Munchener Ruckversicherungs-Gesellschaft Mixed 3Q Results; A Quarter of Disappointing Underwriting
Munchener Ruckversicherungs-Gesellschaft reported a mixed set of third-quarter 2018 results. Clearly, these numbers are much more impressive than the comparable period one year ago. However, that 2017 natural catastrophe season was much more severe than we have come to be used to deal with. And while this isn’t a bad posting for the business in terms of underwriting, it is certainly by no means spectacular. Essentially, the reinsurance result came in at EUR 309 million consolidated. And we get t...Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.
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