- Briggs steps down at Aviva-other senior management changes
- Fitch says US property/casualty(P/C) industry returned to a modest statutory underwriting profit in 2018
- Willis Reinsurance Index down 10% to $335.7bn at 2018 year-end
- Hiscox Cyber Readiness Report 2019 indicates sharp increase in the number and cost of cyber attacks is the key finding in a study of more than 5,400 organisations across seven countries
- Consumer Intelligence survey highlights UK customers overwhelmed by insurance information
- FCA publishes Feedback Statement summarising the responses received to its Discussion Paper - ‘A duty of care and potential alternative approaches’
- Majesco reports its annual customer conference crushed attendance records-announces partnership with DataRobot expired
- Majesco announces wide range of ready-to-use partner apps available in the Majesco Digital1st EcoExchange marketplace expired
- S&P Global Ratings and Guidewire Software announce increased collaboration to inform cyber security factors expired
- AmeriTrust chooses Xponent Underwriting Workstation from Intellect SEEC for underwriting transformation expired
- Travelers reports strong first quarter expired
- Trust Re holds AGM and welcomes new ceo expired
7th November 2018
Munich Re on track
In the nine months, Munich Re posted a profit of E2,038m and is thus on track to achieve its profit target of E2.1–2.5bn.
There were high losses in Q3 owing to Typhoon Jebi and Hurricane Florence(around E300m each).
Profit guidance for ERGO has been raised to at least E350m, following a good nine months.
Jörg Schneider, cfo, comments “This good Q3 result puts us on track to achieve our profit target for 2018–despite a series of major natural catastrophes still continuing in the fourth quarter. The benefits of first-class primary insurance and reinsurance cover become apparent in times of climate change and growing economic risks.”There was robust growth in property-casualty reinsurance."
Munich Re Trends(436 articles)