Munich Re sees Ian losses of €1.6bn, says 2022 profit target “significantly more challenging” to meet

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Reinsurance News - Oct 21, 2022

Global reinsurance giant Munich Re has reported losses related to Hurricane Ian within its property and casualty reinsurance business of roughly €1.6 billion after retrocession, based on an insurance industry market loss of around $60 billion (excluding the NFIP). The reinsurer notes that, in the th...

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