Munich Re appoints two new heads
Munich Re has appointed Daniel Cenzano as the Head of Global Business Communications, and Stephanie Weiler as the Head of Read more
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Extreme storms, wildfires and droughts cause heavy nat cat losses in 2018: Munich Re
Munich Re released a report of major losses incurred in 2018. Here is an overview of the losses incurred in Read more
Munich Re generates profit of €728m in second quarter
Munich Re has generated profit of €728m in second quarter. Announcing the quarterly result Joachim Wenning, Chairman of the Board Read more
HDFC close to buying Apollo Munich Insurance for Rs. 1,000 cr
The country’s largest mortgage lender Housing Development Finance Corp. (HDFCNSE) is in advanced talks to acquire Apollo Munich Health Insurance Read more
Munich Re eyes purchasing London Property, which may become UK HQ
Munich Re, the world’s largest reinsurer, is in talks to acquire a plot that has approval for one of the Read more
Munich Re to pay stable dividend of €8.60 per share despite high hurricane losses – Slight improvement in reinsurance prices
Munich Re achieved a result of €392m in 2017 – thus attaining the adjusted “small profit” forecast it had projected Read more
General Insurance Corporation now eyes global buys
India’s national reinsurer General Insurance Corporation (GIC Re) is considering acquiring a Lloyds Syndicate member as a stepping stone to meet its ambition of being among the top five reinsurers globally.
Health claim approvals should be instant like credit cards: Apollo Munich Health CEO
When asked about targets, most insurance CEOs talk about scale. Antony Jacob, 52, CEO of Apollo Munich Health — a joint venture between Apollo Hospitals and Munich Re — has a different approach. Read more
Superstorm Sandy tops 2012 insurance claims
Natural disasters cost insurers USD 65 billion last year, with the United States accounting for nine-tenths of the bill and Superstorm Sandy prompting payouts of USD 25 billion, a leading insurance company said. Read more
Munich Re eyes flat reinsurance prices, economy risk
Munich Re expects reinsurance prices and conditions will be largely stable when it renews billions of euros worth of contracts with its insurance company clients at the start of 2013, though economic risks complicate the outlook.
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