Munich Re
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Munich Re has also temporarily stopped underwriting Jetty policies. -
Swiss Re and Munich Re are both on risk for the $800mn Tokyo Olympics contingency policy.
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Marsh is now seeking new carriers to cover pandemics as demand for its PathogenRX product rises.
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Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
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Large losses push the group fourth-quarter result below expectations.
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The insured loss total is more than one third down on the 2018 tally of $80bn.
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The MGA will initially write mid-market cyber and professional liability business.
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The executive will work alongside Diane Link, who joined Munich Re Specialty Insurance in April.
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Suramericana is facing at least $150mn in claims from civil unrest in Chile over the last six weeks, the company has confirmed.
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The new executive will oversee all of the group’s US financial operations.
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Improvements in pricing are not enough to match the spike in loss costs.
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His comments came shortly before Munich Re raised the curtain on its latest $250mn investment, Next Insurance.
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