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Thursday, March 18, 2010 2:46 AM

Munich Re AG

Type: Company

Name: Munich Re AG

Nationality: Germany

Web Address: http://www.munichre.com/

Fact Sheet: Fact Sheet for Munich Re AG

First Reported 20 hours ago - Updated 19 hours ago - 1 Documents

Losses shake Hiscox

LLOYDS of London insurer Hiscox said it will take a combined £100million hit from Februarys earthquake in Chile and the windstorm Xynthia, which swept through Western Europe at the end of the month.Hiscox said the estimated cost of the natural disasters ... [Published 20 hours ago by Daily Express]

Entities: Hiscox plc, Earthquake, Chile, Munich Re AG, Swiss Re

First Reported Mar 16 2010 - Updated 18 hours ago - 2 Documents

Insurers’ Disaster Costs to Surge, Swiss Re Says (Update1)

(Adds U.S. flood threat in the penultimate paragraph.) March 16 (Bloomberg) -- Natural disasters may cost insurers as much as $110 billion worldwide in 2010, five times more than last year when the U.S. escaped hurricane damage, Swiss Reinsurance Co. ... [Published Mar 16 2010 by BusinessWeek]

Entities: Swiss Re, Disaster, Risk Management Solutions, Storm Xynthia, Munich Re AG

First Reported Mar 16 2010 - Updated Mar 16 2010 - 1 Documents

Swiss Re

Munich Re praises industry response to climate change

World Insurance Forum looks at risks and opportunities of global warmingThe reinsurance industry has produced a 'first class' response to climate change, Munich Re's head of geo risks research Professor Peter Hoeppe told the World Insurance Forum.Hoeppe ... [Published Mar 16 2010 by Insurancetimes.co.uk]

Entities: Munich Re AG, Global Warming/Climate Change, Swiss Re, Asbestos

First Reported Mar 16 2010 - Updated Mar 16 2010 - 1 Documents

Hiscox plc

Hiscox heads for loss on $14bn disaster claims$

Hiscox, the international specialist insurer, issued a profit warning today after admitting claims from the devastating earthquake in Chile and a windstorm in France that claimed more than 50 lives could reach as much as $14 billion (9.3 billion). The ... [Published Mar 16 2010 by Times Online]

Entities: Hiscox plc, Disaster, Chile

First Reported Mar 16 2010 - Updated Mar 16 2010 - 1 Documents

Disasters not a disaster for Munich Re which profits

Germany’s Munich Re, one of the world’s leading reinsurers, said Wednesday it expects to post a profit of more than 2 billion euros ($2.7 billion) this year, despite last month’s earthquake in Chile and a hefty winter storm in Europe. The Munich-based ... [Published Mar 16 2010 by New Europe]

Entities: Munich Re AG, Disasters, Disaster, Net Profit

First Reported Mar 14 2010 - Updated Mar 15 2010 - 3 Documents

Munich Re, Swiss Re Top List of Chile Claims: Table (Update1)

(Adds entry for Scor after Validus.) March 15 (Bloomberg) -- Munich Re and Swiss Reinsurance Co., the worlds two largest reinsurers, projected the highest costs in the industry from the earthquake that struck Chile last month.The quake, the worlds fifth-strongest ... [Published Mar 15 2010 by BusinessWeek]

Entities: Munich Re AG, Swiss Re, Chile, SCOR, Earthquake

First Reported Mar 11 2010 - Updated Mar 11 2010 - 2 Documents

Munich Re AG

LDK Solar (LDK) Announces PV Insurance Coverage

More News related to LDKMore News related to Corporate NewsLDK Solar Co., Ltd. (NYSE: LDK) announced today that Munich Re's Special Enterprise Risk unit's new insurance solution will cover the performance warranty of its photovoltaic modules.The insurance ... [Published Mar 11 2010 by Street Insider]

Entities: LDK Solar Co Ltd, Munich Re AG, Photovoltaic

First Reported Mar 11 2010 - Updated Mar 11 2010 - 2 Documents

Chile''s earthquake may cost insurers up to $7bn

Swiss Re has estimated that the earthquake in Chile may cost the global insurance industry around $7bn (£4.7bn).The company, the world''s second-largest reinsurer stated that the impact on the sector would between $4bn and $7bn.Meanwhile, Swiss Re said ... [Published Mar 11 2010 by Business Today]

Entities: Chile, Earthquake, Swiss Re

First Reported Mar 11 2010 - Updated Mar 11 2010 - 1 Documents

European financials overlooked says Ignis

Adrian Darley, head of European equities at Ignis Asset Management sees opportunities European equites investors have overlooked opportunities in the financials sector says Ignis head of European equities Adrian Darley.This is being driven by a macro ... [Published Mar 11 2010 by TrustNet]

Entities: Adrian Darley, Julius Baer Group, Munich Re AG

First Reported Mar 11 2010 - Updated Mar 11 2010 - 1 Documents

Value being found in insurance sector

Many of the world’s smartest value investors are going shopping in the insurance sector. Prem Watsa, the eagle-eyed chief of Fairfax Financial Holdings, has swooped down to acquire Zenith National Insurance Corp., a provider of workers’ compensation in ... [Published Mar 11 2010 by National Post]

