Munich Re News
The Latest Launches From AXA XL, Munich Re America and Marsh
AXA XL's primary cyber and technology insurance clients can now get complimentary proactive services meant to help promote resiliency before cyber attacks. Munich Re America has begun marketing a ...
Cincinnati Financial Will Pay $134M for London Specialty Underwriter Owned by Munich Re
Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and Munich Re subsidiary, in a bid to diversify its earnings and expand its ...
Slice Labs, Marketing On-Demand Insurance Platform, Raises Another $20M From Multiple Carriers
Slice Labs disclosed it has pulled in another $20 million in venture financing, with plans to use the money to accelerate globalization of its platform that enables on-demand insurance. The ...
In a Soft Market, Munich Re Regains Top Reinsurer Spot: A.M. Best 2017 Ranking
Munich Re is once again the world's largest reinsurer after losing the top spot in 2017 to rival Swiss Re, according to A.M. Best's new market segment report. A.M. Best made its assessment based on ...
Munich Re Will Buy an IoT Startup Focused on Business Clients’ Digital Needs
Munich Re said it will acquire relayr, an Internet of Things-focused software company the reinsurer claimed is valued at $300 million. The acquisition is taking place through Munich Re subsidiary ...
Executives On The Move at Munich Re, PartnerRe and QBE North America
A unit of Munich Re added two new executives to its underwriting team. PartnerRe Ltd. announced a number of personnel changes for its board of directors. QBE North America appointed an executive to a ...
Munich Re Will Halt Investment in Coal-Related Businesses
Munich Re, the world's biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, ...
Nationwide, Munich Re Contribute to Next Insurance’s New $83M Financing
Next Insurance raised $83 million in a new financing round, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. "Our ...