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

    How can your property equity give you lasting financial security?

    Property

    Independent cattle producers gather in Deadwood for 2025 R-CALF USA convention

    Property

    Le Brickell City Centre de Miami cédé à Simon Property pour un montant pouvant atteindre 548,7 millions de dollars

    Property

    Commercial property: is it time to invest?

    Property

    Personal auto drives major recovery in US P&C underwriting for 2024: AM Best

    Property

    Residential property transactions rebound with 25% surge in May – HMRC

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    ‘A visionary, ahead of his time’: Agricultural pillar Bert Andrews has passed away

    Property

    Sivarom Real Estate Pcl annonce la démission de son PDG, Taweekiat Nuntaekkapong

    Fintech

    Pine Labs vise une valorisation pouvant atteindre 6 milliards de dollars lors de son introduction en bourse en Inde

    Editors Picks

    Free Cloud Mining for Cryptocurrency Enthusiasts

    May 15, 2025

    Lutco Unveils Groundbreaking 800-Ton Stamping Press, Elevating Northeast Metal Stamping Capabilities

    August 8, 2024

    Silver Oak (India) Limited annonce la démission de Deepak Meena, en tant que secrétaire de la société -Le 14 février 2025 à 11:31

    February 14, 2025

    Lack of clarity on US-China trade talks impacts crude oil prices

    April 28, 2025
    What's Hot

    European Central Bank Eyes Digital Euro To Curb Stablecoin Threats

    March 20, 2025

    3 Dividend Stocks to Buy With $500 and Hold Forever

    May 31, 2025

    Markets surge on RBI rate cut hopes; Sensex up 443, Nifty at 24,750

    June 5, 2025
    Our Picks

    Trump announces cryptocurrency reserve with bitcoin, XRP, ether & more

    March 2, 2025

    Inside Gareth Southgate’s wealth, salary details, property investments and post-resignation plan

    July 17, 2024

    Steady paychecks in shaky times: The power of dividend stocks – Stock Insights News

    April 15, 2025
    Weekly Top

    EQT accepte de verser 167,5 millions de dollars pour régler un recours collectif

    June 27, 2025

    Lummis Says Congress Needs To Set Cryptocurrency Rules By End Of Year

    June 27, 2025

    Mastercard et enza s’associent pour dynamiser l’innovation fintech en Afrique

    June 27, 2025
    Editor's Pick

    Rhinebeck Chamber talks agriculture at Dutchess County Fair

    August 22, 2024

    Robinhood Crypto Volumes Double in Q3; October Number Set To Exceed Quarterly-Average At $5B, Says CFO – Robinhood Markets (NASDAQ:HOOD)

    October 31, 2024

    Should You Be Worried About Toxic Metal in Tampons?

    July 15, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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