Munich Re
-
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.
-
Munich Re's core message this year is that its risk appetite is “quite stable”.
-
Plus the latest people moves and all the top news of the week.
-
Scor disclosed L&H troubles while Swiss Re continued reserving for US casualty.
Most Recent
-
Insurers and reinsurers must innovate in cyber to achieve desired growth
03 September 2025 -
Skyward Specialty to acquire Apollo for $555mn
02 September 2025 -
Frequency covers and attachment points focus of 1.1 talks: Gallagher Re
02 September 2025 -
TransRe adds to specialty unit with Axa XL’s Swillman
02 September 2025 -
Sompo ratings placed under positive review by AM Best
02 September 2025 -
Coverys Ltd adds Littlemore and Farnworth to board
02 September 2025