Ukraine hit of EUR100mn is mainly IBNR: Munich Re
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Ukraine hit of EUR100mn is mainly IBNR: Munich Re

Rachel Dalton
10 May 2022
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CFO Christoph Jurecka

The EUR100mn ($105mn) Munich Re has reserved for Ukraine losses for Q1 is mainly on an incurred-but-not-reported (IBNR) basis, with the ultimate loss from the conflict highly uncertain, the carrier’s CFO has said.

Christoph Jurecka said on press and analyst calls after Munich Re’s Q1 earnings report this morning: “This EUR100mn in Q1 is for specialty lines and encompasses losses we consider to be covered and also have been incurred with a...

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Rachel Dalton
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