Entities: Book Value, Montpelier Re Holdings Ltd, Prem Watsa, Ian McGugan

First Reported Mar 11 2010 - Updated Mar 11 2010 - 1 Documents

UPDATE 2-Hannover Re eyes "good" 2010 after record 2009

* Q4 net profit 152.8 mln euros, above forecast* 2009 net profit 731.2 mln euros, best year on record* 2010 expected to be good, despite Q1 storm, quake hits* Proposes dividend of 2.10 euros/share for 2009* Shares up 1.35 percent, outpacing a flat insurance ... [Published Mar 11 2010 by Reuters]

Entities: Hannover Re AG, Munich Re AG, Net Profit

First Reported Mar 11 2010 - Updated Mar 11 2010 - 1 Documents

Munich Re quizzes Swiss Re on risk management

Multaqa conference sees a verbal exchange between senior executives revealing altered practices following the financial crisis.Senior executives from Munich Re and Swiss Re took part in a lively exchange on the subject of risk management practices, during ... [Published Mar 11 2010 by Insurancetimes.co.uk]

Entities: Munich Re AG, Swiss Re, Raj Singh, Risk Management

Quotes

"Earth's deserts receive in six hours of daylight enough energy to supply all the world's needs for a year," said the Dr. Dr. "And it can be harvested in such a way that only 3 percent is lost when the energy is transmitted 1,000 kilometers. The world's population almost all live within 3,000 kilometers of a desert, which means that 90 percent of the energy we need can be trapped in the deserts and delivered."

Mankind Not Doomed: Official [Risk & Insurance - 7 hours ago]

...Instead, he says, "we will very likely face a choice of accepting a nuclear Iran, or using military force."

Iran Under Pressure As China Looks Elsewhere for Oil [Time - 10 hours ago]

More Content

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Even Without U.N. Sanctions, Economic Heat on I... [Yahoo! News - 18 hours ago]
Losses shake Hiscox [Daily Express - 20 hours ago]
Insurers’ Disaster Costs to Surge, Swiss Re Say... [BusinessWeek - Mar 16 2010]
Insurers May See Disaster Costs Surge This Year... [BusinessWeek - Mar 16 2010]
Munich Re praises industry response to climate ... [Insurancetimes.co.uk - Mar 16 2010]
UPDATE 2-First Solar joins Desertec solar project [FinanzNachrichten.de - Mar 16 2010]
First Solar says joins solar project Desertec [FinanzNachrichten.de - Mar 16 2010]
Hiscox heads for loss on $14bn disaster claims$ [Times Online - Mar 16 2010]
Hiscox to make loss on $14bn catatrophe claims [Times Online - Mar 16 2010]
Disasters not a disaster for Munich Re which p... [New Europe - Mar 16 2010]
U.S. reinsurers report growth in 2009 net incom... [Canadian Underwriter - Mar 15 2010]
Munich Re, Berkshire Reinsurers Post Gains in S... [BusinessWeek - Mar 15 2010]
Munich Re, Swiss Re Top List of Chile Claims: T... [BusinessWeek - Mar 15 2010]
Munich Re, Swiss Re Top List of Chile Earthquak... [BusinessWeek - Mar 15 2010]
Insurers` $4-7 bn Chile quake hit won`t up prices [Moneycontrol.com - Mar 14 2010]
Chilean Aftershocks to Global Catastrophe Insur... [Risk & Insurance - Mar 12 2010]
A.M. Best Affirms Ratings of Sterling Life Insu... [FinanzNachrichten.de - Mar 12 2010]
Potash, Mosaic, Clear Channel Outdoor Surge [Ticker - Mar 12 2010]
More Quakes Hit, As Reinsurers Tally Losses [National Underwriter - Mar 12 2010]
Reinsurers bear brunt of 1Q cat as aftershocks ... [Insurance Insider - Mar 12 2010]
Insurers risk row with watchdog on EU capital r... [Interactive Investor - Mar 12 2010]
Best Affirms American Modern Insurance Group Ra... [Insurance Journal - Mar 12 2010]
LDK Solar (LDK) Announces PV Insurance Coverage [Street Insider - Mar 11 2010]
Munich Re Signs Photovoltaic Module Guarantee C... [FinanzNachrichten.de - Mar 11 2010]
Chile''s earthquake may cost insurers up to $7bn [Business Today - Mar 11 2010]

Blogs

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First Solar Jumps Aboard Desertec Jumbo Green E... [Earth2Tech - Mar 16 2010] First Solar, the thin-film solar giant, has just linked up with the mega-giant of all solar projects: the Desertec Industrial Initiative. The Arizona-based company ...
First Solar Jumps Aboard Desertec Jumbo Green E... [GigaOM Network - Mar 16 2010] First Solar, the thin-film solar giant, has just linked up with the mega-giant of all solar projects: the Desertec Industrial Initiative. The Arizona-based company ...
Munich Re Profit Surges by More Than 60% [BloggingStocks - Mar 11 2010] Filed under: Earnings Reports, Good newsWhen 2008 ended on a sour note, the reinsurance industry looked to 2009 with trepidation. Since the financial crisis struck ...
Five times the cost of the Manhattan Project [EU Referendum - Mar 05 2010] Joanne Nova gets an airing in the Australian media, taking on board the canard about the "deniers" getting big money funding.Relying on her previous work, Joanne ...
Insurance Industry Faces More Pressure on Iran [BloggingStocks - Mar 01 2010] Filed under: Bad NewsIf you do business with Iran, it's probably going to be harder to get insurance coverage. Regulators and lawmakers in the U.S. are looking for ...