Munich Re Q1 net result up 68%, buoyed by ERGO international growth and April renewals

The group expects reinsurance rates to hold for July renewals

Sarah JollyMay 8, 2024
Christoph Jurecka, CFO of Munich Re and German insurance association’s Presidential Committee on Corporate Management and Regulation.
Christoph Jurecka, CFO of Munich Re. Credit: Andreas Pohlmann

Munich Re said every line of business contributed to headline growth of 68% in its Q1 net result to €2.14bn, with primary carrier ERGO adding €252m, up 15% from Q1 2023 after incurring low major losses and a boost from intern...

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Sarah JollyMay 8, 2024
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