Munich Re News
Munich Re to Snatch Up Australian Commercial Underwriter
Munich Re will team up with an Australian broker network to snatch up a commercial underwriter in that country and much of its business. The transaction is a bit complex. Munich Re, in its ...
Munich Re Slammed by Belated Japan Snowstorm Claims
Munich Re, the world's biggest reinsurer, reported second-quarter profit that missed analyst estimates, hurt by claims linked to a snowstorm in Japan. The shares dropped the most in three months. Net ...
Low 1st Half Cat Impact: Top Asia, U.S. Losses Have Climate Link: Munich Re
Insured losses in the first half of 2014 were $17 billion, considerably below the $25 billion average over the past 10 years, according to Munich Re's 2014 Half-Year Natural Catastrophe Review. ...
Cat Bond Prices May Have Reached the Bottom: Fitch
Catastrophe bond prices have been falling in 2014, but they may not sink any lower, Fitch Ratings suggested in a statement Tuesday, pointing to Munich Reinsurance Group's decision to pull its Queen ...
Munich Re Gives Brazil Vote of Confidence; Covers World Cup Interruptions for $400M
Munich Re has up to $400 million on the line insuring against delays or cancellations of World Cup matches. The world's largest reinsurer is counting on Brazilian President Dilma Rousseff to do ...
Munich Re Plans IT-Based Coverage For Unanticipated Construction Costs
Munich Re will work with a German specialty software giant to develop what it bills as the first global IT-based insurance product for large construction projects to handle unplanned expenses. A ...
Global P/C Premiums Headed for Moderate Climb: Munich Re Report
An improving economy in the industrialized world will propel steady but moderate property/casualty premium growth over the next two years, Munich Re concluded in its new Insurance Market Outlook ...
As Expected, Munich Re’s Net Profit Fell During Q1
The world's largest reinsurer, Munich Re, reported an almost 5 percent drop in net profit in the first quarter, as a strong euro dragged down premium income. "Despite negative currency effects, we ...