Hints and tips:
...What does is how quickly Dier has adjusted to life in Munich. Just check out his new accent....
...A recent Munich Re report looking at America’s wildfire issues notes “similar developments can be seen in many parts of the world, including the European Mediterranean region or parts of Australia....
...Across its reinsurance business, Munich Re has paid out almost €4bn of claims due to the pandemic, particularly in areas such as event cancellation and business interruption....
...The second quarter, in particular, saw a material increase in claims in South Africa and India, Munich Re said. Covid-related claims in Canada, Europe and Latin America were low by comparison....
...The new deal allows Covea both to expand its geographical reach, as just over half of PartnerRe’s premiums come from North America, as well as giving it a sizeable reinsurance business: PartnerRe took in...
...Goodwin is opening an office in Munich, which will be chaired by Jan Schinköth, a private equity partner at the firm....
...In the US, where flooding is the most common and costly natural peril, at most 15 per cent of homeowners are insured, says Munich Re....
...Its flood reinsurance scheme, by contrast, involves a £180m levy on insurers, which pass the costs on to customers....
...One thing to start: Wirecard’s former chief executive Markus Braun has been formally charged by Munich public prosecutors with fraud, breach of trust and accounting manipulation after a 21-month criminal...
...With the acquisition of Greyhound, Munich-based FlixMobility will almost double the number of global destinations it serves to just under 5,000....
...While some global business leaders are embracing the opportunity to help drive the new economic agenda, others like Joachim Wenning, chief executive of reinsurance giant Munich Re, feel a growing sense of...
...Goodwin has hired Oded Schein as a partner in its Munich tax practice. He joins from Kirkland & Ellis....
...Zurich-based Swiss Re, the reinsurance company, launched its first global insuretech accelerator programme in Bangalore....
...Nent’s US venture has some similarities with BritBox US, a BBC Studios and ITV joint venture that has attracted about 1.5m subscribers since it launched in America three years ago....
...Munich Re, the world’s largest reinsurer, has ditched a share buyback programme, partly so it has the financial firepower to back new business at higher prices....
...Shares in Swiss Re and Munich Re rose gradually through the second half of 2019, while Covéa has paid far more for PartnerRe than the $6.9bn paid by Exor, the investment company controlled by the Agnelli...
...Share prices of companies such as Swiss Re, Munich Re and Scor — all rivals to privately held Partner Re — have been rising since the middle of last year....
...German reinsurers Munich Re and Hannover Re are up 16 per cent and 26 per cent respectively, compared with a 14 per cent rise in the Stoxx Europe 600 index....
...Private equity group PAI Partners named Ralph Heuwing as a partner and head of Germany, Austria and Switzerland in its Munich office....
...He has already bought a company in Australia and completed a reinsurance deal with Symetra, a US-based financial services company, which was announced in 2018....
...Claims from 9/11 on policies spanning property, aviation, liability, life assurance, business interruption and many more lines of cover totalled $40bn, according to leading reinsurance group Munich Re....
...The Fed has gone beyond “America First” to stabilise the financial system, writes Gillian Tett. (FT) Are we headed for a credit crisis?...
...A breakdown put pre-tax loss estimates from events in Asia at a range between $900m to $1bn, while those in North America were estimated to range between $600m to $700m “We are pleased that our efforts...
...The recent conclusion of S&P Global Ratings was that the global reinsurance industry will barely cover its cost of capital this year: In 2017, the reinsurance sector generated returns on capital of only...
...Passengers arriving in Philadelphia today on two American Airlines flights from Paris and Munich were evaluated by medical personnel after some complained of flu-like symptoms....
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