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Munich Re confirms annual guidance; solid quarterly result of €527m

Summary of Q3 figures Munich Re achieved a profit of €527m (366m) in Q3 2022, and a total of €1,903m (2,061m) in Q1–3. The quarter was marked by above-average expenditure for natural catastrophes. Munich Re projects losses of around €1.6bn from Hurricane Ian. The operating result fell to –€346m, compared with €204m for the sameSummary of Q3 figures Munich Re achieved a profit of €527m (366m) in Q3 2022, and a total of €1,903m (2,061m) in Q1–3. The quarter was marked by above-average expenditure for natural catastrophes. Munich Re projects losses of around €1.6bn from Hurricane Ian. The operating result fell to –€346m, compared with €204m for the same » The FINANCIAL Business

Earnings Document

'Long faces and irritable conversations': Postcard from Baden-Baden

Inflation, heightened cat activity and years of poor reinsurance returns are fuelling demands for wholesale change in the European market.

Economic uncertainty and inflation point to 'tough' 1.1 European cat renewal

Reinsurers are demanding price increases and higher retentions as brokers warn cedants to be ‘realistic’.

Baden Baden: Cedants demand extra €1 billion in limit - Hannover Re