munich re

Global reinsurer Munich Re has posted a lower net result of €1.742 billion for the third quarter of 2026, and a higher result of €5.667 billion for the first nine months of the year, while the firm’s P&C reinsurance arm saw a notable year-on-year decline as a result of currency and renewal effects.

Demonstrating the continued profitability of reinsurance underwriting businesses in 2026, global giant Munich Re has preliminarily reported its third-quarter net profit will be higher than consensus at €1.7 billion, on which basis the company has raised its full-year profit guidance by €300 million.

Munich Re Specialty, the division of the global reinsurance company that delivers insurance and risk management to industries and global markets, has announced the launch of a new parametric earthquake insurance product through the Lloyd’s Japan platform.

Munich Re reported a significant increase in its property and casualty reinsurance result, as a much lower combined ratio thanks to lower major losses, including natural catastrophes, flowed to the bottom line, which is a trend seen across major reinsurers and certain to continue the capital build-up in the sector.

Global reinsurer Munich Re shrank its property and casualty (P&C) reinsurance book by 1.9% at the July reinsurance renewals as it chose to discontinue select business, although prices were up overall and sufficient to offset higher loss expectations from inflation and other developing trends.

After a first-quarter and April reinsurance renewals of growth, global player Munich Re now says the chance it surpasses its full-year guidance for 2023 has increased.

Global reinsurer Munich Re has collaborated with parametric insurance platform, Raincoat and Cloud to Street (C2S), a climate adaptation technology firm, on the delivery of a country-level flood parametric program for smallholder farmers across Colombia.

Reinsurance giant Munich Re has reported a “financially manageable” hit of around EUR 800 million to its first-quarter 2020 results, from losses caused by the Covid-19 pandemic.

Reinsurance giant Munich Re said this morning that it expects a strong third-quarter result and to beat its full-year forecast, despite the impact of a “high major loss expenditure.”

Munich Re has promoted Steven Chang to the role of Chief Executive, Greater China, which will see him lead the reinsurance giant’s non-life business and operations across mainland China, Taiwan, Hong Kong and Macau.