Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and suppliesLufthansa Group is cancelling 20,000 short-haul flights until October. This move aims to save jet fuel amid soaring oil prices. The war in ...
Bayern on cusp of title as Dortmund lose, Eta beaten on debutBayern Munich is close to winning the Bundesliga title. Borussia Dortmund lost to Hoffenheim, giving Bayern a significant lead. Union Berli...
Iran's ousted Shah’s son rejects US ‘regime change’ claim, says Tehran still under same rulersReza Pahlavi, son of Iran's ousted Shah, stated that Iranians still need to free themselves from their religious rulers, even after a cease...
Surbhi Goel to be appointed first female CEO of Munich Re IndiaMunich Re, a global provider of reinsurance, primary insurance and insurance-related risk solutions has announced the appointment of Surbhi...
Munich Re tightens term insurance underwritingBuying high value term insurance will require proposers to not just provide proof of income but also salary statements. Reinsurance giant M...
French cover major AXA to exit coal by 2040AXA also targets to contain the warming potential of its investments to below 1.5°C by 2050. As part of this objective, the Group will doub...
HDFC in talks to buy Apollo Munich insurance for Rs 1,000 croreApollo Munich is a joint venture between Chennai-based Apollo Hospitals promoted by Prathap C Reddy and his family and Munich Re.
Munich Re to open reinsurance branch office in MumbaiMunich Re is one of the first foreign reinsurers to receive approval for a dedicated branch in India following the 2015 amendment of the In...
IRDAI to meet to accord approval to foreign re-insurersGermany's Munich Re and Hannover Re, Swiss Re from Switzerland, SCOR of France, and the UK-based Lloyd's are looking to foray into Indian m...
Munich Re to buy additional 23.27% stake in Apollo Munich Health Insurance for Rs 163 croreMunich Re is buying an additional 23.27% stake in Apollo Munich Health Insurance from its joint venture partner, the Apollo Hospitals Group.
Global reinsurance companies rethink India entry plans"GIC Re being an Indian reinsurer should enjoy preference in the order of cessions by Indian insurers," IRDA said in the exposure draft.
- 2011 costliest year for insurers with over 820 loss relevant events
With over 820 loss relevant events, 2011 became the costliest year for insurance industry in terms of natural catastrophe losses.
- Japan tsunami may hit Munich Re profit, but no rate rise seen
Munich Re's provisional estimate suggests it will have to pay Rs 9,590 cr for the losses in Japan, as a result of which its profits will be...
- Buffett takes stake in Munich Re
US investor Warren Buffett holds just over 3 percent of leading reinsurer Munich Re AG, the German company said Tuesday.
- Munich Re buys Lloyd's insurer
Munich Re AG, the world's second-largest reinsurer by gross premiums, said Monday it is buying UK-based MSP Underwriting Ltd. for a price t...
- Munich Re eyes India JV to enter direct insurance
Munich Re, the world’s second-largest reinsurance company, is eyeing the direct insurance market in India through the joint venture route.
- Munich Re wary of insurance war
The world’s leading reinsurance company, Munich Re has warned that it will cut off support to Indian insurers if they go overboard in lower...