Munich Re: 2021 profit target still in reach but warns on combined ratio as Q3 catastrophes bite

09-11-2021

Munich Re: 2021 profit target still in reach but warns on combined ratio as Q3 catastrophes bite

shutterstock/Chris Redan

Global reinsurer Munich Re is still targeting a consolidated profit of €2.8 billion in 2021, but warned that its property/casualty reinsurance combined ratio is expected to deteriorate, with life and health results falling short of its original guidance, as it faces “higher than expected” natural catastrophe claims burden in the third quarter.


Munich Re, Q3, Profit, P&C, Catastrophe, Insurance, Reinsurance, Christoph Jurecka, Germany, Global

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