Tag: Natural disasters

Munich Re exceeds expectations

Munich Re boss Joachim Wenning The Group continues to focus heavily on the natural catastrophe insurance business. (Photo: Munich Re) Munich Munich Re started the year with a surprisingly high…

Hannover Re expects these price increases

fender bender There are more people on the streets again. As a result, more accidents happen. (Photo: imago stock&people) Baden-Baden The world’s third-largest reinsurer, Hannover Re, believes it is necessary…

Reinsurers face major challenges

Frankfurt Thomas Blunck sees his industry faced with major challenges in view of the extreme inflation, rising interest rates and the slide in prices for capital investments. “The situation in…

Christian Mumenthaler on climate change & prices

Christian Mumenthaler Christian Mumenthaler, CEO of the reinsurer Swiss Re, believes that the increasing natural catastrophe losses are still insurable. (Photo: Swiss Re) Frankfurt, Zurich Reinsurers around the world are…

These factors could continue to weigh on reinsurers

floods in Australia Already in the first half of the year, reinsurers are reporting high losses from natural catastrophes. (Photo: IMAGO/AAP) Frankfurt Due to high losses from natural catastrophes and…

Many lessons – few measures

Ahr Valley, Erftstadt When storm “Bernd” caused devastating floods in the Ahr Valley, Erftstadt and other regions almost a year ago, it was initially eerily quiet in the Zurich Insurance…

Allianz suffers from severe natural disasters

Munich In the first quarter, Allianz recorded the highest claims burden from natural catastrophes in ten years. Flooding in Australia and storms Zeynep and Ylenia in Europe weighed heavily on…

Hannover Re confirms profit target

Hannover Re Reinsurers are currently confronted with the consequences of the war and the pandemic, but also with losses from natural catastrophes. (Photo: dpa) Frankfurt Despite higher losses from natural…