Munich Re profits plummet 55% in 2020 amid high COVID-19 losses

Munich Re profits plummet 55% in 2020; CEO insists 'all pieces in place' for 2021

Munich Re’s reinsurance business dragged the company’s 2020 results due to high pandemic-related losses and natural catastrophes, but the rate improvements allowed the company to grow its business in the January renewals. The German reinsurer anticipates the market environment to remain positive and offer attractive growth opportunities in 2021.

The rest of this article is locked. Please login to continue reading.

If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.

To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.

For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at efield@newtonmedia.co.uk

Munich Re, Reinsurance, 2020 results, Joachim Wenning, Europe, Global

More on this story

Munich Re 'tapping and shaping' as profit tops expectation despite COVID-19 burden
10-08-2021

'Time to act' as global nat cat losses reach $210bn in 2020: Munich Re's Jeworrek
11-01-2021

Munich Re eyes €2.8bn profit for 2021 despite hefty COVID-19 losses
02-12-2020

Munich Re profits plummet 55% in 2020; CEO insists 'all pieces in place' for 2021

More on this story

Other related

More on this story

Sign up for the newsletter