Munich Re expects rise in reinsurance prices following hurricane losses
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Munich Reinsurance Co. said that it expects some reversal of recent price softening across catastrophe business following industry-wide losses of about $100 billion due to the recent hurricanes, Artemis.bm reports. "We expect prices to rise again in the forthcoming negotiations – particularly in the markets that have been hardest hit by recent natural catastrophes," said Jorg Schneider, chief financial officer at Munich Re. "Our capitalization is strong, and we are able to take full advantage of opportunities arising from the likely market recovery," Mr. Schneider said.
