Munich Re
Reinsurance pricing pressure to continue in 2015
Ratings agency AM Best is forecasting reinsurance pricing to remain under pressure in 2015 given continued pressure from alternative capital and the lack of a price-changing event in the past few years.
Pet Insurance: Protecting a growling market
The UK pet insurance market has exploded over the past few years and is expected to continue to grow. But just how do insurance companies build on this without falling prey to unscrupulous operators?
Cedants less likely to transfer business to reinsurers, says AM Best
Europe’s 20 largest cedants are benefitting from lower reinsurance rates and stronger bargaining power according to ratings agency AM Best.
Munich Re's profits fell 3% in 2014
Reinsurance giant Munch Re's chief financial officer heralds 'robust earnings strength' despite a fall in profits for 2014 and a drop in property and casualty volume at renewals.
Das UK remains on negative watch as it conducts internal investigation
Standard and Poor’s has confirmed that Das Legal Expenses, the UK arm of the Munich-Re owned legal protection insurer, remains on credit watch with negative implications, as it completes its internal investigation.
Munich Re hikes 2014 profit forecast beyond €3bn
Munich Re is confident it will now exceed a forecast full year profit of €3bn for 2014 following strong performance in Q3.
Q&A: Stephanie Watkins: Engineering success
HSB Engineering boss Stephanie Watkins gives Post the lowdown on a period of major change for the specialist insurer – including its acquisition by Munich Re – and reveals what she sees as the emerging risks for the sector
Munich Re in director reshuffle for global marine launch
Following the appointment of John Wilkinson as head of global marine partnership, Dieter Berg has taken up a business development role for the new division.
Top 100 UK Insurers: Top 20 insurers: Regional office map
See where the top 20 UK insurers have their regional offices in 2014 (headquarters not featured)
Top 100 UK Insurers 2014: Top 20 insurer profiles
A detailed look at the top 20 UK insurance firms according to AM Best's Top 100 UK Insurers Table, including board members, broker agencies, staff and UK reserves. For full table and map of regional offices see bottom of page.
Entry opportunities available as reinsurance market continues to soften
A softening reinsurance market is expected to continue to impact the reinsurance and Lloyd’s subsectors in 2015, according to a note published by Berenberg, which states that previous underperformance presents opportunities.
Munich Re's head of China and Hong Kong takes up global marine role
Munich Re's chief executive of Greater China and Hong Kong John Wilkinson has been appointed CEO of Munich Re’s global marine partnership.
Great Lakes Australia helps Steadfast buy Calliden
Australia's largest broker network Steadfast is buying Australian managing general agent the Calliden Group for A$105m (£59.1m).
Munich Re posts solid first half results
Munich Re posted a profit of €765m (£608m) for the second quarter of 2014, and a profit for the first half-year of €1.69bn (£1.34bn).
DAS pre-tax profits up 9% for 2013
Legal expenses insurer DAS has reported a 9% boost in pre-tax profits for 2013, with figures reaching a total of £12.1m.
Munich Re's Q1 2014 profit falls 5%; April pricing weakens 8%
Profits fell 5% in the first quarter at global reinsurer Munich Re and April renewal prices declined 8%.
International: Asia: Living with disasters
The insurance community is playing an increasingly important role in helping vulnerable communities in Asia adapt to climate change both before and after a disaster.
Aviva safeguards staff pensions with record longevity deal
Aviva has moved to protect its UK staff pensions with a record breaking £5bn longevity transaction.
Europe: Pet insurance opportunities
With around $1bn premium volume, the pet insurance market in the UK is by far the world's biggest - but increasing competition and rising vet fees over the past few years have seen what was once fertile ground become a highly contested area, with a large…
Munich Re's reinsurance division operating profits down 19%
In 2013, according to Munich Re's preliminary results, operating profits at its reinsurance arm reduced from €4.3bn in 2012 to €3.5bn last year (a reduction from €3.1bn to €2.8bn in its consolidated result).
Europe: Weathering the storm
Europe got a battering from natural catastrophes in 2013, resulting in the region clocking up the most loss events for the year across the globe.
Amlin looks to Lloyd’s for underwriting hire
Amlin has appointed Ole Enevoldsen as group head of underwriting assurance.
Philippines promotes catastrophe risk financing initiative
The United Nations Office for Disaster Risk Reduction has teamed up with Willis Re and Munich Re to propose a new approach to catastrophe risk financing for the Philippines.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.