Munich Re
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.
Munich Re reduces stake in Swiss insurer with €119m share sale
Munich Re has sold part of its stake in Swiss insurance group Helvetia Holdings, reducing its shareholding from approxoimately 8.2% to under 3%.
RSA and Axa named as potential bidders for Quinn
Dutch insurance giant Eureko, RSA and Axa have been named among the 20 or so predators circling the Quinn Insurance group, according to reports in Ireland.
Munich Reinsurance drops America
Munich Reinsurance America has changed its brand name to Munich Re and adopted the Munich Re logo for all marketing materials, the company declared today.
Dual launches web-based platform
Dual International has selected e-business solutions specialist Salmon to develop and implement a new pan-European web-based underwriting platform.
US puts further pressure on the UN for Iran sanctions
US President Barack Obama said on Tuesday he wanted tougher U.N. sanctions in weeks against Iran over its nuclear program. This follows proposed US sanctions including (re)insurance
Reinsurance TV: WIF and the Bermuda Reinsurance Club
Reinsurance editor Katherine Blackler talked to the great and the good of Bermuda and London at the World Insurance Forum and Bermuda Reinsurance Club events earlier this month.
Buffett raises Munich Re stake
Warren Buffett, already Munich Re's biggest individual shareholder, has built up his stake to nearly 8%, the reinsurer revealed on Thursday
Munich Re boss confident of €2bn profit in 2010 despite early losses
Gross premiums written rose by 9.5% to €41.4bn (€37.8bn). But if exchange rates had remained the same, premium volume would have increased by 9.9% compared with the previous year.
New US sanctions on Iran put the industry on high alert
The US bill to expand the Iran Sanctions Act is being watched keenly by the (re)insurance world, reports Katherine Blackler
Chile quake may be most expensive for insurers since 1994 – Munich Re
If quake damage costs insurers $8bn, as predicted by Eqecat, it will be the 2nd most expensive in history.
In Series - Solvency II: Stretching for the summit
Preparing for Solvency IIis turning out to be a much bigger challenge than many initially anticipated. Sam Barrett reports on what companies are doing to scale up in time.