Munich Re
Munich Re offers renewable energy insurance first
Munich Re is insuring the guarantees which builder of wind-powered plants, Fuhrländer, is giving its customers.
Munich Re unveils profit estimate for 2010
On the basis of preliminary estimates, Munich Re achieved a consolidated result of €2.43bn for 2010 (2009: €2.56bn), despite substantial major losses, it announced this morning.
Munich Re chief appointed PRI chairman
Munich Re America’s chief administrative officer Dr Wolfgang Engshuber has been elected chairman of UN-backed global investor-led initiative, the Advisory Council of Principles for Responsible Investment.
Cat bond market set for expansion
The market for catastrophe bonds grew in 2010 and will continue to expand this year, according to Munich Re.
Post Europe: Corporate risks in the Nordic regions
The Nordic region has become popular for big and small businesses alike and was recently highlight in the news as a terrorist target. Jakki May reviews how insurers have responded to this and asks what other risks firms in this region face.
Axa declared largest insurer in the world by net written premium
The world's largest insurers, measured by assets and net premiums are based in Japan and France respectively, AM Best has found in its annual ranking of global insurers.
Munich Re: 2010 sixth worst for insured losses since 1980
Several major catastrophes in 2010 resulted in substantial losses and an exceptionally high number of fatalities, according to Munich Re.
Munich Re completes $131m deal
Munich Re, through its subsidiary Munich Health North America, has successfully concluded the acquisition of US Medicare provider Windsor Health Group for US$ 131m in cash.
Munich Re completes $131m deal
Munich Re, through its subsidiary Munich Health North America, has successfully concluded the acquisition of US Medicare provider Windsor Health Group for US$ 131m in cash.
Munich Re begins to spend €2.5bn energy investment pot
Munich Re, via its asset manager MEAG, has concluded a significant investment deal involving wind power plants in Germany.
Guy Carpenter and Willis join forces with Aon for oil liability consortium
Guy Carpenter and Willis Re are working alongside Aon Benfield as placement advisors to a new sudden oil spill consortium, which aims to deliver larger liability limit coverage for deepwater drilling in US waters.
Post Europe: Iranian sanctions
Earlier this year the European Union was the first to proscribe sanctions against Iran specifically including insurance. Vic Wyman reports on the reactions and implications for the European insurance market.
Munich Re is exposed to €2.4bn of Irish bonds
City AM has reported that Munich Re has been exposed to €2.4bn (£2bn) of Irish government bonds – around 1.2% of its total non-linked assets.
Former Axa and HSBC manager Wheddon to head up R&Q MGA start up
Randall & Quilter has received regulatory approval for its first two group owned managing general agents, R&Q Commercial Risk Services and R&Q Risk Services Canada. Both MGAs have now commenced underwriting.
Munich Re raises year end profit forecast by €400m
Munich Re is now predicting a higher consolidated result for 2010 than previously expected: following a profit of €1.955 bn for the first nine months of 2010 (same period last year: €1.784 bn).
Admiral strikes new reinsurance deals with Mapfre and XL Re
Motor insurance specialist Admiral this morning revealed that it plans to extend its existing reinsurance partnerships with Swiss Re, New Re and Hannover Re and is entering into new deals with Mapfre Re and XL Re for 2011 to 2013.
Munich Re acquires Windsor Group
German reinsurance firm Munich Re has agreed to acquire Windsor Health Group.
QBE set to cut four Evergreen staff as part of rebrand
QBE has confirmed it is to re-brand its December 2009 purchase Evergreen.
Munich Re: renewable energy premium volumes set for 240% growth
In line with political targets, the share of renewable energies in power generation in Germany is expected to increase from a current 10% to 60% by the middle of the century.
Warren Buffett plans to buy more Munich Re shares as he passes 10% threshold
Munich Re has today confirmed that Warren Buffett, and his various assets, now have 10% of voting rights in the company.
Munich Re affirmed as A+ by AM Best
AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Re and its subsidiaries.
Munich Re affirmed as A+ by AM Best
AM Best has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Munich Re and its subsidiaries.
Exposure management in action - Munich Re
In 2009, Munich Re - which pursues an integrated business model consisting of both primary insurance and reinsurance - achieved a profit of €2.56bn on premium income of around €41bn. It operates in all lines of insurance, with around 47,000 employees…
Munich Re launches solar panel cover
Munich Re has unveiled a new performance warranty for solar panels in the US.