Munich Re
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Scor disclosed L&H troubles while Swiss Re continued reserving for US casualty. -
Plus the latest people moves and all the top news of the week.
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The reinsurer also said it expected no significant impact from the CrowdStrike losses.
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Its combined ratio stayed under 80%, which may give it room to outperform on annual targets.
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Over 75% of insured losses attributable to severe thunderstorms, flooding and forest fires.
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The ratings agency said Munich Re demonstrated its ability to optimise its market-leading position.
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Combined ratios improved all around thanks to better pricing and a benign cat quarter.
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The carrier has ambitious growth plans for its rebranded Munich Re Specialty segment.
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CFO Christoph Jurecka declined to give a loss estimate for the Baltimore Bridge loss.
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The carrier reported a P&C re net result up 44% to EUR1.8bn.
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The carrier’s Q1 P&C re combined ratio is around 75%.
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Hitesh Kotak has been appointed CEO for Japan, India, Korea and South East Asia.
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