News - Re/Insurance groups

Munich Re issues a EUR 1.25 billion green bond

Munich Re announced the issue of a subordinated green bond, with the volume issued amounting to EUR 1.25 billion. This bond highlights Munich Re's commitment to using the capital markets to help achieve a climate-friendly transformation of the economy.

Toyota Insurance Services to join Swiss Re ADAS risk platform

Toyota Insurance Services* (TIS)/Toyota Insurance Management Europe and Swiss Re are partnering up to further develop the Swiss Re ADAS risk score. TIS is the next partner after BMW Group to join the ADAS risk score platform and will, as part of the partnership, make Toyota and Lexus vehicle data available for the purpose of insurance scoring.

AVIVA Singapore to sell majority stake to local SINGLIFE

British insurer AVIVA annoucend it has sold its Singapore operation to local rival SINGLIFE in a deal that values the unit at GBP 1.6 billion. The UK insurer will retain a 25% stake in the new created business.

LLOYD's appoints US Market Development Director

LLOYD's announced the appointment of Uwe SCHOBERTH as US Market Development Director, a newly created role focused on expanding strategic relationships with retail, wholesale and reinsurance brokers.

CCN To Support Fraud Detection and Subrogation Initiatives

Claims Corporation Network (CCN) and eviid have entered into a partnership in order to support insurance companies and fleet-owners with a capability to reduce bogus (false), or unsubstantiated claims through the use of real time digital imagery allowing detection of manipulated digital media.

Hannover Re anticipates significant price increases in property and casualty reinsurance

Hannover Re expects to see significant price increases spanning the various lines of property and casualty reinsurance in the treaty renewals as at 1 January 2021. The key drivers here are the strains incurred by primary insurers and reinsurers in connection with the Covid-19 pandemic, a further drop in interest rate levels and the large losses recorded over the past three years.

Guy Carpenter: The (re)insurance industry is navigating one of the most significant periods of change in recent times

The (re)insurance industry is navigating one of the most significant periods of change in recent times which is altering perceptions of risk across the sector; the impact of COVID-19, the first globally systemic insurance loss, has put pressure on a marketplace already addressing challenges on multiple fronts, Guy Carpenter said, during media briefing 'The Changing Nature of Risk'.