Munich Re Sees Stable Reinsurance Rates in January Renewals

Munich Re Sees Stable Reinsurance Rates in January Renewals

Guenter Schiffmann/Bloomberg

The Munich-based reinsurer, led by Chief Executive Officer Nikolaus von Bomhard, said on Aug. 7 it expects to exceed its full-year profit target of about 2.5 billion euros after higher investment income helped second-quarter profit beat analysts’ estimates.