Munich Re
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Improvements in pricing are not enough to match the spike in loss costs.
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His comments came shortly before Munich Re raised the curtain on its latest $250mn investment, Next Insurance. -
The upbeat assessment comes despite "high major-loss expenditure".
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The Munich Re Syndicate group legal counsel passed away last week.
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The German reinsurer’s stance adds to evidence that certain energy assets are fast becoming uninsurable.
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The Bavarian carrier is slated to remain an investor in the InsurTech after the reinsurance change at 1.1.
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The executive moves from the role of regional leader of professional liability and cyber reinsurance.
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The executive left Canopius after its suprise retreat from London-based open market PI and FI business last year.
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Tokio Marine is likely to retain a significant portion of Pure’s $666mn of 2018 ceded premium net.
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The Series C round implies a “unicorn” valuation for the InsurTech of over $1bn.
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The head of underwriting development gives further detail on the launch to The Insurance Insider.
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Munich Re Innovation Syndicate will start underwriting on 1 January 2020.
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