Following the publication of Munich Re’s 2004 results (see previous article), A.M. Best Co. issued a comment that its ratings on the group are unaffected following the announcement. Best noted that they were “in line with the revised earnings forecast issued in January 2005.”
“Munich Re is benefiting from a relatively stable pricing environment in non-life reinsurance as evidenced at the January 2005 renewals,” said Best.
The rating agency said it “believes that Munich Re’s return on equity target of 12 percent for 2005 remains feasible provided that the company continues to improve earnings from its primary insurance operations, and that claims pattern for US liability lines do not change.”
How States Rank in Injury Prevention
More Top Executives Say Bribes for Business Acceptable
Study: Drug Testing Driving Calif. Workers’ Comp Costs
Maryland’s State-Run WC Insurer IWIF to Become Private Nonprofit Co.
Saints’ Vilma Sues NFL Commissioner Goodell for Defamation
Safety Report Cites Lack of Progress in Reducing Motorcyclist Deaths
A Year after Joplin Tornadoes, $2.16B in Insurance Claims Paid
Safety Inspections Don’t Hurt Businesses; Do Lower Workers’ Comp Costs: Study
