Dow Jones-Die Munich Re in the renewal round on January 1, 2025 had to accept a slight drop in price. Overall, the price level for the reinsurer’s portfolio fell by 0.6 percent, as the DAX group announced. For the next round of renewal in April and July, a further positive market environment can be expected despite the increasing market pressure in the last renewal.
The business volume in January renewal fell by 2.4 percent to 15.6 billion euros. Business that did not meet the ideas regarding price and conditions had been consistently abandoned. Around two thirds of the non-life back insurance contract business were renewed with the focus of Europe, the USA and global business.
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DJG/MGO/CBR
(End) Dow Jones Newswires
February 26, 2025 01:42 ET (06:42 GMT)
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