Munich Re News
New Products: XL Catlin Addresses Workplace Violence; HSB Covers Cyber
We have two new products to tell you about this week that target the middle market. One, from XL Catlin, is a new policy that helps mid-sized companies deal with recovery from workplace violence. ...
At No. 2, AXA Is Highest with P/C Operations on A.M. Best Global Insurer Ranking
Coming in at No. 2, French company AXA S.A. is the highest ranking insurer with property/casualty operations on A.M. Best's new roundup of the top global insurers by net premiums written. Half the ...
Natural Disaster Insurance Claims Plunged in 2015, but Climate Change Hurt: Munich Re
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich ...
Buffett’s Berkshire Hathaway Further Pulls Back from Munich Re Investment
Warren Buffett's Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market. The holding was trimmed to 4.6 ...
Buffett’s Berkshire Hathaway Selling Investments in Munich Re, Swiss Re, Goldman Sachs
Warren Buffett's Berkshire Hathaway Inc. on Monday said it reduced its stake in Goldman Sachs Group Inc. by 13 percent during the third quarter, paring a successful investment it made during the ...
Munich Re Q3 Profit Drops 29% as Investment Earnings Fall
Munich Re, the world's biggest reinsurer, said third-quarter profit slumped 29 percent on a decline in earnings from investments. Net income declined to 520 million euros ($565 million) in the three ...
Munich Re Takes Big Tianjin Explosion Hit; XL Catlin, Allied World Impacted Less
Munich Re, XL Group and Allied World are among the latest insurers and reinsurers disclosing catastrophe costs stemming from the Tianjin port explosion in China earlier this fall, and the hits range ...
Reinsurance Execs Weigh In on Pricing
Q: The Pricing Environment.Recent rating agency reports contained the following observations about the reinsurance pricing environment: S&P: "Price competition for global property/casualty ...