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"In view of the financial crisis, the result for 2008 is satisfactory," said J?rg Schneider in a statement. "Thanks to our pronounced risk management and a diversified investment portfolio, we have

As American International Group announced the sale of its Hartford Steam Boiler unit to Munich Re Group in a deal worth $742 million--$458 million less than the carrier paid for HSB back in 2000--AIG's

NEW YORK--Reinsurers are entering a hard market, a reinsurance company executive predicted yesterday, admonishing industry peers to get it right this time and to work to sustain whatever level of profi

In a statement, Munich Chief Financial Officer J?rg Schneider said, "The 2008 financial year is proving difficult on account of the financial crisis, but the Munich Re Group is acquitting itself well

Munich Re's chief executive said his company is interested in reviewing some assets of American International Group for possible acquisition and that the credit crisis is already working to push up re

Investment results fell nearly 37 percent compared to the second quarter of 2007, dropping to EUR1.6 billion ($2.5 billion) from EUR2.5 billion ($3.9 billion). The quarter included EUR889 million ($1.4 bill

Munich Re said in a statement that because of capital market turmoil--steep falls in share and bond prices--it expects its profit to be below an expected range of EUR3 billion to EUR3.4 billion ($4.71 billi

Highline--a unit of Summit Business Media, the parent of National Underwriter--reported that Munich American Holding Group, as of the first quarter, had combined Fannie Mae and Freddie Mac investments