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572  
573
574  
575  
576
577
578
579  
580
581  
582  <li class="headerLinkFinderItem section">
583
584  <a data-keywords="HSB, UK, United Kingdom, Great Britain, HSB Engineering Insurance Services Limited, Irleand, Scotland, Wales,, Channel Islands, Isle of Man, Northern Ireland" class="cmp-list__item-link" href="https://www.munichre.com/hsbeil/en.html">
585    HSB | UK and Ireland
586  </a>
587
588
589    
590</li>
591
592
593  
594  
595
596  
597  
598
599
600
601  
602
603  
604  <li class="headerLinkFinderItem section">
605
606  <a data-keywords="UK, United Kingdom, GJWPC" class="cmp-list__item-link" href="https://www.grovesjohnwestrup.com/en.html">
607    GrovesJohnWestrup
608  </a>
609
610
611    
612</li>
613
614
615  
616  
617
618  
619  
620
621
622
623  
624
625  
626  <li class="headerLinkFinderItem section">
627
628  <a data-keywords="Germany" class="cmp-list__item-link" href="https://www.meag.com/">
629    MEAG
630  </a>
631
632
633    
634</li>
635
636
637  
638  
639
640  
641  
642
643
644
645  
646
647  
648  <li class="headerLinkFinderItem section">
649
650
651    
652</li>
653
654
655  
656  
657
658  
659  
660
661
662
663  
664
665  
666  <li class="headerLinkFinderItem section">
667
668  <a data-keywords="Munich Re Group, München, Bavaria, Germany" class="cmp-list__item-link" href="https://www.munichre.com/en.html">
669    Munich Re Group
670  </a>
671
672
673    
674</li>
675
676
677  
678  
679
680  
681  
682
683
684
685  
686
687  
688  <li class="headerLinkFinderItem section">
689
690  <a data-keywords="South Africa , MRoA, " class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide/sub-saharan-africa/about-us.html">
691    Munich Re Africa Branch
692  </a>
693
694
695    
696</li>
697
698
699  
700  
701
702  
703  
704
705
706
707  
708
709  
710  <li class="headerLinkFinderItem section">
711
712  <a data-keywords="APAC Life Health Asia Pacific Singapore" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide/asia-pacific/about-us.html">
713    Munich Re Asia Pacific Life and Health (APAC)
714  </a>
715
716
717    
718</li>
719
720
721  
722  
723
724  
725  
726
727
728
729  
730
731  
732  <li class="headerLinkFinderItem section">
733
734  <a data-keywords="Japan, India, Korea, Southeast Asia, Asia, Pacific, Singapore, APAC, Australia, New Zealand, Greater China" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#asia-pacific">
735    Munich Re Asia Pacific Non-Life (APAC)
736  </a>
737
738
739    
740</li>
741
742
743  
744  
745
746  
747  
748
749
750
751  
752
753  
754  <li class="headerLinkFinderItem section">
755
756  <a data-keywords="Automation Solutions, Dublin, Ireland, MRAS" class="cmp-list__item-link" href="https://www.munichre.com/automation-solutions/en.html">
757    Munich Re Automation Solutions Ltd
758  </a>
759
760
761    
762</li>
763
764
765  
766  
767
768  
769  
770
771
772
773  
774
775  
776  <li class="headerLinkFinderItem section">
777
778  <a data-keywords="Beijing, China, PRC, Greater China" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#china-branch">
779    Munich Re Beijing Branch
780  </a>
781
782
783    
784</li>
785
786
787  
788  
789
790  
791  
792
793
794
795  
796
797  
798  <li class="headerLinkFinderItem section">
799
800  <a data-keywords="North America, Canada " class="cmp-list__item-link" href="https://www.munichre.com/ca-life/en.html">
801    Munich Re Canada Life
802  </a>
803
804
805    
806</li>
807
808
809  
810  
811
812  
813  
814
815
816
817  
818
819  
820  <li class="headerLinkFinderItem section">
821
822  <a data-keywords="North America, Canada " class="cmp-list__item-link" href="https://www.munichre.com/ca-non-life/en.html">
823    Munich Re Canada Non-Life
824  </a>
825
826
827    
828</li>
829
830
831  
832  
833
834  
835  
836
837
838
839  
840
841  
842  <li class="headerLinkFinderItem section">
843
844  <a class="cmp-list__item-link" href="https://www.munichre-foundation.org/en.html" target="_blank">
845    Munich Re Foundation
846  </a>
847
848
849    
850</li>
851
852
853  
854  
855
856  
857  
858
859
860
861  
862
863  
864  <li class="headerLinkFinderItem section">
865
