Munich Re
-
The sale represents a 4% stake in the UK motor insurer, according to Jefferies. -
Alan Norris’s colleague Ian Ritchie has joined Munich Re Syndicate after Talbot exited contingency following heavy pandemic losses.
-
The preliminary result was achieved despite EUR600mn losses from Bernd damages, as well as EUR1.2bn losses from Hurricane Ida.
-
The carrier also cited increasing continental cyber losses as a factor in continued market hardening.
-
Munich Re’s venture capital arm Munich Re Ventures has closed a $500mn Munich Re Fund II to invest in early-stage companies.
-
Analysis of financial data shows that the last decade has seen a marked increase in the proportion of premiums ceded by carriers in all sectors.
-
In his new role, Michael Cusition will report to David Sankey, head of Marine at Atrium.
-
Munich Re board member Stefan Golling said he expected market discipline to continue and expressed optimism about the US casualty market.
-
The intensity of recent cat activity in the US, Japan and Europe means the market is positive for reinsurers, the executive said.
-
Despite some rate tapering, the two German reinsurers are expanding premium, as all four carriers enjoyed North American rate increases.
-
The reinsurer said European property reinsurance rates may "catch up" with global rates in the wake of the disaster.
-
The carrier benefited from a shrinking of large losses and strong investment returns.
Most Recent
-
Daily Digest: Top news from 23 May
23 May 2025 -
Atradius exploring Lloyd’s syndicate launch
23 May 2025 -
Lockton’s VP of TL Campbell to depart
22 May 2025