Munich Re takes hardline stance on 1.1 renewals with further adjustments needed to address loss creep

Published: Fri 25 Oct 2024

Munich Re has issued a stark warning to brokers and cedants that it is “unwilling to be challenged” on wordings, price and attachment points at the 1.1 renewals, with the reinsurer adding that further adjustments will be needed for some exposures to address loss creep.