Munich Re profits soar despite cat losses as it eyes better pricing in 2020


Munich Re beat its profit target and increased its dividend in 2019, but its property/casualty combined ratio worsened, reflecting high major losses. Chairman of the board of management Joachim Wenning hailed the 2019 as a great step forward while the company also indicated it anticipates further improvements in pricing.

Munich Re, 2019 Results, Insurance, Reinsurance, Property & Casualty, Joachim Wenning, Europe

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