Deals
Munich Re Says Capital Relief Aids Life Reinsurance Gains
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Munich Re, the world’s biggest reinsurer, expects life reinsurance premiums to grow as the business takes on more risk from insurers trying to meet tougher capital requirements.
Under capital relief deals, reinsurers assume risks, such as mortality claims on a life insurance portfolio, for a defined period of time in return for a share of future premiums. Those transactions, mainly in North America, have driven premium growth over the past three years, said Joachim Wenning, management board member responsible for life reinsurance.