866  <a data-keywords="Paris, France" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide/france/munich-re-france.html">
867    Munich Re France
868  </a>
869
870
871    
872</li>
873
874
875  
876  
877
878  
879  
880
881
882
883  
884
885  
886  <li class="headerLinkFinderItem section">
887
888  <a data-keywords="F&amp;C, F &amp; C," class="cmp-list__item-link" href="https://www.munichre.com/en/solutions/for-industry-clients/facultative-and-corporate.html">
889    Munich Re Facultative &amp; Corporate
890  </a>
891
892
893    
894</li>
895
896
897  
898  
899
900  
901  
902
903
904
905  
906
907  
908  <li class="headerLinkFinderItem section">
909
910  <a data-keywords="China, Hong Kong, Shanghai, Beijing, Taipei, Taiwan " class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#china-branch">
911    Munich Re Greater China 
912  </a>
913
914
915    
916</li>
917
918
919  
920  
921
922  
923  
924
925
926
927  
928
929  
930  <li class="headerLinkFinderItem section">
931
932  <a data-keywords="China, Hong Kong, HK," class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#china-branch">
933    Munich Re Hong Kong Branch
934  </a>
935
936
937    
938</li>
939
940
941  
942  
943
944  
945  
946
947
948
949  
950
951  
952  <li class="headerLinkFinderItem section">
953
954  <a data-keywords="India, Mumbai" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide/india/about-us.html#india-branch">
955    Munich Re India Branch
956  </a>
957
958
959    
960</li>
961
962
963  
964  
965
966  
967  
968
969
970
971  
972
973  
974  <li class="headerLinkFinderItem section">
975
976  <a data-keywords="Germany" class="cmp-list__item-link" href="https://www.munichreinvestmentpartners.com/en.html">
977    Munich Re Investment Partners
978  </a>
979
980
981    
982</li>
983
984
985  
986  
987
988  
989  
990
991
992
993  
994
995  
996  <li class="headerLinkFinderItem section">
997
998  <a data-keywords="Italy, Italia, Milan, Milano" class="cmp-list__item-link" href="https://www.munichre.com/it/azienda/informazioni-su-munich-re/munich-re-in-tutto-il-mondo/italia/munich-re-italia.html">
999    Munich Re Italy - Münchener Rück Servizi Tecnici S.r.l. 
1000  </a>
1001
1002
1003    
1004</li>
1005
1006
1007  
1008  
1009
1010  
1011  
1012
1013
1014
1015  
1016
1017  
1018  <li class="headerLinkFinderItem section">
1019
1020  <a data-keywords="Japan, Tokyo" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#japan-branch">
1021    Munich Re Japan Branch
1022  </a>
1023
1024
1025    
1026</li>
1027
1028
1029  
1030  
1031
1032  
1033  
1034
1035
1036
1037  
1038
1039  
1040  <li class="headerLinkFinderItem section">
1041
1042  <a data-keywords="Korea, South Korea, Seoul" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide/korea/about-us.html#korea-branch">
1043    Munich Re Korea Branch
1044  </a>
1045
1046
1047    
1048</li>
1049
1050
1051  
1052  
1053
1054  
1055  
1056
1057
1058
1059  
1060
1061  
1062  <li class="headerLinkFinderItem section">
1063
1064  <a data-keywords="Taipei, Taiwan, China, " class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#office-taipei">
1065    Munich Re Liaison Office Taipei 
1066  </a>
1067
1068
1069    
1070</li>
1071
1072
1073  
1074  
1075
1076  
1077  
1078
1079
1080
1081  
1082
1083  
1084  <li class="headerLinkFinderItem section">
1085
1086  <a data-keywords="Thailand, Bangkok" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#thailand-office">
1087    Munich Re Liaison Office Thailand
1088  </a>
1089
1090
1091    
1092</li>
1093
1094
1095  
1096  
1097
1098  
1099  
1100
1101
1102
1103  
1104
1105  
1106  <li class="headerLinkFinderItem section">
1107
1108  <a data-keywords="Life US, America, USA, " class="cmp-list__item-link" href="https://www.munichre.com/us-life/en.html">
1109    Munich Re Life US - Munich American Reassurance Company, Inc
1110  </a>
1111
1112
1113    
1114</li>
1115
1116
1117  
1118  
1119
1120  
1121  
1122
1123
1124
1125  
1126
1127  
1128  <li class="headerLinkFinderItem section">
1129
1130  <a data-keywords="Malaysia, Kuala Lumpur" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#malaysia-branch">
1131    Munich Re Malaysia Branch
1132  </a>
1133
1134
1135    
1136</li>
1137
1138
1139  
1140  
1141
1142  
1143  
1144
