Marine constituted 3% of business in the January reinsurance renewals (total €15.1bn, and dominated by property and casualty). Munich Re reported €3.4bn IFRS net income, up from €2.9bn the previous year. The reinsurer reported a 3.2% increase in prices, but a 2.1% decline in volume. In the property-casualty reinsurance portfolio, specialty (aviation, marine and credit)…
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