Article ID: 425bb81bd33e13acdf5b2aae4e3b3845c0be42813691673a0e156145c03c4096
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/munich-re-q1-profit-jumps-on-lower-catastrophe-losses/
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Munich Re Q1 profit jumps on lower catastrophe losses - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Munich Re Q1 profit jumps on lower catastrophe losses by Gavin Souter Catastrophes , Financial Results , Reinsurance Germany Munich Re May 12, 2026 Munich Re reported first-quarter net income of €1.7 billion ($2 billion), up 57% from a year earlier, driven by lower major-loss claims and strong underwriting results in its property/casualty reinsurance and global specialty insurance businesses. The German reinsurer said its property/casualty reinsurance combined ratio improved to 66.8% from 83.9% a year earlier, while the combined ratio of its global specialty insurance improved to 83.7% from 95.5%. Major losses in property/casualty reinsurance fell to €130 million from €1.01 billion in the prior-year quarter, which had been heavily affected by the Los Angeles wildfires. Natural catastrophe losses dropped to €55 million from €757 million. Munich Re said claims arising from the Iran war totaled about €90 million, including roughly €60 million in global specialty insurance and €30 million in reinsurance. In April renewals, Munich Re said property/casualty reinsurance business volume declined 18.5% as it cut business that did not meet its pricing or terms expectations. Prices fell 3.1%, though the reinsurer said overall pricing levels remained favorable. Chief Financial Officer Andrew Buchanan said the company remained on track to meet its full-year net income target of €6.3 billion. Related News No goodwill in crime film: lawsuit May 12, 2026 Skyward Specialty hires former Intact leader for E&S role May 12, 2026 Comp posts 91% combined ratio in 2025, extends underwriting gains May 12, 2026 US issues indictments in Baltimore bridge collapse May 12, 2026 Ryan Specialty appoints Jacob president of RT Connector May 12, 2026 Court denies motions by Brown & Brown and Howden in broker raid case May 12, 2026 Hannover Re’s profit jumps 48% May 12, 2026 Japan moves to cap corporate executives’ liability May 12, 2026 Middle East assets trapped by war risks May 12, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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