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Summary of Q3 figures Munich Re achieved a profit of €527m (366m) in Q3 2022, and a total of €1,903m (2,061m) in Q1–3. The quarter was marked by above-average expenditure for natural catastrophes. Munich Re projects losses of around €1.6bn from Hurricane Ian. The operating result fell to –€346m, compared with €204m for the sameSummary of Q3 figures Munich Re achieved a profit of €527m (366m) in Q3 2022, and a total of €1,903m (2,061m) in Q1–3. The quarter was marked by above-average expenditure for natural catastrophes. Munich Re projects losses of around €1.6bn from Hurr...

Inflation, heightened cat activity and years of poor reinsurance returns are fuelling demands for wholesale change in the European market.

Reinsurers are demanding price increases and higher retentions as brokers warn cedants to be ‘realistic’.

The insurer reaped a large amount of new revenue, and said pricing pressure remained.

Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116 billion, the third