Munich RE
Munich Re : sees January 2012 renewal rates rise slighlty
Munich Re’s board member Torsten Jeworrek announced contract rates should rise for the renewal period of January 2012 when compared to 2011.
For instance, rates...
Reinsurance : too early to estimate Irene’s costs
Reinsurers Munich Re and Hannover Re believe it is still too early to estimate damage claims from Hurricane Irene.
"There is flooding and power outages....
Greek losses hit results at German insurer Allianz
German insurance giant Allianz announced that its second-quarter net profit fell seven per cent to EUR 1.07 billion ($1.5 billion) after a large charge...
Munich Re profit up 3.8%, takes Greek debt hit
Germany's Munich Re announced its second quarter net profit rose 3.8 per cent to 736 million euros ($1.05 billion) despite a heavy charge on...
Munich Re : first solar panel warranty insurance
Munich Re provides the first Japanese solar panel warranty insurance to thin-film manufacturer Solar Frontier for installations worldwide. Munich Re’s global insurance solutions for...
Munich Re : 2011 is a year of unprecedented losses
An exceptional accumulation of very severe natural catastrophes makes 2011 the highest-ever loss year on record, even after the first half-year. Already, the approx....
Marsh, Exorka and Munich Re cooperate on a new geothermal project
Project developer Exorka, insurance broker Marsh and Munich Re have jointly developed an insurance concept covering the exploration risk of a geothermal energy project...
Munich Re : apologises for sex trip
One of Germany's top insurance companies took out full-page advertisements in national newspapers Wednesday to apologise for laying on prostitutes for its top salesmen....
Weather catastrophes in China soar
Munich Re stated that deadly weather catastrophes in China had soared around four-fold in the last 30 years, costing its economy billions.
Munich Re...
Fitch Ratings : affirms ERGO subsidiaries’ ratings
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-'....
Fitch Ratings : Munich Re IFS rating at ‘AA-‘; outlook Stable
Fitch Ratings has affirmed Munich Reinsurance Company's (Munich Re) Insurer Financial Strength (IFS) rating and Long-term Issuer Default Rating (IDR) at 'AA-' with Stable...
Munich Re : heavy Q1 loss, says 2011 profit possible
Munich Re unveiled Monday a sharp first quarter loss owing to major disasters in the Asia Pacific region, but said it should still make...
Fitch assigns Munich Re’s Hybrid Issue expected ‘A(exp)’ rating
Fitch Ratings has assigned Munich Re's ('AA-' /Stable) expected issue of hybrid securities in benchmark size an expected 'A(exp)' rating. The final rating is...
Munich Re estimates losses due to Japan’s earthquake
Munich Re provisionally estimates that its claims payments for the devastating earthquake and tsunami in Japan will total some €1.5bn (after retrocession and before...
Christchurch quake will cost Munich Re one billion dollars
Munich Re said Thursday that the Christchurch earthquake in New Zealand will cost it about one billion Australian dollars (726 million euros, $1.0 billion).
The...
New : Munich Re’s first guarantee for wind power plants
Munich Re is insuring the guarantees which Fuhrländer, a German builder of wind-power plants, is giving its customers. This is the world's first insurance...
Financial results : Munich Re posts profit of over €2.4bn for 2010 and raises dividend to €6.25
German re-insurance giant Munich Re posted Thursday a 2010 net profit of 2.43 billion euros ($3.35 billion) despite heavy losses from natural disasters and...
Australia : flood may be costliest in Australian history
The Queensland floods may cost insurers and reinsurers worldwide as much as $6 billion in what might be Australia’s costliest disaster in history.
Insured losses...
Munich Re warns on climate change
The number of weather-related natural disasters soared last year, providing "further evidence of advancing climate change", according to a major report from reinsurer Munich...
Acquisition : Windsor Health Group successfully acquired by Munich Re Health North America
Munich Re, through its subsidiary Munich Health North America, Inc., has successfully concluded the acquisition of US Medicare provider Windsor Health Group, Inc. (Windsor)...
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