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Insurance
Lloyd's third-party managing agent Asta has completed the sale of its managing general agent (MGA) Pelican Underwriting One, which trades as Pelican Underwriting, to specialist MGA Manchester Underwriting Management (MUM). 5 March 2018
Insurance
The partnership aims to help streamline life insurance processes in the Gulf region. 14 January 2021
Insurance
California-based insurtech start-up Trov has closed $45 million in Series D funding led by Munich Re through its venture capital arm HSB Ventures. 7 April 2017
News
Munich Re has revealed it plans to buy back up to €1 billion of its own shares by April 2018, as it struggles to find profitable opportunities in what its chairman, who steps down in April this year, said will remain a challenging environment. 15 March 2017
Insurance
The offering will initially be focused on UK property but will eventually expend to motor. 19 March 2021
Reinsurance
Industry veteran with AIG, XL and Munich Re leadership chops to oversee risk and actuarial function. 7 August 2025
Insurance
A series of hailstorms and tornadoes in the US dominated the natural catastrophe statistics in the first half of 2017 though nat cat losses from January to June were below average, according to Munich Re, which warned on the importance of re/insurers understanding climate change – both natural and man-made. 18 July 2017
Insurance
Munich Re believes that its business model will in the future rely increasingly on fee income and less on premium income, CFO Jörg Schneider suggested during a Feb. 7 press conference. 7 February 2017
Insurance
Insurtech start-up Next has raised $29 million in a Series A funding round led by Munich Re, through its venture capital arm HSB Ventures, along with Markel, Nationwide, and other investors. 4 May 2017
Insurance
Munich Re is unlikely to be directly affected by the US president’s protectionist policies, CFO Jörg Schneider suggested during a Feb. 7 press conference. 7 February 2017
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