by AIP Online Bureau | Aug 10, 2022 | International News, Non-Life, Reinsurance
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
by AIP Online Bureau | Jul 29, 2022 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Floods, earthquakes and storms caused overall global losses of some US$ 65bn compared with US$ 105bn in the loss-heavy previous year. At around US$ 34bn, insured losses were roughly in line with previous years Globally, some 4,300 people lost their lives in natural...
by AIP Online Bureau | Jul 12, 2022 | International News, Non-Life, Reinsurance, Technology
By combining forces with SOMPO and Munich Re, global leaders in (re)insurance, Chainproof is positioned to become the world’s leading regulated smart contract insurance provider Chainproof plans to offer licensed, institutional-grade insurance coverage for...
by AIP Online Bureau | Jun 30, 2022 | International News, Non-Life, Reinsurance
As CEO Singapore, Frenz will be responsible for overseeing Munich Re’s long-term growth ambition in this important market, as well as our commitment to being a great employer that is dedicated to developing our diverse talent here.” said Daniel Cossette, Chief...
by AIP Online Bureau | Jun 10, 2022 | Briefs, Health, Life, Reinsurance
With effective from July 1, Munich Re has elevated Akash Gupta as managing director and head, Southeast Asia life and health. Gupta is currently Munich Re’s head of life and health Asia valuation and planning. Based in Singapore, Gupta reports to David Hughes, CEO,...
