Profits and GWP fall at Munich Re as it retracts from unprofitable business


Munich Re’s gross written premiums and profits fell in 2016 on the back of “low interest rates and intense competition in the reinsurance markets” but the company said it was satisfied with the result, which was higher than its stated profit target of “well over €2.3 billion”.

Munich Re, Results 2016, Germany, Europe, Jörg Schneider, Torsten Jeworrek

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