Munich Re receives Solvency II nod

Munich Re has become the latest carrier to secure approval for its
Solvency II internal model.
The world's biggest reinsurer said in a statement yesterday
(25 November) that German regulator the Federal Financial
Supervisory Authority (Bafin) had granted full approval for it to
calculate its solvency capital requirements both at group level and
operating company level.
Munich Re said that it had been working on its internal model
for around 10 years, adding that it would provide further detail t