Heightened retro prices lead to Munich Re unable to place a storm risk
Heightened retrocessional reinsurance prices have led to Munich Re being unable to retrocessionally get additional reinsurance for a storm risk it wanted to place, said one of its senior reinsurance writers.
Torsten Jeworrek, one of Munich Re's board of management and chairman of the reinsurance committee, said: "The last 12 months we have seen reduced prices in the retro market and we wanted toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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