Presentation - Renewals 2004 - Munich Re
Presentation - Renewals 2004 - Munich Re
Presentation - Renewals 2004 - Munich Re
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Business units – Global Clients<br />
Overview<br />
<strong>Re</strong>insurance group Business units / Lines of business<br />
Outlook<br />
– Premium reduction mainly due to planned reduction in RSA quota<br />
share (approx –€600m)<br />
– Increased rates for casualty business<br />
– Property: cutback of reinsurance for Lloyds<br />
– Treaties renewed at tighter terms and conditions<br />
– No shortage of capacity but disciplined competition<br />
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