Munich Re
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Staff movement is high in the cargo space as carriers look to expand in an improved rate environment. -
In their messages at the Rendez-vous de Septembre, Munich Re, Hannover Re, Swiss Re and Scor signalled a ripe environment to hike prices and adjust terms.
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The German carrier telegraphed continued pricing discipline into 2023 as carriers grapple with reduced available capital.
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The move is the latest in a series of personnel changes in the construction space.
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Bernd Luckey’s appointment comes amid a number of senior moves within the construction market.
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Swiss Re, Munich Re, Hannover Re and Scor have set out their strategies on inflation, pricing and Ukraine.
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The carrier said pricing on property quota share, particularly in the US, was not keeping pace with inflation.
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The carrier reported EUR90mn of Ukraine losses for the second quarter, bringing the H1 total to EUR200mn.
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US severe thunderstorms caused insured losses of $17bn during the first half.
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The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery.
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Plus the latest company results, people moves and all the top news of the week.
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Ukraine uncertainties remain despite some loss estimates emerging in Q1 earnings across the Big Four European carriers, while inflation looms on the horizon.
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