Munich Re Unit to Cut 1,000 Positions As AI Takes Over Jobs

Bloomberg · Feb 17, 2026 · Collected from RSS

Summary

Munich Re’s primary insurance unit Ergo aims to cut about 1,000 positions in Germany, partly as a result of its increased use of artificial intelligence.

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Munich Re Unit to Cut 1,000 Positions As AI Takes Over Jobs

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Bloombergabout 2 hours ago
Poland’s Azoty Seeks 83% Debt Writedown in Polymer Restructuring
Grupa Azoty SA seeks to settle just about 17% of debt taken to build the biggest propylene and polypropylene complex in central and eastern Europe.

Bloombergabout 3 hours ago
Malaysia Islamist Party Ascends in Opposition Coalition Shake-Up
Malaysia’s Islamist party is taking control of the opposition coalition following months of internal rift, a move that could increase its influence and disrupt the political landscape ahead of a general election due by 2028.

Bloombergabout 4 hours ago
Malaysia’s Anti-Graft Chief Questioned in Shareholding Probe
Malaysia’s anti-graft chief Azam Baki was summoned by a special committee set up to probe his stock ownership to explain the matter on Thursday, as authorities respond to calls for him to be investigated.

Bloombergabout 5 hours ago
Xi Gains Upper Hand Before Trump Summit After US Tariff Reversal
Chinese President Xi Jinping is heading to the negotiating table with Donald Trump with a boost in bargaining power, after the US leader lost his ability to quickly raise tariffs for nearly any reason.

Bloombergabout 6 hours ago
India Postpones US Trip to Finalize Trade Pact on Tariff Ruling
Indian trade officials will postpone a trip to the US aimed at finalizing their interim deal after a US Supreme Court ruling that struck down many of President Donald Trump’s tariffs.

Bloombergabout 7 hours ago
Japan’s Ruling Party Tax Chief Calls US Tariff Situation ‘Messy’
A heavyweight of Japan’s ruling Liberal Democratic Party called US tariffs “a real mess” after President Donald Trump hiked levies in response to a Supreme Court decision that his previous tariffs were illegal.