Munich Re
German government voices opposition to Neal Bill
The German ambassador to the United States Klaus Scharioth has written to house ways and means committee chairman Sandy Levin registering the opposition of the German government to the Neal Bill.
Willis, Munich Re and Allianz seal European windstorm deal
Perils AG, the Zurich-based company providing industry-wide European catastrophe insurance data, today announced that in the first six months of 2010 the total placements of insurance risk transactions based on Perils industry loss index exceeded $250m.
Nat cat losses more than double average in first half 2010
Insurers’ losses from natural catastrophes, including the February earthquake in Chile, totaled $22 billion in the first half of the year, more than double the average for the period since 2000, according to Munich Re.
Credit Suisse tips RGA or Munich Re for Aegon unit buy
Munich Re and RGA have been named as potential buyers of Dutch insurer Aegon's Transamerica Reinsurance unit, Credit Suisse analysts said on Wednesday.
Whittington preps Asian direct launch
Whittington Group is set to launch a new direct online insurance company, DirectAsia.com, in Singapore with reinsurance support from Munich Re.
Interview - Stephanie Watkins: From speeding tickets to cricket wickets
Leigh Jackson talks to HSB UK's American chief executive officer and managing director of engineering insurance Stephanie Watkins about her past as a police officer in the US and her curious love for cricket.
Munich Re launches IP policy
Munich Re has launched an intellectual property insurance policy that provides cover for European businesses facing the threat of IP infringement allegations.
Munich Re CEO warns over risk pricing after years of low losses
The long-term trend towards ever higher natural catastrophe costs continues, according to Munich Re, which has warned of complacency over risk pricing.
Results: Rollercoaster results characterise Q1 2010
As first-quarter results emerged around the globe in May, we have seen some clear winners and losers with many suffering from heavy catastrophe losses, writes Katherine Blackler.
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
XL grows professional lines underwriting team
XL insurance has added two new staff to the financial institutions division of its professional lines underwriting team.
Munich Re most protected from earning volatility claims Fitch
The recent capital markets crisis has created considerable challenges for European reinsurers seeking to minimise the volatility seen in their financial results over the past few years, according to Fitch Ratings.
Munich Re issues $80m cat bond
Munich Re has obtained cover for US hurricane and European windstorm risks amounting to $80m from Irish SPV EOS Wind, which placed a catastrophe bond in the market.
Oil spill could cost $3.5bn
The Deepwater Horizon oil slick approaching the Louisiana coastline could cost the insurance industry $3.5bn (£2.3bn).
Johnston Re cat bond completed
Johnston Re, the US hurricane catastrophe bond for the North Carolina Joint Underwriting Association (NCJUA) and the North Carolina Insurance Underwriting Association (NCIUA), closed on Monday at $305m.
Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
Torus appoints construction underwriter
Global specialty insurer Torus has named Marina Moore as senior offshore construction underwriter.
Climate change: Just the beginning
After the failures of the conference in Copenhagen, Rachel Gordon looks at the work done by insurers in ensuring the threat of climate change is properly addressed.
Munich Re pays EUR 1.1bn to shareholders
German reinsurance firm Munich Re has announced Q1 profit and affirmed its 2010 target despite cat losses.
Deepwater Horizon oil rig continues leaking oil as claims rise
Owner BP expects its self-insurance and captive insurance to cover costs associated with a massive clean-up effort, which has been said to be costing $6m a day.
Geneva Association opposes IMF proposal
Insurance think tank, The Geneva Association has issued a letter to the Central Bank Governors of the G20 in which it claims the financial stability tax proposal of the International Monetary Fund fails to adequately address the distinct nature of the…
Munich Re places North Carolina cat bond
Munich Re has placed a catastrophe bond to cover two North Carolina insurance groups' hurricane exposures.
Munich Re takaful arm in talks with DIFC
Munich Re Retakaful is reported to be holding talks with the Dubai International Financial Centre to enter the UAE.
XL Capital next Bermuda acquisition target - analysts
Analysts predict that XL Capital will be the next reinsurance acquisition target emerging from the island.