Munich Re posts latest results, bolsters subsidiary
Munich Re has announced that it made a profit of €365m in the third quarter of 2004, taking the company to a profit of €1.5bn for the first nine months of the year, up substantially on the loss of €0.5bn it made over the same period of 2003.
Although the third quarter was hit by €550m in windstorm losses from a series of hurricanes and typhoons, the company said that it had been able to keep its claims burden down through increasedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Reinsurance
Insurance Post Census exposes employment progress and problems
While insurance may have more women reaching CEO and C-suite roles than ever before, Insurance Post’s 2026 Census exposes how progress is not being experienced evenly across the workforce.
BPL launches surety division
BPL has launched BPL Surety, a new business line offering global guarantee solutions, marking the broker's second business line launch this year.
Soft market to deepen amid strong reinsurer balance sheets
Ratings agencies predict the global reinsurance soft market will deepen into 2027 as capital remains abundant, while cyber and data centres emerge as key growth opportunities.
ABI fire safety facility tops £19.6bn in year two
The Association of British Insurers has capped off a second year for its Fire Safety Reinsurance Facility, announcing a total sum insured of £19.6bn for the 12 months to the start of April.
Big Interview: Anne Middleton, Convex UK
Anne Middleton, Convex’s UK CEO, talks to Insurance Post about continuity through a change of chair, why market share matters more than premium, and staying disciplined as the market softens.
Why the real AI advantage in insurance lies beyond the model
View from the top: Ben Rose, CEO of Supercede, argues that as artificial intelligence models become commoditised, the advantage for the industry will come from the context and infrastructure surrounding them.
Why Flood Re must change before it becomes unfit for purpose
Trade Voice: Perry Thomas, CEO of Flood Re, explains why the flood insurance market is on the cusp of change, and why fairness and resilience must remain centre stage.
Diary of an Insurer: Swiss Re’s Leo Dixon
From winter storm-driven flight delays, to early morning sea-air walks in Poole and artificial intelligence-driven Claims Reimagination sessions, Leo Dixon, global head of claims for property and casualty reinsurance at Swiss Re, shares why there’s no such thing as a typical week in claims.