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Insurance
California-based insurtech firm Trov has begun to roll out its on-demand insurance offering in the US a year after having received regulatory approval.   3 July 2018
Munich Re posts €1.4bn loss for Q3
Insurance
Munich Re incurred a net loss of €1.4 billion in the third quarter of 2017 due to the impact of natural catastrophes in North America but expects “significant” market recovery.   9 November 2017
Munich Re embraces Internet of Things with acquisition of Relayr
News
Munich Re is to acquire software company relayr via its subsidiary, Hartford Steam Boiler (HSB), as it looks to create new business models in the industrial Internet of Things (IoT).   4 September 2018
Insurance
The company has launched a non-profit organisation to help combat COVID-19 and offer financial support during a crisis.   4 May 2020
Reinsurance
Appointee will focus on advancing ILS, capital solutions, and deal origination.   14 January 2025
News
Munich Re has reported a loss in its property/casualty reinsurance unit of €476 million due to high levels of natural catastrophes.   15 March 2018
Insurance
Insurtech home insurer Buzzvault, which is backed by White Mountains Insurance Group and reinsurer Munich Re, has opened for business in London.   10 December 2018
Insurance
The carrier wants to reinforce its capital base with a focus on growth opportunities that are emerging in many reinsurance markets.   2 September 2021
Reinsurance
Munich Re expects its investments in digitisation, data and technology to become the major driver of future growth in its reinsurance operations. The German reinsurance giant sees digitisation as a means of moving the business closer to the end consumer while generating new technology-based products.   20 March 2018
News
Munich Re reclaimed the No. 1 position from Swiss Re in AM Best’s 2018 annual ranking of the Top 50 Global Reinsurance groups.   5 September 2018

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