Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re U.S. Names Hochburger, Ludwig to Reinsurance Posts
Jun 23 2016 // Munich Re U.S. has appointed Stephan Hochburger and Paul Ludwig as senior vice presidents and client executives for the Reinsurance Division. They will report to Steven Levy, president of the Reinsurance Division (RD), and...
HSB Introduces Personal Lines Cyber Insurance Program
Jun 14 2016 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Home Cyber Protection, a personal lines cyber insurance program for consumers. HSB Home Cyber Protection offers a...
Munich Re America Taps Stuhl for Broker Relations Senior VP Post
Jun 1 2016 // Joe Stuhl has been named senior vice president and broker executive for Munich Reinsurance America’s (US) reinsurance division. Previously Stuhl was a client manager in the reinsurance division and oversaw some of...
Munich Re to Spend $1.1B by 2020 to Restructure Primary Insurance Unit
Jun 1 2016 // Munich Re, the world’s second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its loss-making primary insurance unit in Germany. The plan for ERGO’s German...
Rio Olympics Will Proceed – Despite Zika Epidemic: Munich Re Underwriter
May 23 2016 // Should the Olympics proceed in Rio de Janeiro in August as planned? With the lighting of the torch set to take place in less than three months, a handful of medical experts are calling for the games to be postponed or...
50% of Risk Managers Bought or Increased Cyber Insurance in Last Year: HSB
May 18 2016 // Fifty percent of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam Boiler...
Munich Re’s Q1 Net Income Drops to $489.9M; Annual Profit Target Revised
May 10 2016 // Munich Re, the world’s second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit first-quarter earnings....
HSB Extends Identity Theft Insurance to Small Business Owners for Employees
May 6 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is extending the availability of its identity theft insurance and services to the employees of small to mid-sized businesses as a standalone policy for...
HSB BI&I of Canada Offers Equipment Breakdown Cover for Microelectronics
Apr 29 2016 // The Boiler Inspection and Insurance Company of Canada (HSB BI&I), part of Munich Re, announced the introduction of TechAdvantage™, its new standard equipment breakdown policy. The company said it is the first...
Munich Re Issues First Quarter Profit Warning on Lower Equity Investments
Apr 27 2016 // Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be lower than a year...
Beazley & Munich Re to Offer Broad Cyber Cover for Large Global Companies
Apr 11 2016 // Beazley, a pioneer in data breach response insurance and the largest insurer of cyber liability risks in the Lloyd’s market, has partnered with the Corporate Insurance Partner unit of Munich Re to offer broad...
People – Midwest
Mar 21 2016 // Andreas Kleiner has been named president and chief executive officer of American Modern Insurance Group, a subsidiary of Munich Re, effective May 1. Kleiner has served as a member of the board of management for ERGO...
Update: Munich Re Counters Negative Interest Rates by Boosting Cash Reserves
Mar 17 2016 // German reinsurer Munich Re is boosting its cash reserves in the face of the punishing negative interest rates from the European Central Bank, it said on Wednesday. The world’s largest reinsurer is far from alone in...
Munich Re Expects Profit Drop in 2016 on Soft Market, Low Interest Rates
Mar 16 2016 // Munich Re, the world’s second-biggest reinsurer, expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings. The company plans to repurchase 1 billion...
Munich Re Names Wenning as CEO to Succeed von Bomhard in April 2017
Mar 15 2016 // Munich Re, the world’s second-biggest reinsurer, named Joachim Wenning to succeed Chief Executive Officer Nikolaus von Bomhard as the industry struggles to maintain earnings amid low interest rates and falling...
Clermont Specialty Managers to Offer Cyber Coverage Through HSB
Mar 14 2016 // Clermont Specialty Managers, a W.R. Berkley company, is now offering data compromise and Cyber One coverages for their customers through Hartford Steam Boiler, a Munich RE company. The program provides protection for data...
Munich Re’s Vasturia to Serve as IICF Chairman
Mar 4 2016 // The Insurance Industry Charitable Foundation (IICF) has named John Vasturia, president of Specialty Markets for Munich Reinsurance America Inc., as chairman for IICF’s board of governors. Vasturia has been a member...
Ohio-Based American Modern Insurance Taps Kleiner for CEO
Mar 1 2016 // Andreas Kleiner has been named president and chief executive officer of American Modern Insurance Group, a subsidiary of Munich Re, effective May 1. He succeeds Manny Rios, who left the position in August. Kleiner has...
Hartford Steam Boiler Launches Cyber Product for Mid-Size Companies
Feb 5 2016 // The Hartford Steam Boiler Inspection and Insurance Co. (HSB), part of Munich Re, has introduced HSB Total Cyber, a stand-alone insurance product that offers mid-size companies direct coverage for multiple types of data and...
Munich Re Reports Q4 Profit Remains Level at 700M Euros; Dividend Hike Ahead
Feb 4 2016 // Munich Re, the world’s second-biggest reinsurer, plans to increase its dividend more than expected after fourth-quarter profit remained unchanged from a year earlier. The company plans to raise the dividend to 8.25...
