Munich Re grows 8% at April renewals
Munich Re has increased premium volume by 8.1 percent year on year in the April 1, 2018 renewals to around €1.6 billion as the reinsurer took advantage of opportunities in India and Japan.
A trend that had begun to be observed in January continued, with prices increasing in the markets affected by natural catastrophes, but otherwise remaining stable given the still-high capacity levels in the markets, according to a company statement. Overall, prices increased by 0.8 percent in the April renewals.
At April 1, 2018, a volume of around €1.4 billion was up for renewal, versus €8.3 billion in January. Approximately 15 percent of this business was attributable to the Japanese market, a further 28 percent to North America and global business, and about 40 percent to Europe.
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