Munich Re
-
The carrier attributed the intensification of storms this season to climate change. -
The underwriter has spent his career so far with Talbot.
-
The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
-
Major-loss expenditure doubled to EUR1.6bn for the quarter
-
Assuming Munich Re takes roughly a 3% market share of hurricane losses suggests a ~$20bn industry loss for Helene.
-
The reinsurer said three Canadian loss events in the quarter will lead to similar claim expenditure as Hurricane Helene.
-
The new product adds to its existing portfolio of upstream energy and marine and energy liability business.
-
The carrier is looking to grow its specialty offering across Europe and APAC.
-
How is the market positioned to withstand Hurricane Milton?
-
The Madrid branch will look to begin underwriting primary specialty insurance in 2025.
-
The executive joins Munich Re from Amwins Global Risks.
-
Patrice Michellon, who has spent more than eight years with the reinsurer, will report to Clarisse Kopff.
Most Recent
-
GWP for P&C captives up 12.5% last year: Marsh
30 June 2025 -
Howden Re names Richardson exec chair as Fox exits
30 June 2025 -
Ardonagh completes $2.5bn Stone Point-led investment
30 June 2025