- Newslink Global Insurance Trends-The Week
- Swiss Re Sigma reports natural catastrophes accounted for $40bn economic losses in H1 2019- down from $45bn a year earlier-insured losses were $19bn($26bn)
- Global reinsurance experts urge investment in open-source risk models as part of climate adaptation strategy
- J.D. Power latest study says Small US business owners have never been more satisfied with their insurance providers
- Marsh research indicates that warranty and indemnity (W&I) claims notifications across EMEA have increased significantly since 2016
- "Treat artificial intelligence(AI) with caution" says Pega's Tarquini
- AIR Worldwide estimates insured losses in China from Typhoon Lekima to exceed CNY6bn expired
- Prudential Asian growth continues as it prepares for demerger expired
- M&GPrudential intends to list shares under M&G plc after the demerger from Prudential plc expired
- Admiral CEO Stevens comments on latest financials expired
- AIG appoints Olsen from Munich Re as Chief Actuary, General Insurance expired
- Aspen's Cloutier comments “We continue to see improvement in our underwriting performance" at half way 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)