Munich Re
Property cat rates rise after global losses
US property catastrophe rates have increased due to global losses and new versions of catastrophe models. However, the reinsurance sector's capital position remains dependent on the hurricane season.
Munich Re and Marsh team up for geothermal energy risk
Project developer Exorka, insurance broker Marsh and Munich Re have jointly developed an insurance concept covering the exploration risk of a geothermal energy project in Taufkirchen, near Munich.
Regulation tops London market agenda
Uncertainty around regulatory issues - from the replacement of the Financial Services Authority to a global focus on the perceived systemic risks of the insurance sector - remain top of the agenda for London company market insurers.
Marsh and Munich Re offer nat cat services
Marsh has launched a suite of services that aims to assist clients in managing their natural catastrophe risks more effectively and speeding up recovery from any losses.
Munich Re insurer ERGO ratings affirmed
Fitch Ratings has affirmed Germany-based insurer ERGO Lebensversicherung AG's (ERGO Life) and DKV Deutsche Krankenversicherung AG's insurer financial strength ratings at 'AA-'.
Insurance think tank publishes annual survey findings
Think tank The Geneva Association has published the results of its annual membership survey of the views of more than 80 insurance CEOs on international regulatory efforts to contain systemic risk, national government response to climate change and the…
Editor's comment: Still after a piece of the motor market action
Despite the horrendous combined operating ratios and losses that have piled up in the UK personal lines motor market in recent years, it still holds a fascination for many.
Prostitutes invited to Munich Re-owned Ergo party
Munich Re has confirmed that one of its business units invited 20 prostitutes to a Budapest party to reward the insurer’s high- performing agents.
Prostitutes invited to Munich Re-owned Ergo party
Munich Re has confirmed that one of its business units invited 20 prostitutes to a Budapest party to reward the insurer’s high- performing agents.
Reinsurer cat budgets exhausted after Q1
Reinsurers' annual budgets have been exhausted after the major natural catastrophe losses in the first quarter were followed by 150 tornadoes hitting 13 south-eastern US states last month. According to Dominic Simpson, vice president, senior credit…
Munich Re still predicting 2011 profit despite €2.7bn Q1 nat cat hit
Munich Re posted a consolidated loss of €948m (£834m) for the first quarter of 2011 (previous year: profit of €485m).
Mapfre buys Munich Re Middlesea stake
Spanish insurer Mapfre has purchased Munich Re’s 19.9% shareholding in Maltese firm Middlesea Insurance.
Q1 nat cats not market-turning
Total industry insured large losses since the third quarter of 2010 of $32bn will not be enough to turn the reinsurance market, an analyst has warned.
European insurers call for Solvency II non-compliance fines
European insurers would like to see the European Insurance and Occupational Pensions Authority fining regulators where Solvency II is not applied equally across the European Union.
Aviva boss: earthquake will not impact GI rates
Global general insurance rates will not be dramatically affected by Japan's earthquake and tsunami, according to Aviva's chief underwriting officer.
Munich Re Japan quake exposure to reach €1.5bn
Munich Re has estimated losses of €1.5bn (£1.3bn) from the Japanese earthquake.
Jeffries: Munich Re Japan losses “modest”
Jeffries International has predicted “relatively modest” Munich Re losses from the Japan earthquake of €1bn (£869m).
Reinsurance sector braced for huge losses in Japan
The global reinsurance industry is positioned to absorb the impact of the Japanese earthquake — even if the insured losses reach $35bn (£21.7bn).
Munich Re to revisit earnings target statement
Munich Re's stated objective to earn €2.4bn (£2.1bn) in 2011 may have to be revisited following the devastating earthquake in Japan.
BI presents "wildcard" among Japanese quake losses
Major insurance and reinsurance losses both in Japan and globally following last Friday's huge earthquake in Japan will cause negative credit implications for the two sectors, according to Moodys.
Munich Re hit by £931m cat losses in 2011
Natural catastrophes in Australia and New Zealand have already cost Munich Re AUS$1.5bn (£931.1m) in 2011.
Interview – Simon Douglas: the attraction of AA Insurance
Simon Douglas, director of AA insurance, previously worked in the life & pensions and private medical markets. He talks to Mairi Macdonald about what attracted him to the debt-laden business and the challenges it faces.
MGA remains upbeat despite slow progress
Affinity Insurance Management, an appointed representative of Affinity Scheme Insurance, has disclosed a £150 867 loss in its first full-year of trading, and warned about its future viability.
Munich Re offers renewable energy insurance first
Munich Re is insuring the guarantees which builder of wind-powered plants, Fuhrländer, is giving its customers.