Munich Re
Spreads widen on Munich Re, Aegon, BA Systems and Fiat
Credit default swap spreads widened this week on Munich Re, Aegon, BAE systems and Fiat. But traders said trading was thin and there was very limited movement in other credit spreads in the European market.
Europe sees low trading volumes in credit derivatives following US holiday
Trading volumes in the European credit default swap market have dissipated towards the end of the week, following yesterday’s holiday in the US. Spreads remain tight with muted reaction to negative news on particular credits, including Munich Re’s poor…
Weak equity markets continue to fuel widening in European credit spreads
Equity weakness continued to dominate the direction of European credit default swaps, pushing the cost of protection wider for volatile insurers and telecoms.
German insurer and bank credit spreads hit by downgrade fears
The cost of protection for German reinsurance company Munich Re and German banks Deutsche, Commerzbank and Dresdner widened today following negative rating and outlook changes by Moody's Investor Services.
US credit protection narrows following Wall Street equity rally
The price of credit default swaps for major US names tightened this week following two days of equity purchasing on Wall Street.
Munich Re to set-up firm-wide ART business
German reinsurer Munich Re is forming a group-wide alternative risk transfer (ART) unit, in a move designed to strengthen its position in the growing alternative markets business.
Munich Re sees billion dollar loss in third quarter
Munich Re, the reinsurance group, today reported a euro1.2 billion ($1.06 billion) loss for the third quarter. This was mainly due to the effects of the September 11 terrorist attacks on the US, said the German firm.
Basel regulators to study insurers' reaction to US attacks
BASEL - Bank regulators considering allowing op risk insurance a role in the proposed Basel II bank accord will study closely how the insurance industry deals with the massive insurance claims arising from the September 11 attacks in the US. So said…
Insurance risk needs complete rethink, says Munich Re
The world’s largest reinsurance company, Munich Re, believes that risk management associated with the primary insurance and reinsurance sectors needs to be “completely rethought”, following the terrorist attacks in the US last week. The German reinsurer,…