Munich Re’s 1st half results seem to indicate that maybe reinsurance rates are finally firming. The world’s largest reinsurer posted a 15 percent increase in gross premium revenues for the period to €15.2 billion ($12.85 billion), exceeding analysts expectations. Growth was recorded in all sectors.
The Financial Times noted that more than half of Munich Re’s income is generated outside of the euro zone, and that the currency’s present weakness, therefore increased this segment of earnings. Nevertheless the company upped its forecasts for the full year, and now expects to increase gross premiums for the year by 9 percent from 6 percent.
Topics Trends Pricing Trends
Was this article valuable?
Here are more articles you may enjoy.
Hacking Group Claims Mass Data Theft From Shell, Philips, GE, Fiserv, Others 
Seven People Charged in $100M Workers’ Compensation Fraud Operation in Florida 
Typhoon Season Forecast to Be Among Most Intense Ever for Asia 
UnitedHealth Investor Suit Alleges Security, Governance Lapses 
