Acquisition values California-based start-up’s shares at $2.6bn
Reinsurer announces plan to return €4.6bn to shareholders
Losses rise by 30% as climate change takes its toll
Chief executive says primary insurers could simply choose to buy less cover
Steep increase in costs has fed through to businesses and households
Proxy adviser calls on investors to replace chairs of BASF and Munich Re, who previously served as chiefs of their groups
World’s biggest reinsurer says it will not offer insurance or investment for new developments
European prices already on the rise after floods in Germany last year
Payouts in India and South Africa were higher than the reinsurer had expected
UK government was right to yield to industry’s charm offensive
Insurer is well placed to manage pandemic-related losses
Return-hungry investors have stampeded into the sector
Over two years, natural catastrophes caused a record $225bn of insured losses
Council’s insurer lost an arbitration dispute with Munich Re linked to the 2017 London blaze
Joachim Wenning fears climate change targets will be missed unless action is taken
Reinsurer still posts sharp rise in 2018 earnings on lower catastrophe costs
Russian insurer makes its first acquisition since return to profit after years of losses
J?rg Schneider joined the reinsurer’s finance department in 1988
German group predicts fewer storms than last year when insurers faced $135bn costs
