Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: European Reinsurance 1H17 Results Dashboard https://www.fitchratings.com/site/re/902472 LONDON, August 17 (Fitch) Fitch Ratings says in a new report that all four of the major European reinsurers reported lower-than-expected large loss experience in 1H17, which helped them to maintain underwriting profitability. However, on a normalised basis, adjusting for variances from budgeted totals for major losses a
* CFO says has reduced long dollar positions due to scepticism about U.S. political developments in short-term Further company coverage:
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FRANKFURT, Aug 9 German reinsurance giant Munich Re posted a net profit of 733 million euros ($860 million) in the second quarter and said it was on track to meet its profit target for the year.
FRANKFURT Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday.
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FRANKFURT, July 18 Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday.
(The following statement was released by the rating agency) LONDON, July 17 (Fitch) Fitch Ratings has affirmed Munich Reinsurance Company's (Munich Re) Insurer Financial Strength (IFS) Rating at 'AA' (Very Strong) and Long-Term Issuer Default Rating (IDR) at 'AA-'. Fitch has also affirmed the ratings of Munich Re's core operating subsidiaries. The Outlooks are Stable. A full list of rating actions is at the end of this commentary. KEY RATING DRIVERS The affirmation reflects the strength of Munic
BERLIN/FRANKFURT, July 14 The DAX top-30 index looked set to open unchanged on Friday, according to premarket data from brokerage Lang & Schwarz at 0626 GMT.
NEW YORK American Express Co has invested in Next Insurance, a Palo Alto-based technology startup that sells customized insurance for small businesses online, as Silicon Valley companies look to shake up the insurance sector.