Munich Re News
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NewsMunich Re MGA officially closes for business
’We’d like to thank our clients, partners and colleagues for your support and trust over the years,’ says firm
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NewsUK insurer tops global cyber GWP rankings
’The trend towards fragmentation is likely to continue in 2024 as cyber business expands more rapidly outside of the US,’ says market analysis firm
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NewsMunich Re Specialty Group snaps up Parhelion Underwriting founder for new role
Chief executive says appointee is ’ideal candidate to accelerate the growth’ of its green solutions portfolio
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NewsMunich Re-backed broker launches first own brand offering
Backed by Munich Re the offering from Bought By Many is aimed at pet owners
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NewsMunich Re hits target despite profit drop
Munich Re chief financial officer ‘satisfied’ with results
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NewsStart-up broker secures backing from Munich Re
The social media broker has signed a deal with reinsurer Munich Re to roll out new products
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NewsMunich Re outgoing boss eyes return after cooling off period
Munich Re’s outgoing chief executive, Nikolaus von Bomhard could return to the German reinsurance group as chairman in 2019 once his cooling-off period is over. Von Bomhard said: “I have pretty much 11 months to go and I’m at full speed and I’m not retrenching anywhere ...
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NewsMunich Re insurance arm to axe 1,800 jobs
Munich Re’s ERGO insurance unit is planning to axe 1,800 jobs as part of a cost-cutting drive. The job cuts have been dubbed “ruthless” by a union representative. The job losses will fall in Germany as the insurer tries to lower its gross annual cost base ...
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NewsPensioner behind Munich Re agency bomb hoax jailed
A pensioner who carried out a bomb hoax against a Munich-Re owned underwriting agency has been jailed for 16 months. Liverpool Crown Court heard David Norris, 74, had long harboured a grudge against Groves, John & Westrup (GJW), which had rejected his £168,000 claim after his ...
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NewsBeazley and Munich Re to launch cyber offering with broader cover
Beazley and Munich Re are planning to launch a cyber offering. The insurer and reinsurer will be offering tailor-made cyber policies with double the amount of coverage that was previously available. The policies will cover physical damage to property and bodily injury as well as more ...
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NewsSaga to pass 75% of its motor risk to Munich Re subsidiary
Three-year quota share deal will lead to capital reduction at Gibraltar-based Acromas Insurance Company
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News‘Bomb scare’ at Munich Re underwriting agency linked to insurance claim
A man has ben arrested by armed police after a four-hour siege at marine underwriting agent Groves, John & Westrup
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NewsNew MGA Pelican enters UK solicitors’ PI market with Munich Re
Munich Re division Great Lakes to provide capacity to newly formed underwriting agency
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News
Munich Re expects to hold pricing power during renewal
(Re)insurance prices could be under pressure next year due to an inflow of capital from pension funds
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NewsMunich Re's profits more than quadrupled in 2012
World’s largest reinsurer books healthy profits despite $800m claims from Superstorm Sandy in preliminary figures
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News2011 worst year on record for insured losses - Munich Re
Insurers suffer $105bn of insured losses, the largest since Hurricane Katrina
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NewsMunich Re upbeat after 5% fall in profit
Reinsurer reports 4% increase in renewals and boosts dividend
