Munich Re
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.
Double appointment for HSB energy team
Specialist engineering and construction insurer HSB Engineering Insurance, part of Munich Re, has made two appointments to its power and energy team.
CFC enters intellectual property market
Specialist lines Lloyd’s underwriting agency CFC has launched an intellectual property product following the transfer of Munich Re’s intellectual property team led by Erik Alsegard.
Q+A: Terence Cheung, head of claims, Greater China, Munich Re
Insurance Insight finds out the views of one of the leading claims' professionals in the region.
Ergo's 'AA-' financial strength rating affirmed by Fitch
Germany-based insurers Ergo Life and DKV have had their insurer financial strength ratings affirmed at 'AA-' by Fitch.
China government catastrophe guarantee 'needed urgently', says Munich Re
He Hua, a catastrophe consultant for Munich Re in China, has called for the industry to put more pressure on the government to introduce a public private partnership to help guarantee the payments of catastrophe claims, especially for large earthquakes.
Q2 cat losses "manageable" for insurers
Second-quarter catastrophe losses, including flooding in Germany and the rest of Europe, appear manageable for most European and US insurers, according to SNL Financial.
German floods to cost industry €2bn
Claims from last month's flooding in Germany alone are expected to cost insurers nearly €2bn, German trade association GDV said on Tuesday.
Munich Re transfers Australian cyclone risk to capital markets
Munich Re transfers US hurricane and Australian cyclone risks to the capital markets
Primary insurance growth to outstrip reinsurance says Munich Re
The global insurance market will grow strongly over the next decade, according to Munich Re’s Insurance Market Outlook published this week.
Costs of Australia's disasters could triple by 2050
Costs of natural catastrophes in Australia could rise from A$6.3bn to A$23bn by 2050 as population density and storms increase according to a new white paper.
McGavick replaces von Bomhard as Geneva Association chairman
Michael McGavick, the chief executive of XL Group, has been elected chairman of international insurance think tank The Geneva Association.