Munich Re: Record profit and cyber acquisition ahead of a strong autumn phase

Munich Re is one of the world's leading reinsurers, taking on risks that primary insurers do not want to bear alone. The company primarily earns money through reinsurance premiums, the primary insurance business of ERGO, and capital investment returns via the asset manager MEAG. Its broad positioning and strong financial strength give the reinsurance company a solid position in natural disasters, industrial, life, and specialty risks. There is a structural growth in demand for coverage as climate damage, cyber-attacks, artificial intelligence, and...