Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re Posts Q1 2015 $896 Million Profit; Lower Operating Results
May 7 2015 // Munich Re announced that it realized a profit of €790 million [$896 million] for the first quarter of 2015, compared to €941 million [$1.067 billion] in Q1 2014. Despite the lower figure, Munich Re said it is...
Ruoff Appointed Chief Executive Officer of Tokio Millennium Re
Apr 2 2015 // Stephan Ruoff has been appointed chief executive officer of Tokio Millennium Re AG (TMR), a Zurich-based subsidiary of Tokio Marine & Nichido Fire Insurance Co. Ltd. Ruoff has worked with TMR, a global multi-line...
Nat Cat Risks Aggravated by Persistent Extreme Weather Conditions: Munich Re
Mar 13 2015 // Munich Re has published a report, which notes that “over the past years, persistent extreme weather conditions have triggered severe natural catastrophes and caused losses in the billion range.” In addition the...
Munich Re Continues Buying Back Shares Amid Falling Profit
Mar 11 2015 // Munich Re, the world’s biggest reinsurer, will continue buying back shares as declining prices and lower investment income undermine earnings. Munich Re plans to repurchase an additional €1 billion ($1.056 billion)...
Munich Re Raises Dividend Even After 4th Quarter Profit Declines 42%
Feb 5 2015 // Munich Re, the world’s biggest reinsurer, plans to raise its dividend even after fourth-quarter profit declined 42 percent on investments and goodwill impairments. Net income fell to about 700 million euros ($794...
HSB Introduces Technology Equipment Breakdown Coverage
Jan 22 2015 // The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has launched HSB TechAdvantage, an equipment breakdown and technology insurance that covers losses resulting from microelectronic...
Munich Re’s 2014 Nat Cat Review Highlights Low Loss Levels
Jan 7 2015 // Munich Re’s review of losses caused by natural catastrophes in 2014 confirms that it was indeed another benign year for the re/insurance industry. “The absence of very severe catastrophes and a quiet hurricane...
A.M. Best Affirms Ratings of Munich Re and Subsidiaries
Nov 14 2014 // A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Munich Reinsurance Company (Munich Re) (Germany) and its subsidiaries. Concurrently,...
Munich Re Profit Misses Estimates as Investment Income Falls
Nov 6 2014 // Munich Re, the world’s biggest reinsurer, posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed- income investments. Net income rose 16 percent from the...
Swiss Re, Munich Re Wade Into Dutch Flood Insurance
Sep 16 2014 // The world’s biggest reinsurers, pushed by rising competition in existing markets, are preparing to insure against Dutch floods, a peril that centuries of experience have warned most in the Netherlands against. Swiss...
How Cybercriminals Attack Small Businesses – and 10 Ways to Stop Them
Sep 15 2014 // At a recent “Hacker Lab” event, “white hat” hackers revealed how cybercriminals work — and what businesses can do to protect themselves. The multimedia presentation used a simulated small business...
XL Group, Munich Re, New Energy Risk Provide Insurance for Fuel Cell Project
Sep 12 2014 // XL Group’s Complex Accounts unit, Munich Re’s Green Tech Solutions team, and consultants New Energy Risk (NER), have teamed up to deliver a performance insurance policy for a portfolio of fuel cell servers...
‘Worst Market in Memory’ to Keep Pressure on Reinsurance Rates
Sep 3 2014 // The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may...
Munich Re Joins Broker Steadfast to Acquire Australia’s Calliden Insurance Operations
Aug 28 2014 // Munich Re’s primary insurance subsidiary Great Lakes Australia (GLA) has reached an agreement to support Australia’s largest broker network, Steadfast Group in their proposed acquisition of Calliden Group...
Munich Re Second-Quarter Profit Rises 45% on Investment Gains
Aug 7 2014 // Munich Re, the world’s biggest reinsurer, said second-quarter profit rose 45 percent helped by higher investment income. Net income advanced to €765 million ($1.02 billion) from €528 million [$706 million] a year...
Allianz, Munich Re’s Ergo Said to be in Talks to Buy Greek Insurer Agrotiki
Jun 18 2014 // Allianz SE, Europe’s largest insurer, and Munich Re’s primary insurance unit, Ergo Versicherungsgruppe AG, are in talks to buy Agrotiki Insurance from Greece’s Piraeus Bank SA, said three people familiar...
World Cup Insurer Munich Re Gives Brazil Vote of Confidence
Jun 13 2014 // Munich Re has up to $400 million on the line insuring against delays or cancellations of World Cup matches. The world’s largest reinsurer is counting on Brazilian President Dilma Rousseff to do whatever it takes to...
Best Revises Insurance Holding Company and Debt Ratings: Companies Affected
May 12 2014 // A.M. Best announced that it has made some revisions to the criteria it uses in constructing its ratings reports, which will “provide clarification on several issues related to the rating of an insurance...
Strong Euro Decreases Munich Re’s Q1 Net Profit, Premium Income
May 8 2014 // The world’s largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income. “Despite negative currency effects, we almost...
Munich Re’s First Quarter Net Profit Drops by 7%
May 1 2014 // Munich Re’s net profit fell in the first quarter, said its chief executive on Wednesday, hit by low capital market interest rates that continue to weigh on investment income at the world’s largest...
