Munich Re
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The venture plans to target auto cover before using M&A to expand into other lines.
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The carrier revealed 10.9% premium volume growth at 1.1. -
The move is a response to US sanctions which previously brought construction on the Russia to Europe project to a halt.
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The move is a response to US sanctions which previously brought construction on the Russia to Europe project to a halt.
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Michael Yeats will oversee the carrier’s reinsurance offices in Bogota, Buenos Aires, Miami and Sao Paulo.
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The reinsurer has around a 20% line on the broadcaster’s policy, with Willis Towers Watson acting as the broker.
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The Principles for Responsible Investment were launched in 2006, with Hannover Re, Liberty and Everest Re among other signatories.
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Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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The year was marked by record North Atlantic storms, which put the loss tally more than 40% ahead of mild 2019 experience.
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In its 2025 strategy, the carrier flagged “ample” opportunities in reinsurance and plans to expand in US specialty
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In five years’ time, the risk solutions unit will account for 30% of Munich Re’s P&C reinsurance portfolio.
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