'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 CEO Joachim Wenning; Source: Munich Re
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.
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Munich Re, Reinsurance, 2020 results, Joachim Wenning, Europe, Global
