No specific growth target for 1.1 renewal: Munich Re
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No specific growth target for 1.1 renewal: Munich Re

Liz Bury
20 October 2022
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Munich Re logo Munich Germany.jpg

Munich Re said it has no specific growth target for this year’s renewal as it shared a “quite bleak” outlook for economic conditions in Europe next year.

Thomas Blunck, a member of the executive board of management at Munich Re, speaking ahead of the annual reinsurer meeting in Baden-Baden that generally kicks off renewal negotiations, said “recession is definitely imminent” in Europe, owing to a “very...

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