Munich Re News

Brokers Packaging Cybersecurity with Cyber Insurance

Insurance retailers are teaming up with tech wizards to sell cybersecurity along with cyber coverage as a means of trimming premiums and winning over customers in a vastly underserved market: small and mid-sized businesses. Coalition, a San Francisco managing general …

Business News: Greenlight Re, Ontellus, Munich Re

Greenlight Re Invests in Handdii Greenlight Re Innovations, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has investment in Handdii Pty Ltd., a property insurance claims fulfillment platform. Handdii, an insurtech based in Melbourne, Australia, provides …

CNA, QBE, Arcadia Settlements Make Personnel Changes

CNA Taps QBE Lawyer for General Counsel Post CNA has appointed Jose Ramon Gonzalez as executive vice president and general counsel. Gonzalez will serve as the principal counsel for the Chicago based carrier, responsible for legal affairs, compliance, regulatory and …

Munich Re Tool Allows Fast Post-Disaster Damage Assessments

Munich Re had teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed up claims payments. Roman Buegler, head of Munich …

Boeing Crashes Leave $450 Million Bill for European Insurers

Europe’s biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co. 737 Max planes. Munich Re reckons it could pay 150 million euros ($168 million), an estimate that Chief …

Ethiopian Crash Could be Largest Non-War Aviation Reinsurance Claim: Willis Re

LONDON — Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said. The crash of …

People News: Munich Re, Crawford & Company, IFG

Munich Re, US Appoints Kerner CEO of New Munich Re Specialty Insurance Unit Munich Reinsurance America, Inc. (Munich Re, US) announced today the appointment of Michael Kerner as chief executive officer for Munich Re Specialty Insurance, a new commercial insurance …

Business News: Munich Re, LexisNexis Risk Solutions, Independent Life Assignment Company

Munich Re Introduces Smart Mobility Program to Reduce Auto Fleet Collisions Munich Reinsurance America, Inc. unveiled its Smart Mobility Program offering a toolbox of solutions to address the complex issues surrounding commercial auto losses and to help reduce or avoid …

Business News: JLT Specialty USA, Betterview, The Institutes, CapSpecialty

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has chosen Chicago as its U.S. headquarters. The Chicago office is located at 225 West Wacker on the …

HSB Survey: Half of U.S. Businesses Have Been Hacked

More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives released today by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. …