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News from AXA, Aon Benfield, Munich Re and more.
News from the Coalition Against Insurance Fraud, Generali Group and more.
It won’t take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes.
Gains from selling investments and currency effects following the U.K.’s Brexit vote in June helped offset higher claims in the quarter.
The plan for Ergo's operations includes cutting 1,835 jobs, or about 13% of the Dusseldorf-based company’s workforce in Germany.
Nine out of 10 risk managers reported that their companies had a data breach last year, but many still don't have Cyber coverage.
Munich Re’s new profit target of $2.6 billion now includes restructuring costs at the Ergo primary-insurance unit.
Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected.
Munich Re expects profit to decline this year as falling prices for its products and low interest rates weigh on investment earnings.
Wenning, 51, is currently a board member with responsibility for life reinsurance and human resources.
Insurance Industry Charitable Foundation plans to open chapters in Seattle, Houston and Kansas this year.
Munich Re named Andreas Kleiner to lead American Modern Insurance Group, the U.S. unit that is reshaping its business mix after the departure of its...
Munich Re’s American Modern Insurance Group is retreating from the business of providing protection to mortgage lenders on U.S. homes in which borrowers have...
Munich Re, the world’s second-largest reinsurer, rose the most since November 2011 after announcing a dividend that beat expectations.
Reinsurance companies have been struggling to keep their pricing power in a multi-year price decline driven by an over-supply of reinsurance capacity and weaker demand...
Costs from natural catastrophes fell last year to the lowest level since 2009.
Warren Buffett’s Berkshire Hathaway Inc. further reduced its stake in Munich Re as the billionaire investor re-evaluates the attractiveness of the reinsurance market.
News from Marsh, USI, NAPSLO, IMCA and more.
Munich Re and Marsh & McLennan Cos. introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing.
It's all about location, a federal district court said, finding that a rental truck was principally garaged in Virginia, not Maryland, increasing insurance coverage to $2 million from $75,000.
Higher non-catastrophe weather-related losses and higher-than-expected losses associated with auto bodily injury weighed on results.