Copying and distributing are prohibited without permission of the publisher
A round-up of this month's biggest stories
01 April 2005
Read more:
[insurance]
[reinsurance]
[risk]
[munich re]
[insurance broker]
Analysts praise Munich
Re's exit from some US casualty lines
Munich Re's recent decision to exit certain casualty lines at one of its US subsidiaries shows good underwriting discipline, analysts believe.
The group said that Munich-American RiskPartners, a division of Munich Re's US subsidiary American Re, will exit commercial casualty and professional liability business written in the US. The business accounts for $136m of premium volume.
"It is saying to the market that, although this business is small fry for the company as a whole, Munich Re is actively managing the cycle and exiting business where it does not have a competitive advantage, and redeploying its capital where it can make a decent return," says Neil Manser, equity research analyst at investment bank Fox-Pitt, Kelton.
Mapfre looks for acquisitions
Spanish insurance group Mapfre is preparing to establish an international holding company to ease growth abroad. "We have E200m...
You must be logged in to view this page.
If you are already a registered user please log in here.
Alternatively, you can request a free trial or subscribe. For more information contact sdexter@euromoneyplc.com or call +44 (0) 20 7779 8223.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
