Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Best Affirms Munich Re, American Re FSR; Removes from Review; Assigns Negative Outlook
Nov 4 2005 // A.M. Best Co. announced rating actions on Germany’s Muenchener Rueckversicherungs (Munich Re) and its U.S. subsidiary American Re Corporation Group. Best affirmed its financial strength ratings on the companies,...
Best Sees No Change in Munich Re Ratings from Karlsruher Sale
Oct 11 2005 // A.M. Best Co. has issued a comment indicating that the ratings of Germany’s Muenchener Rueckversicherungs-Gesellschaft (Munich Re) remain unchanged following the announcement that it intends to sell its 90.1 percent...
Munich Re Analyzes Katrina/Rita Impact; Insured Loss Around $40 Billion
Sep 28 2005 // Munich Re has issued a report on the impact of Hurricanes Katrina and Rita on the insurance industry. The world’s largest reinsurer said it “estimates total insured market losses at up to US$ 40 billion,”...
Argonaut Group’s Trident Insurance Expands Identity Recovery Coverage to College and University Customers
Sep 26 2005 // San Antonio – Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group, Inc. (NASDAQ: AGII) announced at the annual National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO)...
Liberty Mutual Affirmed
Aug 22 2005 // Fitch Ratings affirmed the “A-” insurer financial strength ratings on the members of the Liberty Mutual inter-company pool and revised the rating outlook on pool members to stable from negative. Additionally,...
Fitch Assigns ‘AA-‘ FSR for American Re
Jul 20 2005 // Fitch Ratings has assigned an ‘AA-‘ insurer financial strength rating to American Reinsurance Company (AmRe). The Rating Outlook is Stable. Fitch’s rating on AmRe reflects its view that the company is a...
A.M. Best Places Ratings for American Re Under Review; Negative Implications
Jul 13 2005 // A.M. Best Co. has placed the financial strength ratings of A (Excellent) under review with negative implications for American Re Corporation Group’s (American Re) member companies, which include American Re-Insurance...
Best Places Munich Re’s FSR Under Review; Negative Implications
Jul 12 2005 // A.M. Best Co. has placed the ratings of Muenchener Rueckversicherungs-Gesellschaft (Munich Re) (Germany) and its rated subsidiaries under review with negative implications. These rating actions follow Munich Re’s...
Munich Re’s Review of American Re Claims-No Rating Effect Says S&P
Jul 5 2005 // Standard & Poor’s Ratings Services has indicated that the recent announcement by Germany’s Munich Reinsurance Co. (rated “A+”/Stable) that it is currently undergoing an in-depth reserve review...
Munich Re Discusses Risk Model at London Investors’ Day Conference
Jun 28 2005 // Munich Re held an investors’ day conference in London yesterday, June 27. In conjunction with the event it published detailed information on its internal risk model, which shows that “the Group’s...
Munich Re ‘Welcomes’ Italy’s Unicredit Offer for HVB
Jun 13 2005 // Europe’s biggest ever cross-border banking merger moved a step closer over the weekend, as Munich Re announced that it seemed set to approve the offer from UniCredit, Italy’s largest bank, to acquire...
S&P Reports Munich Re’s ‘A+’ Ratings, Outlook ‘Unaffected’ by Q1 Results
May 12 2005 // Standard & Poor’s Ratings Services announced that its ratings and outlook on Germany’s Munich Reinsurance, (currently “A+”/Stable) and its related entities–collectively known as the...
Munich Re Q1 Profits Boosted by Investment Gains
May 10 2005 // Munich Re posted a 26.7 percent increase in its consolidated results for the first quarter of 2001, earning a net profit of 688 million euros ($882.7 million), compared to 543 million euros ($696.7 million) in the same...
Munich Re, Converium Receive U.S. Subpoenas
May 2 2005 // Munich Re, the world’s largest reinsurer, and Swiss reinsurer Converium have received subpoenas from the Securities Exchange Commission and New York State Attorney General Eliot Spitzer as part of the ongoing...
Munich Re “On Track” for 2005; Ups Dividend 60%
Apr 29 2005 // Nikolaus von Bomhard, chairman of Munich Re’s Board of Management, presided over an upbeat annual general meeting yesterday at the world’s largest reinsurer’s corporate headquarters in...
Munich Re Sets Up $65 Million Risk Foundation
Apr 13 2005 // Under the motto “From Knowledge to Action,” Munich Re announced that it has established the Munich Re Foundation with an initial capital of 50 million euros ($64.71 million). The announcment said the foundation...
Insurance Accounting Probe Spreads; Munich Re Questioned; Bermuda Opens Investigation
Apr 7 2005 // The accounting investigation swirling around AIG has now spread out across the ocean to reach Bermuda and Germany, as authorities questioned Munich Re about its relations ships with AIG and Island regulatorsd launched...
S&P Comments on Munich Re 2004 Results
Mar 18 2005 // Standard & Poor’s Ratings Services has said that the 2004 results announced by Germany’s international reinsurer Munich Reinsurance Co. (A+/Stable/–) and its related entities–collectively...
Munich Re Posts $2.44 Billion 2004 Group Net Profit
Mar 16 2005 // Germany’s Munich Re Group celebrated its 125th anniversary year in style, recovering from a 434 million euro ($578 million) loss in 2003 to post 2004 net profits of 1.833 billion euros ($2.44 billion) despite a...
Best Comments on Munich Re 2004 Results
Mar 16 2005 // Following the publication of Munich Re’s 2004 results (see previous article), A.M. Best Co. issued a comment that its ratings on the group are unaffected following the announcement. Best noted that they were...
