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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 ....

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Earnings Document

Earnings Document
insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.

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'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. ....

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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’. ....

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

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