For Munich Re, Claims Decline and Net Profit Soars

German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million ...

The Latest Launches From Starr and Travelers

A division of Starr Insurance Companies debuted a distribution channel to sell coverage that benefits small federal government contractors. Many customers for The Travelers Companies Inc. will now be ...

Allianz’ PIMCO Helps Boost Insurer’s Q2 Profit

Allianz SE got a boost from bond giant Pimco in the second quarter as its main insurance businesses felt the pinch of low interest rates. Pacific Investment Management Co. attracted 23 billion euros ...