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- German group plans USD555m African solar project
- A group of 20 German firms including Munich Re, Siemens, RWE and Deutsche Bank are planning to invest EUR400bn (USD555m) to develop solar power projects in Africa, according to German newspaper Sueddeutsche Zeitung. The projects would be located in northern Africa and the Middle East and most likely...
- Articles 2009-06-16
- Desertec initiative plans solar thermal projects
- A group of 12 companies are setting up the Desertec Industrial Initiative DII which plans to develop solar thermal plants in Europe, the Middle East and North Africa. The initial participants in the initiative include ABB, Abengoa Solar, Cevital, Deutsche Bank, E.ON, HSH Nordbank, MAN Solar Millennium, Munich Re,...
- Articles 2009-07-13
Additional Resources
- Munich Re subsidiary Munich Re America said it has entered a definitive merger agreement with stop-loss insurer Cairnstone Inc. via its operating division Munich Re America Healthcare.(Reinsurance)(Munich Reinsurance Co.)(Brief article)
- MUNICH RE subsidiary MUNICH RE AMERICA said it has entered a definitive merger agreement with stop-loss insurer CAIRNSTONE ING. via its operating division MUNICH RE AMERICA HEALTHCARE. According to Munich Re, Cairnstone has been in the stop-loss area of the market since it was founded in...
- Research articles 2007-10-01
- S&P downgrades Munich Re.
- Standard & Poor's, in the latest bleak assessment to hit a string of reinsurers, downgraded Munich Re to "A-plus" from "double A-minus." The S&P downgrade, last week, followed Munich Re's half-yearly results, when the c Standard & Poor's, in the latest bleak assessment...
- Research articles 2003-09-01
- A.M. Best Downgrades Issuer Credit Rating of Munich Re; Affirms Financial Strength Rating and Removes From Under Review
- OLDWICK, N.J. -- A.M. Best Co. has downgraded to "aa-" from "aa" the issuer credit rating ICR of Muenchener Rueckversicherungs Munich Re Germany. At the same time, A.M. Best has affirmed the financial strength rating FSR of A+ Superior of Munich Re and downgraded the debt ratings to "a" from...
- Research articles 2005-11-03
- A.M. Best Comments on Munich Re Group's Acquisition of The Midland Company
- OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength rating FSR of A+ Superior and the issuer credit ratings ICR of "aa-" of Munich Re Group Munich Germany and the FSR of A Excellent and the ICRs of "a" of Munich Re America Corporation Group MRACG remain...
- Research articles 2007-10-17
- A.M. Best Affirms Ratings of Munich Re
- OLDWICK, NEW JERSEY -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and the issuer credit rating ICR of "aa-" of Muenchener Rueckversicherung Munich Re Germany and its rated subsidiaries. At the same time, A.M. Best has affirmed the ratings of "a" of the subordinated...
- Research articles 2006-11-07
- Infonet implements Global IP MPLS network for Munich Re Group
- TELECOMWORLDWIRE-29 September 2004-Infonet implements Global IP MPLS network for Munich Re GroupC1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com Communications services provider Infonet Services Corp (NYSE: IN) has announced the completion of a new global MPLS IP VPN for the Munich Re Group, a reinsurance company. According to the company, the...
- Research articles 2004-09-29
- A.M. Best Affirms and Upgrades Ratings of Munich Re
- OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and the issuer credit rating ICR of "aa-" of Munich Reinsurance Company Munich Re Germany and its rated subsidiaries. At the same time, A.M. Best has affirmed the ratings of "a" the EUR 1.5...
- Research articles 2007-09-07
- US hurricane will be heavy burden for reinsurers: Munich Re
- MUNICH, Germany AFP ? Munich Re, the world's biggest reinsurer, estimated Monday that damage from Hurricane Charley in the United States will burden the reinsurance industry by up to 14 billion dollars (11 billion euros). A spokesman said early estimates put the total cost to reinsurers at seven to...
