Munich Re pegs 2024 extra European nat-cat demand at EUR5bn
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Munich Re pegs 2024 extra European nat-cat demand at EUR5bn

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Munich Re has estimated demand for additional cat capacity in Europe for 2024 at around EUR5bn ($5.27bn), of which around EUR2bn will derive from Germany.

In a pre-Baden-Baden press conference today, Clarisse Kopff, board member responsible for Europe and Latin America, said geopolitical uncertainty, a muted economic outlook, increasing cyber threats and cat events, and “sticky” inflation will drive continuing reinsurance demand in Europe.

Kopff...

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