Munich Re expects reinsurance rate increases to intensify
Posted On: Mar. 16, 2018 5:51 AM CSTMunich Reinsurance Co. said that reinsurance rate increases are expected to "intensify" during renewals this year and perhaps beyond, Artemis.bm reports. The reinsurer expects to post a profit of up to €2.5 billion ($3 billion) this year, driven by its expectations for higher reinsurance pricing. Joachim Wenning, chief executive of Munich Re, said that the reinsurer will pursue opportunities in new markets in uninsured or under-insured risks.