Nat cat ‘most profitable’ but there are limits to growth: Munich Re

23 February 2023

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Nat cat was among Munich Re’s most profitable lines of business last year – however, although the reinsurer is strongly capitalised, there are limits to its appetite for growth in specific perils, the company said.

Asked about the potential for growth in nat cat lines, Joachim Wenning, CEO, told analysts on the firm’s earnings call “there is not unlimited potential for us to grow in each individual peril as much as the market wants...

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Nat cat ‘most profitable’ but there are limits to growth: Munich Re

Nat cat was among Munich Re’s most profitable lines of business last year – however, although the reinsurer is strongly capitalised, there are limits to its appetite for growth in specific perils, the company said.

Fuel a smarter strategy with our actionable market intelligence

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Nat cat ‘most profitable’ but there are limits to growth: Munich Re

Nat cat was among Munich Re’s most profitable lines of business last year – however, although the reinsurer is strongly capitalised, there are limits to its appetite for growth in specific perils, the company said.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM