News
News
Munich Re America, the reinsurer’s US unit, has appointed Stephan Hochburger and Paul Ludwig to executive positions in the reinsurance division. 22 June 2016
Insurance
Bermuda-based Third Point Reinsurance has hired David Drury and Steven Wilson as senior vice president of underwriting from Chubb and Munich Re America. 17 July 2018
Insurance
Munich Re said it anticipates lower underlying earnings in 2017 compared with the €2.4 billion estimated for 2016, despite noting that rates in property/casualty are stabilizing and other supportive drivers. 9 November 2016
Insurance
Munich Re has partnered with Next Insurance, a California-based online insurance start-up targeting small businesses in the US, on a new product targeting commercial photographers. 15 December 2016
News
The world’s biggest reinsurer has suggested its profit for 2017 will be lower than in 2016 on the back of a challenging environment with combined ratios increasing and its reinsurance unit specifically contributing less to profits. But it has also forecast growth in its reinsurance business. 15 March 2017
Insurance
Munich Re will continue to reduce its participation or walk away completely from transactional reinsurance business that it regards as under-priced in favour of doing bigger, bespoke, individual deals with clients—an area where it has enjoyed growth in recent years, Ludger Arnoldussen, member of the management board at Munich Re with responsibility for Germany, Asia Pacific and Africa Division, told Baden-Baden Today. 24 October 2016
Insurance
A year after a full-scale restructuring, Munich Re subsidiary ERGO claims to be more efficiently structured, and intends to contribute more than €600 million in to the long term to the annual net profit generated by its parent. 2 June 2017
Insurance
Pricing discipline by Munich Re, Swiss Re, Hannover Re and SCOR is proving an important competitive advantage in the face of declining market pricing and investment yields, Fitch Ratings said on Aug. 16. 16 August 2017
Insurance
While Hannover Re has increased its growth and profit targets for 2017, Munich Re has suggested that it will earn less in 2017 than in 2016. However, the impression that Hannover Re is in better shape than its German competitor may be deceiving. 9 February 2017
Insurance
Insurance group Tokio Marine Holdings (TMH) has appointed Munich Re's Daljitt Barn to the newly-created post of global head of cyber risk. 3 September 2018
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