Munich RE
International insurance fund to help islands that face being wiped off the map
Hundreds of tropical islands that face being wiped off the map by rising seas and more frequent storms could be helped by a new...
Munich Re reports strong quarterly results
Leading reinsurance group Munich Re reported strong quarterly results on Tuesday and raised its forecast for net profit for the year to 2.4 billion...
Acquisition : Munich Re to acquire Windsor Health Group
Munich Re has agreed to acquire Windsor Health Group, Inc. (Windsor). The planned purchase is a further step in Munich Health’s strategy to strengthen...
Monaco : Reinsurers float $20 billion plan for BP-type blowout
A scheme floated here at an annual meeting of giants in the insurance industry could come up with a 20-billion-dollar insurance payout if an...
Reinsurance : Munich Re sees stable prices for risk cover
Stable prices and conditions predicted by Munich Re in negotiations held with insurance companies for risk cover from Jan 2011 on
Board member Torsten Jeworrek...
Investments rescue Munich Re’s quarterly earnings
German insurance group Munich Re posted a better-than-expected second quarter net profit on Wednesday owing to earnings from investments, and raised slightly a full-year...
German banks, insurers may lend Athens 1 billion euros
Deutsche Bank and insurers Allianz and Munich Re could lend Greece one billion euros (1.3 billion dollars) on the same terms as a EU-IMF...
Munich Re says recent disasters won’t blow it off course
Germany's Munich Re, the world's biggest reinsurer, said on Wednesday it was confident of a strong 2010 despite claims from the Chilean earthquake and...
Munich RE warns about the rising cost of climate change
Natural disasters linked to climate change could cost the insurance industry billions of dollars in extra settlement payments every year, German insurance giant Munich...
Munich Re says 2009 profit up 62 percent
The world's biggest reinsurer, Munich Re, said Tuesday that net profit soared 62 percent last year but added that it would probably not do...
Warren Buffett raises stake in Munich Re
US investor Warren Buffett has raised his holding in Munich Re, the world's leading re-insurance company, a statement to financial markets said on Thursday.
Buffett...
Munich RE sees 2010 ROI below 4%
German reinsurer Munich RE Wednesday still expects return on investment for 2010 that is noticeably below 4%, its Chief Executive Nikolaus von Bomhard said.
The...
Munich Re sees catastrophe bond Market back to normal
The catastrophe bond market staged a recovery in 2009. With no new bonds being issued at the end of 2008 in the wake of...
2009 a ‘benign’ year of natural disasters
"We made it through the year with a minimum of natural disasters", German re-insurer Munich Re said on Tuesday, but climate change still threatens...
Munich Re assists to place $225 million Zurich Financial cat bond
Munich Re has assisted Zurich Financial Services Group in a US$ 225m catastrophe bond transaction that transfers the risk of severe earthquakes in California...
PERILS announces the placement of the first two insurance risk transactions
PERILS AG, the independent Zurich-based company established to aggregate and provide industry-wide European catastrophe insurance data, has today announced the placement of the first...
World climate summit in Copenhagen
The world climate summit in Copenhagen is the 15th annual meeting of the 192 signatory states of the UN Framework Convention on Climate Change....
Munich RE shows that in particular poor countries are severely affected by climate change
Bangladesh, Myanmar and Honduras were the countries most severely affected by extreme weather events from 1990 to 2008, according to a climate change risk...
Munich RE acquires further shares in ERGO
Munich Re has acquired further shares in ERGO Versicherungsgruppe AG (ERGO) from Bayerische Hypo- und Vereinsbank AG (HVB) via an investment company.
This acquisition increases Munich Re’s...
Munich RE announces insurance-linked securities back in business
Following a short, sharp slump in demand, insurance-linked securities are back in business. Apart from a temporary increase in price, the financial crisis has...
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