Munich Re warns of 1.1 capacity shortage as inflation and losses hit

11 September 2022

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Inflation, rising interest rates and the recent run of losses will have a “huge” impact on the supply of reinsurance capacity at the January renewals, Munich Re has warned.

In an announcement accompanying its press conference at the Monte Carlo Rendez-Vous today, the company said reinsurance capital is projected to be lower in 2023 than this year – the first instance of a capacity drop since 2018.

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Munich Re warns of 1.1 capacity shortage as inflation and losses hit

Inflation, rising interest rates and the recent run of losses will have a “huge” impact on the supply of reinsurance capacity at the January renewals, Munich Re has warned.

Fuel a smarter strategy with our actionable market intelligence

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Munich Re warns of 1.1 capacity shortage as inflation and losses hit

Inflation, rising interest rates and the recent run of losses will have a “huge” impact on the supply of reinsurance capacity at the January renewals, Munich Re has warned.

Log in to continue

Fuel a smarter strategy with our actionable market intelligence

Topics

Willis looks again to Marsh for aviation buildout with UK MD Standing

Guy Carpenter expands Trace’s remit to chief broking officer

Canopius’ head of marine treaty Wallace leaves for TMK

Co-op did not have cyber coverage for ransomware attacks

Axa XL London international liability head Rowland to exit for Gen Re

Axis head of construction global markets Woolley to join Markel

LSM construction underwriting manager Jones to exit