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By Staff Writer |
December 8, 2011
Global reinsurer Munich Re says it expects its share of losses from flooding in Thailand to be around €500 million ($666.1 million at current exchange rate) net before tax.
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By Mark E. Ruquet, PropertyCasualty360.com |
November 28, 2011
Insurers can play a vital role in the development of renewable energy by producing risk-transfer programs and making corporate investments themselves, says insurer Munich Re.
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By Juergen Baetz, Associated Press |
April 21, 2011
In financial terms, nuclear incidents can be so devastating that the cost of full insurance would be so high as to make nuclear energy more expensive than fossil fuels.
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By Caroline McDonald, PropertyCasualty360.com |
April 7, 2011
An insurance consortium for energy coverage introduced in light of the Deepwater Horizon event may not be a large source of coverage for major oil companies, which are likely to continue self insuring and purchasing only modest amounts of coverage, according to a Moody’s analyst.
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By Mark E. Ruquet, PropertyCasualty360.com |
January 3, 2011
Let's just say, for the sake of argument, that the climate change critics are right--that climate change, aka global warming, is junk science.
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By Caroline McDonald, PropertyCasualty360.com |
January 3, 2011
Aon Benfield has agreed to serve as placement advisor to a new sudden oil spill consortium, formed to deliver larger liability limit coverage for deepwater drilling in U.S. waters, Aon and Munich Re announced late last month.
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By Caroline McDonald, PropertyCasualty360.com |
December 21, 2010
Aon Benfield has agreed to serve as placement advisor to a new sudden oil spill consortium formed to deliver larger liability limit coverage for deepwater drilling in U.S. waters, Aon and Munich Re announced.
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By Mark E. Ruquet, PropertyCasualty360.com |
September 13, 2010
Despite severe losses during the 2010 first quarter, reinsurance rates are expected to remain soft through Jan. 1 renewals, but much depends on loss activity during the course of this year, two recent reports said.
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By Caroline McDonald, PropertyCasualty360.com |
September 13, 2010
With the Deepwater Horizon disaster still looming over the industry, insurers must be able to better deal with losses and damages arising from offshore drilling operations, Munich Re said in a press conference here.
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By Mark E. Ruquet, PropertyCasualty360.com |
August 4, 2010
Munich Re reported that 2010 first-half net income rose 6 percent on the strength of investment income that rose 43 percent, but the Munich, Germany-based insurer warned that claims losses may cause challenges going forward.
