Presentation - Renewals 2004 - Munich Re
Presentation - Renewals 2004 - Munich Re
Presentation - Renewals 2004 - Munich Re
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<strong>Munich</strong> <strong>Re</strong>’s renewals<br />
Highlights<br />
Overview<br />
<strong>Re</strong>insurance group Business units / Lines of business Outlook<br />
– <strong>Re</strong>newal season successful: all profitability targets met<br />
– Rate increases averaging nearly 5%<br />
– Further improvement in terms and conditions driven by risk<br />
limitations and exclusions<br />
– Overall growth flat<br />
Risk profile clearly improved;<br />
conditions for a continued strong operating performance set<br />
4
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