1145
1146
1147  
1148
1149  
1150  <li class="headerLinkFinderItem section">
1151
1152  <a data-keywords="Malta" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#malta">
1153    Munich Re of Malta
1154  </a>
1155
1156
1157    
1158</li>
1159
1160
1161  
1162  
1163
1164  
1165  
1166
1167
1168
1169  
1170
1171  
1172  <li class="headerLinkFinderItem section">
1173
1174  <a data-keywords="Malta, PCC" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#malta">
1175    Munich Re PCC 
1176  </a>
1177
1178
1179    
1180</li>
1181
1182
1183  
1184  
1185
1186  
1187  
1188
1189
1190
1191  
1192
1193  
1194  <li class="headerLinkFinderItem section">
1195
1196  <a data-keywords="RMP, Service GmbH" class="cmp-list__item-link" href="https://www.munichre.com/rmp/en.html">
1197    Munich Re Risk Management Partners
1198  </a>
1199
1200
1201    
1202</li>
1203
1204
1205  
1206  
1207
1208  
1209  
1210
1211
1212
1213  
1214
1215  
1216  <li class="headerLinkFinderItem section">
1217
1218  <a data-keywords="Service GmbH, RMP, Risk Suite" class="cmp-list__item-link" href="/munichreservicegmbh/en/about-us.html#germany">
1219    Munich Re Service GmbH
1220  </a>
1221
1222
1223    
1224</li>
1225
1226
1227  
1228  
1229
1230  
1231  
1232
1233
1234
1235  
1236
1237  
1238  <li class="headerLinkFinderItem section">
1239
1240  <a data-keywords="Shanghai, China, " class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#china-branch">
1241    Munich Re Shanghai Representative Office
1242  </a>
1243
1244
1245    
1246</li>
1247
1248
1249  
1250  
1251
1252  
1253  
1254
1255
1256
1257  
1258
1259  
1260  <li class="headerLinkFinderItem section">
1261
1262  <a data-keywords="Singapore, Regional Center Centre" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#singapore-branch">
1263    Munich Re Singapore Branch 
1264  </a>
1265
1266
1267    
1268</li>
1269
1270
1271  
1272  
1273
1274  
1275  
1276
1277
1278
1279  
1280
1281  
1282  <li class="headerLinkFinderItem section">
1283
1284  <a data-keywords="MRS, GSI, global markets" class="cmp-list__item-link" href="https://www.munichre.com/specialty/en.html">
1285    Munich Re Specialty
1286  </a>
1287
1288
1289    
1290</li>
1291
1292
1293  
1294  
1295
1296  
1297  
1298
1299
1300
1301  
1302
1303  
1304  <li class="headerLinkFinderItem section">
1305
1306
1307    
1308</li>
1309
1310
1311  
1312  
1313
1314  
1315  
1316
1317
1318
1319  
1320
1321  
1322  <li class="headerLinkFinderItem section">
1323
1324  <a data-keywords="NMU, UK, United Kingdom, GSI, MRS, Global Markets" class="cmp-list__item-link" href="https://www.nmu.co.uk/">
1325    Munich Re Specialty - GM, UK 
1326  </a>
1327
1328
1329    
1330</li>
1331
1332
1333  
1334  
1335
1336  
1337  
1338
1339
1340
1341  
1342
1343  
1344  <li class="headerLinkFinderItem section">
1345
1346  <a data-keywords="Syndicate, UK, United Kingdom, GSI, MRS, Global Markets" class="cmp-list__item-link" href="https://www.munichre.com/specialty/global-markets-syndicate/en.html">
1347    Munich Re Specialty - GM, Syndicate
1348  </a>
1349
1350
1351    
1352</li>
1353
1354
1355  
1356  
1357
1358  
1359  
1360
1361
1362
1363  
1364
1365  
1366  <li class="headerLinkFinderItem section">
1367
1368  <a data-keywords="global, GSI, MRS, NA, US, USA, MRSI" class="cmp-list__item-link" href="https://www.munichre.com/specialty/north-america/en.html">
1369    Munich Re Specialty - North America
1370  </a>
1371
1372
1373    
1374</li>
1375
1376
1377  
1378  
1379
1380  
1381  
1382
1383
1384
1385  
1386
1387  
1388  <li class="headerLinkFinderItem section">
1389
1390  <a data-keywords="MRS, GSI,  north America, USA, UK, Bell &amp; Clements," class="cmp-list__item-link" href="https://www.munichre.com/specialty/north-america/en/solutions/binding-authorities.html">
1391    Munich Re Specialty - NA, Binding Authorities
1392  </a>
1393
1394
1395    
1396</li>
1397
1398
1399  
1400  
1401
1402  
1403  
1404
1405
1406
1407  
1408
1409  
1410  <li class="headerLinkFinderItem section">
1411
1412  <a data-keywords="global, GSI, MRS, NA, US, USA, MRSI, Canada" class="cmp-list__item-link" href="https://www.munichre.com/temple-insurance/en/strategic-partners.html">
1413    Munich Re Specialty - NA, Canada Insurance Programs
