Munich Re posts P&C re combined ratio of 86.5% despite elevated cat losses
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Munich Re posts P&C re combined ratio of 86.5% despite elevated cat losses

Liz Bury
17 May 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
Munich Re logo Munich Germany.jpg

Munich Re has reported a P&C reinsurance combined ratio of 86.5% in Q1, narrowly missing its 86% target, after higher-than-expected nat cat losses, partly due to a EUR600mn ($652mn) loss from the earthquake in Turkey and Syria.

The combined ratio deteriorated by almost 10 points year on year as a result.

Major losses of over EUR30mn each totalled EUR1,035mn, a jump of 67% compared to EUR618mn in Q1 2022.

Natural

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Results Munich Re
Headshot template (new) (2).png
Liz Bury
Editor, Insurance Insider ILS
Contact
Gift this article