Munich Re reported first-quarter net income of €1.7 billion ($2 billion), up 57% from a year earlier, driven by lower major-loss claims and strong underwriting results in its property/casualty reinsurance and global specialty insurance businesses.
Gavin Souter is the Editor of Business Insurance. With over 20 years of experience as a financial journalist, he covers a range of topics including insurance, business and economics, and legal affairs, with a particular focus on lawsuits, energy policy, and corporate matters. He has been featured in The Sydney Morning Herald, Brisbane Times, and Business Insurance.