1414  </a>
1415
1416
1417    
1418</li>
1419
1420
1421  
1422  
1423
1424  
1425  
1426
1427
1428
1429  
1430
1431  
1432  <li class="headerLinkFinderItem section">
1433
1434
1435    
1436</li>
1437
1438
1439  
1440  
1441
1442  
1443  
1444
1445
1446
1447  
1448
1449  
1450  <li class="headerLinkFinderItem section">
1451
1452  <a data-keywords="Spain, Sucursal, Madrid" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#spain">
1453    Munich Re Sucursal en España
1454  </a>
1455
1456
1457    
1458</li>
1459
1460
1461  
1462  
1463
1464  
1465  
1466
1467
1468
1469  
1470
1471  
1472  <li class="headerLinkFinderItem section">
1473
1474  <a data-keywords="Underwriting Agents, UAE, Arabia, DIFC, United Arab Emirates, Dubai" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#arab">
1475    Munich Re Underwriting Agents (DIFC) Ltd. 
1476  </a>
1477
1478
1479    
1480</li>
1481
1482
1483  
1484  
1485
1486  
1487  
1488
1489
1490
1491  
1492
1493  
1494  <li class="headerLinkFinderItem section">
1495
1496  <a data-keywords="UK, Great Britain, England, Scotland" class="cmp-list__item-link" href="https://www.munichre.com/uk-life/en.html">
1497    Munich Re UK Life Branch
1498  </a>
1499
1500
1501    
1502</li>
1503
1504
1505  
1506  
1507
1508  
1509  
1510
1511
1512
1513  
1514
1515  
1516  <li class="headerLinkFinderItem section">
1517
1518  <a data-keywords="USA, Non-Life, US, North America" class="cmp-list__item-link" href="https://www.munichre.com/us-non-life/en.html">
1519    Munich Re US - Munich Reinsurance America, Inc
1520  </a>
1521
1522
1523    
1524</li>
1525
1526
1527  
1528  
1529
1530  
1531  
1532
1533
1534
1535  
1536
1537  
1538  <li class="headerLinkFinderItem section">
1539
1540  <a data-keywords="US, USA, North America" class="cmp-list__item-link" href="https://www.munichre.com/mrv/en.html">
1541    Munich Re Ventures
1542  </a>
1543
1544
1545    
1546</li>
1547
1548
1549  
1550  
1551
1552  
1553  
1554
1555
1556
1557  
1558
1559  
1560  <li class="headerLinkFinderItem section">
1561
1562  <a data-keywords="Australasia, Australia, Sydney" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#australia-branch">
1563    Munich Reinsurance Company of Australasia
1564  </a>
1565
1566
1567    
1568</li>
1569
1570
1571  
1572  
1573
1574  
1575  
1576
1577
1578
1579  
1580
1581  
1582  <li class="headerLinkFinderItem section">
1583
1584  <a data-keywords="Australasia, Australia, MHA, Sydney, MRAu" class="cmp-list__item-link" href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html#australia-new-zealand">
1585    Munich Holdings of Australasia Pty Limited (MHA)
1586  </a>
1587
1588
1589    
1590</li>
1591
1592
1593  
1594  
1595
1596  
1597  
1598
1599
1600
1601  
1602
1603  
1604  <li class="headerLinkFinderItem section">
1605
1606  <a data-keywords="New Re, New Reinsurance, Switzerland, Swiss, Zurich, Zürich, NewRe" class="cmp-list__item-link" href="https://www.newre.com/en.html">
1607    New Re - New Reinsurance Company
1608  </a>
1609
1610
1611    
1612</li>
1613
1614
1615  
1616  
1617
1618  
1619  
1620
1621
1622
1623  
1624
1625  
1626  <li class="headerLinkFinderItem section">
1627
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1832                            Munich Re: Risks are becoming more global and more volatile – the value of reinsurance has never been more evident than it is today
1833                            
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1881  <p class="publication__date">09/06/2026</p>
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2030  <mr-e-text class="cmp-text">
2031    <ul><li>Insured losses from non-peak perils exceed US$ 100bn for the first time last year</li><li>Cyber risks and risks posed by artificial intelligence are increasingly reshaping the risk landscape</li><li>Understanding risks and taking preventative measures can offset the impact of loss events</li><li>In-depth risk expertise and a diversified portfolio: Munich Re offers stability across market cycles</li></ul>
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2058      <div class="jumpmark" id="-1547345409" data-title="Blunck - The value of re..."></div>
