Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»Munich Re “absolutely prepared” to keep growing in US property cat: CFO Jurecka
    Property

    Munich Re “absolutely prepared” to keep growing in US property cat: CFO Jurecka

    May 12, 20253 Mins Read


    Munich Re still sees reinsurance pricing as attractive and its CFO Christoph Jurecka said today that the company is “absolutely prepared” to keep growing into US property catastrophe risks, as long as the business meets its requirements on terms, conditions and price.

    christoph-jurecka-munich-re-cfoAs we reported this morning, Munich Re grew its portfolio of April renewal season premiums by 6.1%, but the company also cited price decreases of -2.1% and cited “market challenges.”

    The company also said that, “Despite market pressure increasing, Munich Re expects the environment to remain positive in the upcoming July renewal round.”

    Asked about the outlook for reinsurance pricing during an analyst call today, Munich Re’s CFO Christoph Jurecka said that overall it “continues to be very attractive.”

    “The combination of 1.1 and 1.4 would be less than a percentage point decline from a historic very high level, which means it’s still indeed a very attractive level,” he explained. “Then, it is all risk adjusted, so in these price change numbers, as we interpret them and as we communicate them, the change in exposure, but also the change in the risk, for example, due to climate change model updates and all these kind of things, is all included in there already. So, you have to also keep that in mind.”

    Looking ahead to the mid-year reinsurance renewals, Jurecka said, “We are still in very attractive territory, and margins are attractive and this has to be kept in mind also when we talk about volume, because obviously there’s a client relationship, and we want to serve and will serve our clients also going forward.”

    He continued, “I think I can only summarise that we continue to be optimistic for 1.6, 1.7 that the markets will continue to be attractive for us and will allow us to also generate attractive margins out of our business going forward. Based on the very attractive starting point where we’re at, and also based on what we saw, particularly 1.1, a bit less so in 1.4.”

    Asked specifically about US property catastrophe reinsurance renewals and whether that is an area Munich Re would look to continue growing, Jurecka said, “US property growth, absolutely.”

    “If the business meets our requirements when it comes to terms and conditions, but also price, of course, we are prepared to grow that business,” the CFO explained. “It’s a healthy business, generally, and as discussed earlier today, the margins are still in a very attractive place, generally speaking.

    “Now it will depend on the renewals, and also how the LA wildfire will impact those renewals in 1.6 and 1.7. But yes, generally, we are absolutely prepared to grow in that area as well.”

    Also read: Munich Re pegs LA wildfire losses at €1.1bn, cites “market challenges” at April 1st.


    Print Friendly, PDF & Email



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UK house prices on rise again after April dip – here’s why | Personal Finance | Finance

    Property

    Frasers Property et SPX Express vont développer un centre de tri au Vietnam

    Property

    Sirius Real Estate vise de nouvelles opportunités de croissance après des résultats « solides »

    Property

    One of UK’s ‘poshest suburbs’ where you can buy a property for £160k | UK | News

    Property

    The UK’s ‘best’ seaside town to move to in 2025 with properties on sale for just £70k | UK | News

    Property

    Can you still make money from UK property?

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Tether, government of Guinea partner to accelerate digital transformation

    Fintech

    Guerre commerciale : les PME renforcent leur stratégie de couverture – Gouvernance & Stratégie > Fonction finance

    Stock Market

    US Stock Market Closing Bell: Dow crashes 749 points, S&P 500 slides over 100 pts; Amazon, Amex, Nvidia fall up to 4%

    Editors Picks

    Shira Real Estate Development And Investments affiche une perte de 255 644 dinars au premier trimestre

    April 30, 2025

    Weltenbrandt – Transzendenz Schatten Romantik Review

    August 24, 2024

    Aventura condo association president charged with money laundering bonds out – WSVN 7News | Miami News, Weather, Sports

    October 23, 2024

    Can Metal Gear Solid Ever Truly Succeed Without Hideo Kojima?

    August 15, 2024
    What's Hot

    3 Dividend Stocks On Euronext Paris Yielding Up To 4.3 Percent

    October 14, 2024

    MAC Copper conclut un accord contraignant avec Harmony Gold ; les actions bondissent de 20 %

    May 27, 2025

    Trump is going to create a cryptocurrency reserve. Here’s how that would actually work

    March 10, 2025
    Our Picks

    La Haute Cour du Royaume-Uni rejette un litige contractuel de 5 millions de livres sterling contre Kefi Gold and Copper -Le 21 janvier 2025 à 14:04

    January 21, 2025

    BYD Energy Storage a signé les plus grands projets mondiaux de stockage de batteries à l’échelle du réseau, d’une capacité de 12,5 GWh

    February 18, 2025

    Bitcoin Fails To Rise Above $96,000, Maker Becomes Top Gainer

    February 18, 2025
    Weekly Top

    Gold Prices Jump as Trade Tensions Send Investors Flocking to Safe Havens

    June 2, 2025

    Managing investment risk in the digital age

    June 2, 2025

    La fintech Chime vise une valorisation de 9,5 milliards de dollars lors de son introduction en Bourse aux États-Unis

    June 2, 2025
    Editor's Pick

    The Silver Short Squeeze: A Historic Market Battle in the Making

    October 28, 2024

    Gold seen maintaining upward momentum

    June 1, 2025

    Trending Cryptocurrency Tokens on Avalanche Chain Today – Domi, Pangolin, Seedworld

    March 21, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.