Munich Re
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.
Insured flood losses likely to be below 2002 level
The macroeconomic losses from the floods in central Europe are likely to far exceed the insured losses, Munich Re’s chief executive Niclaus von Bomhard said.
Property Claims 2013: Insurers told to go Down Under
Insurers could boost the industry’s reputation by imitating the Australian model of working closer together to tackle catastrophic claims surges, according to John Pyall, head of Munich Re’s Great Lakes facilitated claims unit.
Reinsurer stocks plummet amid flood fears
Shares in Munich Re and Hannover Re fell around 3.5% to the bottom of pan-European FTSEurofirst 300 index as flooding in parts of Europe raises the prospect of hefty damage claims.
Top five European news stories
The top five news stories from www.insuranceinsight.com
Fewer claims help Munich Re in Q1 results
Reinsurer Munich Re's profits rose 20% to €979m in the first quarter of 2013 compared to the same period in 2012.
Climate change: Insuring the future
Climate change is a global issue of huge importance to the safety and security of future generations and the environment. How can insurers play their part? Sam Barrett explains.
Munich Re to develop geothermal exploration insurance in Turkey
Munich Re and The World Bank’s International Financial Corporation have agreed to develop geothermal exploration risk insurance in Turkey.
The Thai flood: Two years on
The size and scale of the floods in Thailand in 2011 came as a shock to many despite the fact it was a flood prone area. Andrew Tjaardstra discovers how shock waves are still being felt and how risks are being reassessed.
Asia-Pacific premiums to double by 2020, says Munich Re
Munich Re's Economic Research Department estimates that nearly half of the $2.8trn of additional premiums to be generated by 2020 across the world will be from the Asia-Pacific region.
Munich Re expects €3bn profit in 2013
Reinsurer Munich Re is expecting profits of €3bn for 2013 compared to €3.2bn in 2012.
Drought frequency has doubled in two decades, says Munich Re
According to Munich Re, droughts have become far more common in recent years.
Lloyd's sports syndicate recruits Munich Re underwriter
Sports and leisure insurer Sportscover has recruited Munich Re’s David Boyle to serve as its new class underwriter for contingency at Lloyd’s syndicate 3334.