Munich RE
2014 Q1 Results: Net income decreased slightly to Munich Re
The German group Munich Re , the world's reinsurance , said Wednesday expect a slight decline in its net profit in the first quarter,...
Munich Re Licenses AIR’s Updated Crop Insurance Models for the United States and China
AIR Worldwide (AIR) today announced that it has updated its Multiple Peril Crop Insurance (MPCI) Models for the United States and China.
These are weather-based...
Munich Re : Asia-Pacific will be dominant driver of world insurance growth by 2020
Premium income for the insurance industry in the Asia-Pacific region will double by 2020 according to a study published by Munich Re’s Economic Research...
Munich Re : introduces first performance guarantee insurance for LED
Munich Re has introduced ground-breaking insurance coverage with the US lighting company Xicato. Xicato provides its customers with a 5-year performance guarantee on its...
Munich Re : €3.2 billion profits for 2012 and raises dividend
Munich Re’s preliminary figures show a profit of €3.2bn for 2012 (previous year: €0.71bn). The profit for the fourth quarter of 2012 totalled €0.48bn (0.63bn)....
Munich Re : companies need to prepare against cyberattacks
Advancements in the IT sector are opening up new applications, but also creating new risks. So-called cyberrisks pose mounting challenges for companies, and corporate...
Munich Re : rises its full year profit forecast
Munich Re said it was raising its full-year profit forecast, despite the expected claims losses from superstorm Sandy that battered the United States last...
Munich Re : raises profit forecast for 2012 after a strong second quarter
Munich Re, the world's largest reinsurer, said Tuesday it was raising its profit forecast for 2012 after a better-than-expected second quarter.
"We are well...
Munich Re : lower natural catastrophe losses in the first half of 2012
Natural catastrophe losses were relatively moderate in the first six months of 2012. Overall global losses up to the end of June were in...
Munich Re : cancelling the UK Olympics would cost USD 5 billion
The Olympics, which will begin in 52 days, are the world’s largest sports events with more than 10,000 athletes competing in 26 sports. In...
Fitch Ratings : ERGO’s ratings affirmed with a stable outlook
Fitch Ratings has affirmed Germany-based insurers ERGO Lebensversicherung AG's (ERGO Life) and DKV Deutsche Krankenversicherung AG's (DKV) Insurer Financial Strength (IFS) ratings at 'AA-'....
Munich Re : reports return to profit after tsunami blow
Munich Re announced it had returned to first-quarter profit after a difficult start to 2011 hit by the devastating earthquake and tsunami in Japan.
The...
Munich Re : Munich Re starts the financial year 2012 with a quarterly profit of €782m
In the first quarter of 2012, Munich Re achieved a consolidated profit of €782m (same period last year: -€948m). Underwriting business performed well in...
Munich Re : sees ‘gratifying’ first quarter
Munich Re said Thursday it expects first-quarter profits to be "gratifying" amid a calmer situation on the financial markets and fewer losses than last...
Munich Re : profits up more than threefold in 2012
Munich Re, the world's leading reinsurer, said Tuesday it is projecting a threefold increase in profits this year to around 2.5 billion euros ($3.3...
Munich Re’s profits drop by 71% in 2011
Munich Re's profits plummeted last year because of the eurozone debt crisis and a string of natural disasters, the reinsurer reported today.
In 2010 the...
Costa claims to be in millions : Munich Re
Munich Re said it expects its cliams burden from the Costa Concordia shipwreck to be in the “mid double-digit million euro range”.
The reinsurance giant,...
Aon Benfield : just as strong as last year
Despite a large amount of natural disasters in 2011, Aon Benfield has reported that their financial strength has “remained broadly unchanged.”
In the latest edition...
Munich Re : profits down in third quarter
Natural catastrophes, exchange rate volatility and the Euro-zone debt crisis hit Munich Re’s earnings in the third quarter.
Munich Re said in a statement its...
Munich Re : CFO sees 3Q write-downs on Greek bonds
Munich Re AG expects further write-downs on Greek sovereign debt holdings in the third quarter, but these will be lower than in the second...
