Andrey_Popov/shutterstock.com_1575444040

26 July 2024Reinsurance

Munich Re enjoys upgrade, ‘well with peers’ on profit, better in diversification

Reinsurance giant Munich Re has secured a ratings upgrade thanks to improved profitability and diversification. S&P Global Ratings expects losses from Hurricane Beryl, the CrowdStrike outage, the Baltimore bridge collapse, and other events to likely fall within Munich Re’s large loss budget for the year.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Another US federal reinsurance programme goes before Congress

19 December 2025 Latest bill calling for federal reinsurance more likely to find favour.

Scor extends contingent capital protection to 2028 with $352m facility

19 December 2025 Warrants could lift Scor’s share capital, with dilution capped at 10%.

Everest bolsters global wholesale and specialty offering with leadership shuffle

19 December 2025 Senior leaders to guide next step in ‘performance-driven' growth.

More articles

Cyber rates to fall again as growth prospects remain ‘constrained’

Swiss Re closes $400m catastrophe bond for Farmers

Another US federal reinsurance programme goes before Congress

Gallagher Re sets up captives risk transfer team

US homeowners shakes off headwinds, eyes 2026 return to profit

Markel Insurance bolsters war and terrorism underwriting with Axis hire

Mosaic bets on senior hire to head up Americas expansion

NFP looks to USI VP to lead Atlantic region complex property operations

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze