Munich Re expands property/casualty reinsurance book

Posted On: May. 9, 2018 5:54 AM CST

Munich Reinsurance Co. property/casualty reinsurance premiums grew nearly 17% to €5.3 billion ($6.3 billion) in the first quarter, driven by organic growth and better pricing, Artemis.bm reports. Munich Re's property/casualty reinsurance premiums totaled €4.5 billion in the first quarter of 2017. The reinsurer's premiums grew 8% to €1.6 billion at the April renewal season.