Munich Re America News
California Wildfires Could Produce Record Insured Losses: Munich Re America
Two major Northern California wildfires destroyed more than 1,000 structures as of early morning on Sept. 16, and Munich Re America said the ongoing crisis could eventually cause historic levels of ...
2015 Could Be Worst Year on Record for U.S. Wildfires: Munich Re America
When measured in terms of acres burned rather that insured losses, 2015 could go down in the record books as the worst wildfire year, a meteorologist from Munich Re America said last week. Mark Bove, ...
Munich Re Steps Into U.S. Private Flood Insurance Market
Munich Re's U.S. arm sees growth potential in the private flood insurance market. The German reinsurer is launching a personal lines inland flood insurance product targeted at giving more options to ...
Significant Winter Insured Losses Don’t Match Last Year’s: Munich Re
Now that the U.S. is finally emerging from the winter of 2014/2015, the economic and insurance costs are becoming clear. The numbers are substantial, but they're not as bad as the previous winter. ...
Hiscox Re’s Definition of Innovation: Offering a ‘Twist of Lime’
Reinsurance innovations at Hiscox Re don't necessarily come in the form of entirely new products, according to Mike Krefta, the chief underwriting officer. Rounding out offerings like RAP and ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...
Munich Re: Most Americans Now Believe in Climate Change
More than 8 in 10 Americans now believe the climate is changing—although they place that concern beneath issues like global political instability, economic crisis or a pandemic, according to a new ...
Munich Re America Backs Public-Private Effort on Extreme Weather Mitigation
The number of loss-relevant weather catastrophes worldwide has almost tripled since 1980, according to Munich Re's NatCatSERVICE database. The company said that finding ways to create broader ...