Munich Re
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Carriers posted weaker top-line results but delivered improved combined ratios. -
Insurers must avoid being a “blocker” in development and financing decisions.
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Plus, the latest people moves and all the top news of the week.
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Property growth plans are cooling, but favourable loss trends will increase surplus capacity.
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The shuttering of Munich Re Ventures reflected a focus on the reinsurer’s “core offering”.
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The carrier attributed the results to a significant fall in major-loss expenditure.
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The carrier is consolidating its venture capital activity into asset manager MEAG.
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Munich Re is among the insurers with a stake in the German carrier.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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The carrier has hired José David Jiménez García as managing director for Germany.
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Continental composite carriers aim to smooth volatility with new initiatives.
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Being conservative and stable is the name of the reinsurer’s game.
