Munich Re cuts casualty/cyber business at 1.7 in favour of property cat

Published: Thu 8 Aug 2024

Munich Re reduced its proportional casualty business at the 1.7 renewals on the back of a falling rate adequacy and a changing risk appetite in D&O, general liability and cyber, CEO Joachim Wenning has said, with the reduction partly offset by growth in proportional property and natural catastrophe lines.