Munich Re
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Navigating its path to global specialty growth will require operational dexterity. -
Plus, the latest people moves and all the top news of the week.
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The carrier will look to grow business outside North America.
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The carrier expects the market loss to land at $35bn-$40bn.
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The carrier pegged its claims expenditure for the LA wildfires at EUR1.2bn.
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Hurricane Milton resulted in the largest insured loss of the year at $25bn.
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Christa Schwimmer has joined the leadership team alongside Stefan Golling.
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The P&C re unit will aim for a 79% combined ratio next year.
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The carrier attributed the intensification of storms this season to climate change.
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The underwriter has spent his career so far with Talbot.
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The carrier said it expected its Milton losses to fall below its EUR500mn ($537mn) Helene loss.
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