23 February 2018

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Munich Re Q2 P&C result boosted by low cat losses

9 August 2017

Munich Re's underwriting result for its property-casualty (P&C) reinsurance division improved during the second quarter of 2017, driven in large part by lower catastrophe losses and reserve releases.

The combined ratio for the division improved by 5.8 percentage points, to 93.9 percent, compared with the prior-year period, as Munich Re releases reserves of around EUR240mn, equivalent to 5.7 percentage points.

This compared with a slight improvement in the half-year combined ratio, to 95.5 percent, compared with 94.3 percent in the...

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