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The Earth Times Online Newspaper (Free subscription) | 11/05/2009
Munich - Munich Re, the world's largest re-insurer, reported Thursday it returned to the black in the third quarter, achieving a net result of 644 million euros (947 million dollars). Citing a recovery setting in on capital markets which helped its i...
Financial Times (Free subscription) | 11/05/2009
Munich Re increased quarterly operating profits but the world's largest reinsurer warned low investment yields could reduce its returns in coming years
News-Insurances (Free subscription) | 11/05/2009
The world’s biggest re-insurance group, Munich Re, said Thursday it aimed for a full-year net profit of between 2.2-2.5 billion euros (3.3-3.7 billion dollars) after posting a net profit of 644 million euros in the third quarter. Analysts polled by Dow Jones Newswires had forecast a higher net profit of 727 million euros for the three-month [...]
Law Blog - WSJ.com (Free subscription) | 11/05/2009
The reinsurer said it returned to a net profit amid low disaster claims, substantial value gains from its investments and higher premium income.
Market Watch (Free subscription) | 11/05/2009
LONDON (MarketWatch) -- Reinsurance group Munich Re said Thursday that it swung to a third-quarter net profit of 644 million euros from a loss of 3 million euros a year earlier as the amount of premiums written rose and its investment performance improved. The group said net earned premiums increased 12.7% to 9.98 billion euros and its investment result rose to 2.24 billion euros from 662 million...
Boston Globe (Free subscription) | 11/05/2009
German reinsurer Munich Re AG said Thursday that its net income surged to euro644 million ($950.6 million) during the third quarter, lifted by a significant boost in investment revenue and fewer weather-related claims.
News-Insurances (Free subscription) | 11/05/2009
Summary of Munich RE’s figures for the first nine months Published on 5 November, 2009by The Group recorded a good operating result of €3,318m (2,654m) for the period from January to September, €1,211m of this in the third quarter. Shareholders’ equity increased to €22.8bn or 7.3% since the beginning of year.The annualised return on risk-adjusted capital after tax (RORAC) for the first three...
Australian Climate Madness (Free subscription) | yesterday
... was a great agent [...] Related posts: Climate nonsense from The Age Climate nonsense from Munich Re UPDATED: Climate nonsense from Greg Combet
The Climate Philosopher (Free subscription) | 11/08/2009
... insurance could, in part, be provided by ultra safe reinsurance companies such as Swiss Re and Munich Re, and/or the Lloyds names, who are mostly exposed to hurricane, and not credit risk. It's unlikely that they could shoulder all the risk of a bank. They would, one would think, negotiate a fair price for that risk. So I propose the following. a) The insurance should be properly defined,...
Peak Energy (Free subscription) | 11/05/2009
... Solar, Cevital, DESERTEC Foundation, Deutsche Bank, E.ON, HSH Nordbank, MAN Solar Millennium, Munich Re, M+W Zander, RWE, SCHOTT Solar, and Siemens. The project will link multiple solar concentrating facilities around coastal North Africa and transmit most of the renewable energy through high-voltage DC lines to Europe. Additionally, desalination plants will be coupled with the solar concentrating...
