Munich Re sees ‘a little more’ decline 1/1 on way to 2Y reinsurance slide

Munich Re is staring at the prospect of “a little higher price reduction” at the 1/1 renewals than seen the year prior, the kick-off to what could be a maybe two year period of decline in the P&C reinsurance business, board member and chair of the reinsurance committee Thomas Blunck (pictured) has said.