Reinsurance News
Munich Re news
News on one of the world’s largest reinsurance companies Munich Re.
Munich Re is a leading global reinsurance company and our news covers its announcements, people moves, results and financial performance, as well as analysis of reinsurance market trends and interviews.
Swiss Re and Berkshire Hathaway top global reinsurer rankings
18th August 2025
New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world's largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024 figures. AM Best ... Read the full article
Property cat isn’t approaching a pain point, there is no soft market, says Munich Re’s Wenning
8th August 2025
Joachim Wenning, Chief Executive Officer (CEO) of global reinsurer Munich Re, said this morning that there is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Addressing the media after the release of a strong set of quarterly and half ... Read the full article
Munich Re ‘well on track’ to reach annual target with H1’25 result of €3.2bn
8th August 2025
Munich Re, one of Europe's big four reinsurers, has confirmed its record-breaking profit of €2.1 billion for the second quarter of 2025, although for the first half of the year profit fell 15% to a still strong €3.2 billion, as the firm reports a 3.2% decrease in the volume of ... Read the full article
Munich Re Specialty North America promotes Claudia Carnevale to Head of NA Programs
29th July 2025
Munich Re Specialty – North America, part of the insurance operations of global reinsurer Munich Re, has announced the promotion of Claudia Carnevale to Head of North America Programs. In this role, Carnevale will oversee the company’s North America Programs, including dedicated teams serving the U.S. and Canadian markets, as well ... Read the full article
$80bn in H1’25 insured losses marks second-highest on record
29th July 2025
Reinsurance giant Munich Re has estimated that global insured losses from natural catastrophe events reached $80 billion in H1 2025, marking the second-highest H1 figure since its records began in 1980. The $80 billion in insured losses during H1 2025 compares to $64 billion in H1 2024 and is surpassed only ... Read the full article
Jurecka to take over from Wenning at helm of Munich Re
23rd July 2025
Global reinsurer Munich Re has announced the appointment of Dr. Christoph Jurecka, currently the company’s Chief Financial Officer (CFO), as Chair of the Board of Management, succeeding Dr. Joachim Wenning, who is set to retire. According to the announcement, Wenning’s decision to retire is driven by personal reasons. He wishes not ... Read the full article
Munich Re posts €2.1bn Q2’25 net profit amid ‘very low’ major-loss costs in P&C reinsurance
21st July 2025
Global reinsurer Munich Re has reported a preliminary net profit of €2.1 billion for the second quarter of 2025 and a net result of approximately €3.2 billion for the first half of 2025, as the firm benefited from "very low" major loss expenditure in its property and casualty reinsurance operation. The ... Read the full article
Munich Re-backed Squalify expands into US with new client and platform updates
18th July 2025
Squalify, a cyber risk quantification platform supported by reinsurer Munich Re, has entered the US market, securing its first significant customer and releasing updates to its platform aimed at expressing cyber risk in financial terms. The Munich-based company, licensed to use Munich Re’s cyber risk quantification model, is extending its presence ... Read the full article
Mitigation measures can reduce malware risk by 50%–80%: CyberCube & Munich Re
15th July 2025
Patch management, network segmentation, and data backups can reduce the likelihood and financial impact of widespread malware attacks by 50% to 80% when effectively implemented, according to a joint study by CyberCube and Munich Re. The two firms have published key findings from a study on severe cyber accumulation events and ... Read the full article
2024 second consecutive year of ‘very strong’ P&C results for large global reinsurers: Fitch
11th July 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of "very strong" property and casualty (P&C) financial performance in a prolonged favourable market. The insurers in this peer group are some of the largest in the industry, including Hannover ... Read the full article
Munich Re’s ERGO completes full acquisition of NEXT Insurance
1st July 2025
Munich Re Group has finalised the acquisition of NEXT Insurance, integrating it into the management structure of ERGO Group AG, its major primary insurance business. The transaction, announced earlier in the year, was completed with the companies successfully meeting all conditions, obtaining the necessary regulatory approvals, as scheduled. This acquisition marks ERGO’s ... Read the full article
Instnt partners with Munich Re to expand fraud insurance capacity
24th June 2025
Instnt, a venture-backed insurance technology company, has announced a strategic partnership with global reinsurer Munich Re to expand reinsurance capacity for its Fraud Loss Insurance product. Instnt developed this solution to address the heavy burden of fraud on businesses, which cost an estimated $485.6 billion globally in 2023. The Fraud Loss Insurance ... Read the full article
Kevin Johnson named CUO for Munich Re Specialty, North America
3rd June 2025
Munich Re Specialty - North America, part of global reinsurer Munich Re Group's insurance operations, has announced the appointment of Kevin Johnson as its Chief Underwriting Officer (CUO). In his new role, Johnson will be responsible for driving underwriting excellence, strengthening portfolio performance, and contributing to the strategic growth of the ... Read the full article
Munich Re Ventures closes $125m fund from HSB
21st May 2025
After a decade of investing in companies at the intersection of risk and technology, Munich Re Ventures (MRV), the venture capital arm of Munich Re Group, has closed its fifth fund of $125 million from its founding limited partner, HSB. The funding will be used to invest in Built World startups ... Read the full article
Europe’s big four reinsurers still on track to meet ‘ambitious’ 2025 targets, says Fitch
20th May 2025
Although the property and casualty (P&C) operations of reinsurers Munich Re, Swiss Re, Hannover Re, and SCOR were hit by elevated large loss costs in the first quarter of 2025, driven by the historic Los Angeles wildfires, analysts at Fitch Ratings feel the four companies are still on track to ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
