Hard market in reinsurance to run into 2025: Munich Re’s Wenning
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Hard market in reinsurance to run into 2025: Munich Re’s Wenning

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The advantageous hard-market conditions in reinsurance are likely to run into 2025, with climate change and inflationary trends underpinning the need to drive pricing discipline, according to Munich Re CEO Joachim Wenning.

On an Q2 earnings call, the executive acknowledged he was making a “daring statement”, but said the trends driving pricing were long-term rather than in response to single loss events.

He

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