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Munich Re names Steven Chang Chief Exec. non-life, Greater China

Munich Re has promoted Steven Chang to the role of Chief Executive, Greater China, which will see him lead the reinsurance giant's non-life business and operations across mainland China, Taiwan, Hong Kong and Macau.Steven Chang first joined Munich Re in 1997 and helped to build up its operations in the read the full article →

Munich Re lifts Eden Re II sidecar to $300m for 2019

Reinsurance giant Munich Re has increased the size of its Eden Re II Ltd. fully collateralised sidecar vehicle to $300 million for 2019, the same amount of capital markets backed retrocessional reinsurance support the reinsurer received through the sidecar vehicle last year.Munich Re returned to the capital markets in December read the full article →

Munich Re in $86.8m Eden Re II 2019 reinsurance sidecar issuance

German reinsurance giant Munich Re has completed its first placement of collateralised reinsurance sidecar notes for 2019, with the sponsorship and placement of an almost $86.8 million tranche of Series 2019-1 participating notes from its Eden Re II Ltd. sidecar vehicle.Munich Re has been tapping the capital markets for retrocessional read the full article →

Munich Re simplifies at Lloyd’s, sells MSP Underwriting to Cincinnati Financial

Global reinsurance giant Munich Re is to simplify its operations in the Lloyd's of London market by selling its MSP Underwriting business which operates through Beaufort Underwriting Agency Limited and underwrites for Lloyd's Syndicate 318, to U.S. re/insurer Cincinnati Financial Corporation.The move will leave the reinsurer with its own branded read the full article →

Munich Re redeems another tranche of Eden Re sidecar notes early

Reinsurance giant Munich Re has redeemed another tranche of notes from its Eden Re series of collateralized reinsurance sidecar issuances early, which may again be related to the loss activity of 2017's hurricanes and other catastrophe events.Munich Re's Eden Re sidecar series was hit by the catastrophe events of 2017, read the full article →

Munich Re refocusing on risk + tech + experience?

There are signs that the world's largest reinsurance firm Munich Re is beginning to refocus and reposition itself, intending to concentrate on its core areas of expertise in risk management, risk transfer and risk bearing, alongside a newer developed focus on technology.The transformation of the reinsurance business model has been read the full article →

Munich Re takes Eden Re II reinsurance sidecar to $300m for 2018

Reinsurance giant Munich Re has sponsored a second issuance for 2018 from its latest collateralized reinsurance sidecar, with a $216.34 million tranche of Series 2018-1 Class B participating notes issued by its Eden Re II Ltd. sidecar vehicle, taking the total size of the 2018 issuance to $300 million.Munich Re's read the full article →

Munich Re in $83.7m Eden Re II 2018 reinsurance sidecar placement

Munich Re has successfully sponsored and placed an almost $83.7 million tranche of Series 2018-1 participating notes from its Eden Re II Ltd. collateralised reinsurance sidecar vehicle with investors, as it sets up its retrocessional sidecar facility for the coming year.Munich Re has been tapping the capital markets for retrocessional read the full article →

Munich Re redeems another Eden Re II sidecar tranche

Global reinsurance giant Munich Re has made a second early redemption of sidecar notes, redeeming the $75.578 million Class A tranche of the Eden Re II Series 2016-1 collateralized sidecar vehicle, which we’re again told is likely due to commutation of underlying retrocession contracts following losses suffered from recent catastrophes.Just read the full article →

Munich Re redeems one Eden Re II sidecar, discusses commuting another

Reinsurance giant Munich Re has made an early redemption of the two classes of notes from its $290 million Eden Re II Series 2015-1 collateralized sidecar vehicle, which we're told is likely due to commutation of underlying retrocession contracts following losses from recent catastrophe events.The late 2014 issuance from the read the full article →