13 May 2024 Reinsurance

Munich Re can’t suppress the enthusiasm on Q1 earnings beat

Global reinsurance group Munich Re posted sufficiently strong Q1 earnings to outdo even its own renowned conservatism, with market analysts now forecasting a 2024 net profit as much as 30% above management guidance for a €5 billion full-year take. 

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8 May 2024   Market appears disciplined on T&C, Munich Re appetite for looser deals is ‘absolutely zero’.
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8 May 2024   Pricing edged down fractionally overall, kept pace with loss trend ‘for the most part.’
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27 February 2024   Munich Re leveraged easing of retro market for major rise in coverage across perils.