and more apparent. While the attacks are portrayed as the worst ever on U.S.soil, the repercussions continue to affect numerous...
Munich Re Posts $1 Billion 3Q Loss, Comments on Terrorism Coverage
Nov 30 2001 // Munich Re, the world’s largest reinsurer, suffered a commensurately large loss in the 3rd quarter of €1.2 billion ($1.05 billion) after tax. In addition to the estimated €2.1 billion ($1.85 billion) losses...
Munich Re Repeats Call for Risk Reassessment; Will Strengthen U.S Subsidiaries
Nov 15 2001 // Dr. Hans-Jürgen Schinzler, Chairman of Munich Re’s Board of Management, repeated his concerns about the industry and the affects of another aviation tragedy in New York so soon after September 11. “The...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 29 2001 // If the nautical term best applied to the reinsurance industry last year this time would have been “Steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve qui...
Munich Re Calls for Fundamental Reorientation on Terrorist Risks
Oct 19 2001 // Munich Re has just released a preliminary study of the attack on the World Trade Center which contains not only a detailed analysis of what led to the collapse of the twin towers, but also states that “the private...
Best Affirms Ratings for Munich Re, Royal and Sun
Oct 8 2001 // A.M. Best Co. has affirmed the A++ ( Superior) and the A+ (Superior) financial strength ratings for Munich Re and Royal & Sun Alliance Group following its review in the aftermath of the terrorist attacks on the...
Will Reinsurance Rebound from Terrorist Strikes in the U.S.’
Oct 8 2001 // If the nautical term best applied to the reinsurance industry last year at this time would have been “steady as she goes,” after the catastrophe that struck the U.S. on Sept. 11, the French term “sauve...
