Hurricane Otis will be a ‘major loss’ for Munich Re in Q4: CFO Jurecka

08 November 2023

Hurricane Otis will be a “major loss” for Munich Re in Q4 2023, although it is “far too early to judge” what the claim costs might be, the carrier’s CFO Christoph Jurecka said on a Q3 earnings call.

Adding to the difficulties of assessing its impact is that this is the first time a Category 5 hurricane has hit that area, Jurecka said.

“If

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