Latest Munich Re Headlines
All the headlines from our Munich Re Topic Page, ordered by recency.
Munich Re Leads $16.5M Financing for AI, IoT Startup Mnubo
Jan 31 2018 // Munich Re’s HSB Ventures led a $16.5 million venture financing for Mnubo, an Internet of Things (IoT), data analytics and artificial intelligence (AI) startup, which is seeking to expand internationally. Founded in...
Hartford Steam Boiler Launches HSB Cyber Suite for Mid-Sized Businesses
Jan 26 2018 // Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Cyber Suite, a comprehensive cyber insurance coverage designed for small to mid-sized businesses and other...
Allianz Suisse to Buy DAS Switzerland from Munich Re’s ERGO
Jan 10 2018 // Allianz Group has agreed to acquire the legal protection insurer DAS Switzerland and the assets of DAS Luxembourg and Slovakia from German insurance group ERGO Group AG, the Munich Re subsidiary. The acquisition will...
Natural Catastrophe Claims in 2017 Reached a Record $135B: Munich Re
Jan 4 2018 // The insurance industry will pay record claims of US$135 billion from last year’s spate of natural catastrophes, according to a report published by Munich Re. Further, Hurricanes Harvey, Irma and Maria (HIM), the...
Startup Trov, Munich Re to Insure Riders of Waymo’s Self-Driving Car Service
Dec 20 2017 // Trov, an on-demand insurance startup, plans to provide trip insurance for passengers using Waymo’s soon-to-be launched self-driving, ride-hailing service. Waymo, formerly Google’s self-driving car project,...
Munich Re to Increase Shareholding in Global Aerospace to 51%
Dec 14 2017 // Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers Ltd., the company that...
Australia’s IAG Forms Capital-Releasing Deals with Munich Re, Swiss Re, Hannover Re
Dec 8 2017 // Insurance Australia Group Ltd. said on Friday it will share 12.5 percent of its premiums and costs with Munich Re, Swiss Re and Hannover Re, in a series of deals that will release capital for Australia’s biggest...
Insurtech MGA Wrisk Gets UK Regulatory Authorization
Dec 6 2017 // On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct...
Munich Re’s Ergo Decides Not to Sell Run-Off Life Policies as Offers Too Low
Nov 29 2017 // Munich Re’s ERGO unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low. “In ERGO’s view, the current value of the portfolios and...
Munich Re Reports Q3 Loss of $1.6B; Tallies Industry Hurricane Losses at $100B
Nov 9 2017 // Insured losses from three big hurricanes in North America this year have cost the industry around $100 billion, German reinsurance giant Munich Re said on Thursday. Damages from storms Harvey, Irma and Maria of that...
Munich Re Expects Q3 Loss After Hurricane Claims of $3.2B
Oct 26 2017 // Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion. The group said it expects a small profit for the full year, as...
Is Hyperloop Transportation Technology Feasible or Insurable?
Oct 18 2017 // Hyperloop Transportation Technologies wants to build a tube-based inter and intra-city transportation system to transport passengers and cargo at high speeds. As part of its efforts to gain support, it sought to assure...
More Clients Want Cyber Cover with BI, Supply Chain Protection: Beazley, Munich Re
Oct 17 2017 // Beazley and Munich Re, through their Vector partnership, have reported strong demand for “holistic cover” to protect against cyber attacks and resulting business interruption and supply chain risks. Vector was...
Munich Re Africa Drops KPMG as Auditor on S. African Reputational Issues
Oct 4 2017 // The African arm of Germany’s Munich Re has dropped KPMG as its auditor, the latest company to distance itself from the accountancy firm entangled in a scandal involving friends of South African President Jacob...
Half of U.S. Businesses Report Being Hacked
Sep 29 2017 // More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives. The nationwide survey, released by The Hartford Steam Boiler Inspection and...
Risk Managers Cautious About Use of Drones
Sep 18 2017 // When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America (Munich Re, US). Other...
Harvey and Irma Jeopardize 2017 Earnings, Says Munich Re
Sep 14 2017 // Munich Re, the world’s largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the company’s ability to meet its full-year earnings...
Munich Re Embraces Driverless Future with Mobileye Fleet Product
Sep 13 2017 // Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the...
Risk Managers Cautious When It Comes to Use of Drones
Sep 7 2017 // When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America (Munich Re, US). Other...
4 European Reinsurers Maintain Pricing Discipline in Tough Market: Fitch
Aug 17 2017 // The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite relentless soft market...
