Munich Re's Cossette retires; Maistry takes over APAC MEA
Cossette led significant growth and digital innovation over 19 years; Maistry, currently Global Chief Actuary, will succeed in H2 2026.
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Global reinsurance and primary insurance group
munichre.comLast updated
In short: Munich Re reported a strong Q1 2026 net result of €1.7 billion and approved a record €24 dividend, despite facing a softening reinsurance market.
Cossette led significant growth and digital innovation over 19 years; Maistry, currently Global Chief Actuary, will succeed in H2 2026.
Four of the last five years were the costliest on record, with each major non-peak peril hitting its costliest year in this period.
The results were presented by CFO Andrew Buchanan.
Excellent combined ratios in property-casualty and Life/Health, ERGO contribution, and reaffirmed outlook.
In the period from June 10, 2026 to June 18, 2026 inclusive, a total of 169,692 shares were repurchased under the share buyback program of Munich Reinsurance Company Aktiengesellschaft in...
Munich Re drastically reduces retrocession and relies on equity capital. Analyst sees risk from possible hurricane damage and price declines.
Munich Re repurchases shares as Q1 profit jumps, but reinsurance oversupply and euro headwinds weigh on stock. Cyber insurance growth offsets some pressure.
Munich Re increases buybacks to 2.25 billion euros, rejects unprofitable contracts and massively reduces retrocessions. Profit rises, stock market remains skeptical.
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