- Research articles 2004-08-16
- Munich Re America HealthCare and Cairnstone Solidify Relationship Through Purchase Agreement
- PRINCETON, N.J. -- Munich Reinsurance America, Inc., through its operating division, Munich Re America HealthCare, has entered into a definitive merger agreement with Cairnstone, Inc. - an industry leader in employer stop loss insurance. The transaction is expected to close in September. "We are very excited about our ownership...
- Research articles 2007-08-20
- Fitch lowers Munich Re rating from 'AAA' to 'AA+'. (Advertisement: Insurance News).(Munich Reinsurance Co.)(Brief Article)
- Fitch Ratings downgraded from 'AAA' to 'AA+' the insurer financial strength rating and the long-term issuer rating of Munich Reinsurance Company ('Munich Re'). At the same time, Fitch has downgraded the ratings of certain debt instruments of its subsidiary ERGO to 'AA' from 'AA+'. The ratings...
- Research articles 2002-11-11
- A.M. Best Affirms Ratings of Munich Re and Its Core Subsidiaries; Assigns Issuer Credit Rating
- OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A+ Superior of Muenchener Rueckversicherungs-Gesellschaft Munich Re and its core subsidiaries. The outlook remains stable. At the same time, A.M. Best has assigned an issuer credit rating of "aa" with a negative outlook to each of these...
- Research articles 2004-11-09
- German insurer Munich Re says it avoided heavy subprime damage
- FRANKFURT AFP — German reinsurance giant Munich Re sought Wednesday to reassure investors with an advance release of its 2007 net profit figure, which surpassed its target and suggested the group had escaped damage from the US subprime crisis. Munich Re said 2007 profit climbed to 3.9 billion euros...
- Research articles 2008-01-30
- Cox Insurance sells Groves, John & Westrup Limited to the Munich Re Group.
- M2 PRESSWIRE-4 October 2000-Cox Insurance: Cox Insurance sells Groves, John & Westrup Limited to the Munich Re Group C1994-2000 M2 COMMUNICATIONS LTD RDATE:03102000 Cox Insurance Holdings Plc Cox today announces that it has sold its Liverpool-based company, Groves, John &...
- Research articles 2000-10-04
- Fitch places Munich Re ratings on Rating Watch Negative. (Fitch Ratings: Advertisement).
- Fitch Ratings has placed the 'AAA' insurer financial strength IFS rating and long-term issuer ratings of Munich Reinsurance Company ('Munich Re') on Rating Watch Negative. Fitch's rating action follows a review of the company's first-half results, which indicated a combined ratio of 133%, or...
- Research articles 2002-10-07
- Updates; Investments boost Munich Re profits.(World)(Allianz A.G and Converium Holding Ltd's income)
- Munich Reinsurance Co. posted a profit of e2.74 billion ($3.25 billion) for 2005, up 45.4% from a restated profit for 2004, but its American Re Corp. unit posted a $1.56 billion net loss, largely because of a $1.4 billion reserve boost in the second quarter of 2005....
- Research articles 2006-03-20
- A.M. Best Affirms Munich Re Group A++ -Superior- Rating
- OLDWICK, N.J.--BUSINESS WIRE--Nov. 24, 1998--A.M. Best Co. has affirmed the "A++" Superior rating of Munich Re Group, Munich, Germany.
- Research articles 1998-11-24
- Risk after attacks needs rethinking; Munich Re report calls for new look at underwriting.(Munich Reinsurance Co. report)(Brief Article)
- Insurers and reinsurers must undertake a ``fundamental rethink of their covers and underwriting policies'' following the Sept. 11 terrorist attacks on New York's World Trade Center, according to the world's largest reinsurer. A report by Munich Re Insurers and reinsurers must undertake a...
- Research articles 2001-10-29
- A.M. Best Assigns Rating to Munich Re's Proposed Subordinated Debt Issue
- OLDWICK, N.J. -- A.M. Best Co. has assigned a rating of "a" to the proposed Undated subordinated Fixed to Floating Rate Bond of approximately EUR 1 billion (USD 1.3 billion) to be issued by Munich Reinsurance Company Munich Re Germany.
- Research articles 2007-05-25
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