Germany-based Munich Reinsurance Company AG recorded a third-quarter net profit of 2 billion euros ($2.3 billion), more than double the €907 million posted a year earlier, Artemis reported. Its property and casualty reinsurance operations contributed €1.2 billion due to very low major-loss expenditure, which pushed the third-quarter combined ratio down to 63% – much lower than last year’s 89%.
MSI now owns at least 12.5% of Berkley
December 5, 2025