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2068  <div class="imageBasic  " data-ratio="1" data-lazy-animation="appear-image">
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2075        <img src="/content/dam/munichre/global/shootings/board-of-management/blunck/blunck-2022/_7AP0740_square.jpg/_jcr_content/renditions/original./_7AP0740_square.jpg" alt="A man in a suit sits at a table, looking directly at the camera with a neutral expression." srcset="/content/dam/munichre/global/shootings/board-of-management/blunck/blunck-2022/_7AP0740_square.jpg/_jcr_content/renditions/crop-1x1-2560.jpg./crop-1x1-2560.jpg 2560w, /content/dam/munichre/global/shootings/board-of-management/blunck/blunck-2022/_7AP0740_square.jpg/_jcr_content/renditions/crop-1x1-1280.jpg./crop-1x1-1280.jpg 1280w, /content/dam/munichre/global/shootings/board-of-management/blunck/blunck-2022/_7AP0740_square.jpg/_jcr_content/renditions/crop-1x1-768.jpg./crop-1x1-768.jpg 768w, /content/dam/munichre/global/shootings/board-of-management/blunck/blunck-2022/_7AP0740_square.jpg/_jcr_content/renditions/crop-1x1-400.jpg./crop-1x1-400.jpg 400w" sizes="(min-width: 768px) 640px, 100vw" title="Thomas Blunck"/>
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2087      <div class="mr-m-quote__text-container" data-lazy-animation="appear-left">
2088        <blockquote class="mr-m-quote__quote">The value of reinsurance has never been more evident than it is today. A resilient reinsurance sector is capable of absorbing increasingly complex and globally interconnected risks. Offering reliable capacity underpinned by our exceptional financial strength, outstanding expertise and innovative solutions, we create stability, facilitate investment and support recovery following major loss events. These criteria are crucial to long-term economic resilience and the insurability of risks.</blockquote>
2089        <div class="mr-m-quote__caption">
2090
2091        
2092        
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2094          <div class="mr-m-quote__caption-body">
2095            <div class="mr-m-quote__caption-heading">Thomas Blunck</div>
2096            <div class="mr-m-quote__caption-company">Member of the Board of Management</div>
2097            <div class="mr-m-quote__caption-function">Munich Re</div>
2098          </div>
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2103  </mr-m-quote>
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2118    <div class="jumpmark" id="-1544927781" data-title="Reinsurance as society’s immune system "></div>
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2121      <h2 class="cmp-title__text">
2122        Reinsurance as society’s immune system 
2123        
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2141    <p>At present, the market environment is facing an abundance of uncertainties: the consequences of climate change, geopolitical tensions and rapid technological development are all occurring simultaneously and intensifying one another. It is at times like these that Munich Re’s great strength as a reliable partner for its clients and as an immune system for society as a whole becomes apparent. Insurance protects people, mitigates financial losses and enables progress. Just as the immune system protects the body from life-threatening illnesses, insurance protects people and businesses from losses that could threaten their very existence.</p>
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2156    <div class="jumpmark" id="-2131381715" data-title="In 2025, insured losses from non-peak perils exceeded US$ 100bn for the first time"></div>
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2158    <div class="cmp-title">
2159      <h2 class="cmp-title__text">
2160        In 2025, insured losses from non-peak perils exceeded US$ 100bn for the first time
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2179    <p>Natural hazards and natural disasters, in particular, remain significant risk drivers. The impacts of climate change are becoming increasingly tangible. </p>
