Munich Re can take combined ratio to 82% on renewals, eased reserving

Global reinsurance group Munich Re is likely to carve as much as 4 points off its P&C reinsurance combined ratio to 82% in 2024 as it lays off from a period of excess reserve building, continues to earn in on the 2023 market reset and gets a bit of margin boost from 2024 renewals as well, a top official has claimed.

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