Munich Re’s Q3 profit down 20% after nat cat losses

Reinsurer hit by €1.38bn nat cat bill and four-fold fall in profit from ERGO international

Sarah JollyNovember 7, 2024
Christoph Jurecka, CFO of Munich Re and German insurance association’s Presidential Committee on Corporate Management and Regulation.
Christoph Jurecka Credit: Andreas Pohlmann

Munich Re said it remains on track to outperform its 2024 profit target despite booking a 20% drop in its Q3 result to €930m after above-average losses from nat cats, while profit from primary carrier ERGO fell back 5% to €16...

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Sarah JollyNovember 7, 2024
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