Allianz, the lead reinsurer for the two Malaysia Airlines flights lost this year, is also the main underwriter for the AirAsia passenger jet missing with 162 people on board.

Munich Re posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed-income investments.

Munich Re posted third-quarter profit that missed analyst estimates as low interest rates eroded returns from its fixed-income investments.

Allianz SE named board member Oliver Baete to succeed Michael Diekmann as chief executive officer as Europes biggest insurer grapples with upheaval at Pacific Investment Management Co.

A novelty at this years Oktoberfest in Munich is an online casualty insurance with $63,500 in accident cover.

The worst reinsurance market in memory looks set to carry into 2015, industry executives said.

Insurers in Europe, which manage about $11.2 trillion of client money, say their role as long-term investors may be hurt by new regulation.

Munich Re, the worlds biggest reinsurer, reported second-quarter profit that missed analyst estimates, hurt by claims linked to a snowstorm in Japan. The shares dropped the most in three months.