Munich Re
Europe: Weathering the storm
Europe got a battering from natural catastrophes in 2013, resulting in the region clocking up the most loss events for the year across the globe.
Amlin looks to Lloyd’s for underwriting hire
Amlin has appointed Ole Enevoldsen as group head of underwriting assurance.
Philippines promotes catastrophe risk financing initiative
The United Nations Office for Disaster Risk Reduction has teamed up with Willis Re and Munich Re to propose a new approach to catastrophe risk financing for the Philippines.
Reinsurance renewals remain ‘tough’ despite reduced concerns over PPOs
Insurers benefiting from non-motor rate reductions across the board.
Axa retains top spot in AM Best insurer rankings
French insurer Axa has held on to the top spot in the AM Best ranking of largest insurers by net premiums written, with Allianz climbing into third place.
International: Europe: Weathering the storm
In the wake of devastation caused by typhoon Haiyan in the Phillippines, what is the future for insurance in disaster-prone regions?
Admiral extends Munich Re underwriting deal until 2018
Admiral has agreed to extend its underwriting arrangements with Munich Re for its UK car insurance business for a minimum or five years.
International: Stormy weather
The extent to which insurance can and should be used to help manage climate risk has long been debated, and as leaders met in Warsaw for the United Nations convention on climate change last week, it was once again on the agenda.
Increased typhoon activity in East Asia expected, says Munich Re
Overall insured losses from weather events in the last three decades in East Asia have hit $6bn as floods and typhoons increase. The situation could be about to worsen.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) to be “achievable” for the full year after achieving profit of €2.2bn for the first nine months.
Munich Re targets €3bn profit for 2013 after weak Q3
Munich Re believes profit of €3bn (£2.5bn) is “achievable” for the full year after recording a €2.2bn profit for the first nine months.
Over 170m low-income people using microinsurance in Asia-Pacific
According to research by the Munich Re Foundation and GIZ, which assists the German government in sustainable development, the microinsurance sector in Asia-Pacific has reached 172m lives representing a 40% annual growth rate between 2010 and 2012.
DAS recruits Munich Re man to replace Gibson as CFO
Legal expenses insurer DAS has confirmed that Munich Re’s Thomas Jannakos will replace Paul Gibson as the firm’s UK group chief financial officer.
Market Moves: Zurich departures and Tripp’s return top what has been a busy week for the market
It was a busy week for insurers seeking to bolster their numbers, with HSB, Avanti and Sterling among the firms to bring in new faces. Zurich, however, may have made the most significant announcement in the form of the departures of two of its broker…
Post Intelligence – company profile: Munich Re
Munich Re continues to expand its primary insurance business, ERGO, in Asia and Eastern Europe.
HSB recruits from Aviva for construction lead
HSB Engineering has swooped for Aviva’s trading underwriting manager in construction, power and engineering.
The Asian reinsurance story so far
The reinsurance market has great potential for growth in Asia as insurers, brokers and banks try to address a chronic deficit in insurance cover across the continent writes Andrew Tjaardstra.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market?
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
IUMI Preview: Charting a course
With the sector suffering major losses, long-term sustainability is high on the agenda at this year’s International Union of Marine Insurance conference. Can the market navigate the choppy waters?
Munich Re buys Renaissance's energy risk management division
Munich Re has agreed to acquire RenaissanceRe’s weather and weather-related energy risk management division RenRe Energy Advisors.
The power of governments and insurers working together
Governments need to take a greater leadership role when addressing the insurance needs for natural disasters in Asia writes Mukul Gupta.
Concordia wreck removal to cost $1.1bn says Munich Re
The loss creep for the stricken ship Costa Concordia continues with Munich Re revealing that removal costs for the wreck are likely to exceed $1.1bn.
Europe's floods hit Munich Re's profits in Q2
Munich Re's profits fell considerably in the second quarter compared to the same period in 2012 as it booked a huge cost for the recent European floods.