Munich Re eyes growth – and threats – in cyber space

Munich Re eyes growth – and threats – in cyber space

Munich Re eyes growth – and threats – in cyber space

Munich Re backpedalled a little on its corporate specialty business last year, but still wants to grow its portfolio in the longer term, especially in cyber space, according to comments made in the global reinsurer’s earnings call with analysts. Board member Torsten Jeworrek told analysts that the €4.8bn premium share from its risk solutions segment was down from €5bn. The…

BHSI offering stability to risk managers in volatile market

BHSI offering stability to risk managers in volatile market

BHSI offering stability to risk managers in volatile market

As many international corporate and commercial insurers struggle to find a way to make a decent return and deliver growth, Berkshire Hathaway Specialty Insurance seems to be able to buck the trend and continue to surge forward without making acquisitions. Adrian Ladbury asks: how and why is this possible? The continued process of consolidation and mergers and acquisitions [M&A] in…

AIG pulls out of CEE local business and much of Latin America: Remains committed to multinationals

AIG pulls out of CEE local business and much of Latin America: Remains committed to multinationals

AIG pulls out of CEE local business and much of Latin America: Remains committed to multinationals

AIG is selling its businesses in central and eastern Europe (CEE) and much of Latin America to Fairfax Financial Holdings Ltd in a deal that will see the US giant stop writing local business in these territories, but it still plans to provide full access to these markets for multinational clients via a network partnership with the Canada-based insurer.

AGCS up for renewal in Germany and beyond

AGCS up for renewal in Germany and beyond

AGCS up for renewal in Germany and beyond

Dr Christopher Lohmann knows Allianz well. he has worked at Allianz Global Corporate & Specialty (AGCS) for more than three and a half years, bringing his total stint at Allianz Group to 17 years. Last year, his remit as AGCS’s CEO of central Europe – Germany, Switzerland and Austria – was expanded to include eastern Europe. Dr Lohmann now covers 17 markets in eastern Europe, of which nine are a big focus/

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