Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Munich Re in FY profit warning as Q1 cats hit home

10 May 2010

In last week's Q1 results Munich Re revealed a major catastrophe loss hit of EUR761mn in the first quarter.

The heavy number pushed its quarterly combined ratio to 109 percent and forced a warning from the reinsurer that full-year profit targets are now looking "increasingly ambitious".

The total loss - including a EUR500mn hit from the earthquake in Chile - was "far higher than the projected amount and the multi-year average", accounting for 20.8 percentage points on the (re)insurance giant&#...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share: This article was published as part of issue May 2010/2

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π