Munich Re
Munich Re launches cyber cover for oil and gas sector
In an industry first, Munich Re has launched insurance cover to help tackle cyber exposures posed to the independent upstream oil and gas sector.
Munich Re's P&C profit drops 29% in first half; Ergo returns to profit
Global reinsurer Munich Re had a mixed first half to the year as the firm was hit by the London Grenfell Tower disaster as its primary insurer Ergo returned to profit.
Obituary: Mike Hannan, a ‘venerable institution’ of Lloyd’s
Mike Hannan, a “venerable institution” of the London insurance market, has passed away this week aged 74.
Insuring the Pacific: where cyclones can cost half a nation's GDP
The growing impact of climate change on the Pacific Islands just adds another layer of catastrophe risk to an already highly vulnerable group of countries.
Munich Re warns on New Zealand earthquake capacity
A senior member at Munich Re has given a warning on the ability to provide earthquake cover in New Zealand in the future.
Castel Specialty enters construction market
Castel Specialty has expanded its book of business with the launch of a construction portfolio.
Insurers face $22bn bill from first half nat cat losses, says Aon Benfield
The $22bn (£16.9bn) in insurer payouts from first half nat cat losses is 35% lower than the ten year average of $35bn according to Impact Forecasting - Aon Benfield's catastrophe modeling team.
Interview: Grenfell Tower insurer reveals UK expansion plans
It is estimated that the Grenfell Tower fire could result in claims of up to £50m. However, the carrier responsible for insuring the building said that its expansion plans for the UK remain undimmed.
Grenfell Tower blaze could result in claims of £50m
The Grenfell Tower blaze could result in property and liability claims of £50m, the Norwegian carrier responsible for insuring the building said.
More women are at executive level in financial services than ever before
Columbia Treadneedle Investments has issued a report highlighting the increased representation of women across 12 sectors in the financial industry.
Generali appoints Soo as Asia head of health
Generali has appointed former Munich Re manager Dr Hak Hong Soo as regional head of health Asia.
GJW transfers marine trade book to NMU as part of restructure
Groves John & Westrup has transferred its book of marine trade business to sister company NMU as part of a strategic restructure implemented by Munich Re.
Strong investment results bolster Munich Re's Q1 profits
Munich Re saw a 28% rise in profit in the first quarter of 2017, up to €557m (£469.6m) from €436m for the same period in the previous year.
In Depth: Insurtech gold rush
Reinsurers are injecting more money into start-ups to get a foothold in insurtech - and the disruptors are welcoming the investment from these flexible partners.
Big Data practices 'will trickle down from health to GI'
Health insurers may be leading the way with data analytics but best practices will eventually trickle down to general insurance, the CEO of a health tech start-up said.
Startup Trov secures $45m for expansion efforts
On-demand insurance provider Trov has secured $45m (£36m) of investment for its global expansion efforts.
Markel hires marine liability underwriter in Singapore
International (re)insurer Markel has hired a senior marine liability underwriter for its Asia-Pacific operation
Interview: Guy Goldstein, Next Insurance
As Next Insurance launches today a chatbot allowing personal trainers to quote and buy insurance via Facebook Messenger, its founder and CEO Guy Goldstein tells Jonathan Swift how the American insurtech start-up plans on revolutionising the SME…
Dominick Hoare replaces Jardine on Lloyd’s Council
Dominick Hoare, chief underwriting officer for the Munich Re Syndicate has been elected to the position of corporate-external member to the Council of Lloyd’s.
Hong Kong government advisory report laments reinsurance failings
A Hong Kong government advisory group is recommending changes in captive, marine and reinsurance regulations to help turnaround the SAR's Asia hub status.
Solvency II driving demand for reinsurance
January renewals show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, according to Fitch Ratings.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
Reinsurers increasing insurtech investment to counter growing competition
Reinsurers are increasingly investing in insurtech to mitigate external threats from venture capital investment, experts told Post.
Bought By Many launches new pet insurance product
Insurtech start-up Bought By Many has launched its first pet insurance product following its £7.5m investment round.