Munich Re News
Munich Re Pauses Selling Pandemic Business Coverage After Big H1 Losses
Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half. ...
Munich Re Saw COVID-19 Claims Slow Down in Q3
German reinsurance group Munich Re said on Monday that claims related to the coronavirus pandemic have slowed so far in the third quarter but that it expects hits from a series of hurricanes in North ...
Cyber Attacks and Identity Fraud Continue to Rise: Munich Re’s HSB
Consumer-focused identity theft, cyber attacks and online fraud are continuing to rise or remain at robust levels, a new national survey by Munich Re's HSB has found. Nearly 16 percent of individuals ...
H1 Global Natural Catastrophe Losses Reach Stinging Levels: Munich Re and Aon
Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re ...
Executives On The Move at Munich Re and BHSI
Two Munich Re subsidiaries recently made new executive appointments. Berkshire Hathaway Specialty Insurance an executive to be Senior Care Leader, Healthcare Professional Liability in the U.S.
The Latest Launches From Nationwide/Bold Penguin and Munich Re
Nationwide and Bold Penguin are testing an independent agent-facing commercial insurance quoting and selling platform. Munich Re Specialty Insurance (MRSI) released a Miscellaneous Professional ...
Munich Re Expects $1B in Coronavirus Claims; 2020 Profit Still Envisioned
Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a ...
U.S. Small Businesses See Big Increase in Phishing Emails: Munich Re/HSB Survey
U.S. small businesses have experienced a worsening cyber vulnerability over the last year: Suspicious emails seeking money. Nearly 60 percent of business executives polled in a new survey from Munich ...
Demand Soars for Parametric Insurance to Cover Pandemic Business Interruptions
Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He's also plugging away trying to keep businesses healthy, as well. ...