- Chubb 's first quarter InFocus Report, "Cyber Criminals Increasingly Target Small Businesses" examines the emergence of new dominant strains of ransomware
- Geneva Association publishes new research Report-"Healthcare in Emerging Markets-Exploring the Protection Gaps"
- ABI welcomes Ogden first review
- CII New Generation Claims Group launch a landmark guide for the compensation of claims in the event of a riot
- Munich Re raises profit guidance to around E2.5bn for 2019-rise in dividend and further share buy-back programme to be proposed at AGM
- SCOR announces a range of senior appointments
- Duck Creek Technologies solutions selected by Australian-based Avant Mutual expired
- Majesco to acquire the India-based insurance software business from its parent company, Majesco Limited expired
- Majesco announce Carroll to lead European operation as Managing Director based in Dublin expired
- KW Specialty selects Sapiens Core Suite for Property & Casualty and ReinsurancePro expired
- MORE TH>N introduces new cashback scheme to help loyal customers offset the cost of renewing their insurance expired
- Antares appoints Campbell as Head of Financial Institutions at Antares Syndicate 1274 expired
7th November 2018
Munich Re on track
In the nine months, Munich Re posted a profit of E2,038m and is thus on track to achieve its profit target of E2.1–2.5bn.
There were high losses in Q3 owing to Typhoon Jebi and Hurricane Florence(around E300m each).
Profit guidance for ERGO has been raised to at least E350m, following a good nine months.
Jörg Schneider, cfo, comments “This good Q3 result puts us on track to achieve our profit target for 2018–despite a series of major natural catastrophes still continuing in the fourth quarter. The benefits of first-class primary insurance and reinsurance cover become apparent in times of climate change and growing economic risks.”There was robust growth in property-casualty reinsurance."
Munich Re Trends(436 articles)