Shutterstock.com_114571822/Jens Goepfert
16 October 2026Reinsurance

‘Apples and oranges’: Munich Re challenges alternative capital comparison

Comparing alternative reinsurance capital’s share of the market with the risks it supports is “comparing apples with oranges”, Munich Re’s Thomas Blunck has said, arguing traditional reinsurance remains the backbone of capacity as climate change, inflation and cyber threats reshape Europe’s risk landscape.

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