Munich Re
Munich Re is a multinational insurance company based in Germany. They are one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world
See below for the Latest Munich Re News, Analysis, Profit Results, Share Price Information, and Commentary.
Munich Re’s net profit soars 40.6% YoY in Q2 2024
The company hopes to reach $5.5b by the end of the year.
Munich Re’s net profit soars 40.6% YoY in Q2 2024
The company hopes to reach $5.5b by the end of the year.
Munich Re Korea gets new CEO
His role is effective 1 August.
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
Munich Re’s technical performance boosts market position
The reinsurer reported a strong net income of $2.3b in Q1.
Munich Re's capitalisation exceeds strongest requirements
Munich Re reported a net profit of $5.02b in 2023.
Insurance revenue climbs 5.5% YoY in Munich Re's Q1’24
Man-made major losses rose to $451m, the largest being the bridge collapse in Baltimore.
Munich Re projects $2b net profit in Q1’24
It forecasts a net profit of €5b for the year, 9% higher than 2023.
Munich Re's regional restructuring focuses on P&C business
New leaders have been selected for Japan, Korea, and India.
Cyber risks escalate with ransomware on the rise: Munich Re
Global cybercrime costs will reach $13.8t by 2028.
Munich Re HealthTech taps Bilal Ramadan as CEO
Ramadan succeeds Gerry Raftopoulos, who served the HealthTech arm for 28 years.
Munich Re records $3.9b profit in 9M23
The German reinsurer has been following the new reporting standards IFRS 9 and 17.
Munich Re’s preliminary net operating performance saw $1.3b, higher than expected
P&C business saw major dips, lower than expected.
Moody’s RMS assembles cyber insurance steering group
It includes industry giants such as Munich Re and Gallagher Re.
Risk professionals and strong financials are needed for reinsurance volatility
Risks in the reinsurance market are evolving, forcing the industry to innovate and leverage technology.
Less than half of APAC’s natural disasters were insured in the first semester 2023: Munich Re
Calamities that occurred during the period reaped losses worth $7b.
Munich Re profits reach $3.62b in profit
The insurer beat its profit guidance of $3.3b.
Munich Re appoints Surbhi Goel as head of property & casualty in SG, SEA
She has over 20 years of experience.
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