2180<p>Last year, global insured losses passed the US$ 100bn mark for the sixth consecutive year. It is evident that even non-peak perils – events that fall short of the most severe natural disasters, such as hailstorms – have now exceeded the US$ 100bn mark per year (insured; US$ 104bn in 2025), following years of upward growth. Whilst non-peak perils were long regarded as events involving comparatively low losses overall, they have now begun to add up to loss levels that were previously associated primarily with major events. This trend is progressively becoming the new normal.</p>
2181<p>In addition to these medium-sized loss events, heat – a more insidious risk – is also on the increase as a driver of claims. The consequences of heatwaves have claimed a growing number of lives in recent months. Furthermore, exceptionally high temperatures, as well as floods and other non-peak perils, are having a significant impact on infrastru
2181cture and, consequently, on supply chains. They also cause considerable damage to agriculture, healthcare systems, and to buildings and technical installations. Consequently, such natural hazards are shifting more and more from being primarily ecological risks to economic risks, even though it is not always easy to establish a causal link in the case of heat-related damage.</p>
2182<p>Last year, the wildfires in California caused the greatest economic loss ever recorded in this category, totalling US$ 54bn. Europe, too, was severely affected by wildfires. Particularly recently, such fires have broken out in the immediate vicinity of major cities such as Bordeaux, Marseille and Madrid, as well as in Sicily. Ultimately, however, major urban centres in Europe have so far been spared. </p>
2183<p>In the current situation, reinsurers play a key role in helping better understand and assess changing risks. Furthermore, they can help with prevention and resilience, and cushion claims burdens. They thus make a pivotal contribution to economic stability and to the insurability of new and existing risks.</p>
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2197    
2198    <div class="jumpmark" id="-524938011" data-title="Risks arising from cyber attacks and artificial intelligence call for new risk management solutions and enhanced risk coverage "></div>
2199
2200    <div class="cmp-title">
2201      <h2 class="cmp-title__text">
2202        Risks arising from cyber attacks and artificial intelligence call for new risk management solutions and enhanced risk coverage 
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2220  <mr-e-text class="cmp-text">
2221    <p>The growing use of artificial intelligence and the threats posed by cyber risks are fundamentally changing the risk landscape. Although cyber risks currently present one of the greatest business risks, uptake of cyber insurance remains low. </p>
2222<p>The increasing professionalism of attackers, coupled with a risk landscape which is becoming ever more complex due to artificial intelligence, geopolitical tensions and systemic interdependencies, is driving up the costs of cyber crime even further. Studies by Munich Re show that 89% of companies say they do not feel adequately protected against this. The complexity of these risks calls for independent and innovative modelling, as well as specialist AI expertise, which Munich Re is able to offer its clients. </p>
2223<p>With Munich Re as the leading provider, certain standards have now been established for cyber risks, designed to address such risks precisely and provide appropriate cover. Concerning AI risks, this development is yet to come. Demand is growing; at the same time, given the complex nature of these risks, there is a need for in-depth expertise, a keen understanding of risk and clear wording in contracts. Moreover, Munich Re’s cedants and clients also benefit from innovative products. Munich Re is thus actively contributing to the development of the market for AI risk cover.</p>
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2238    <div class="jumpmark" id="-578133463" data-title="The current market necessitates a diversified portfolio and consistent cycle management "></div>
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2242        The current market necessitates a diversified portfolio and consistent cycle management 
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2261    <p>In the current climate, a holistic understanding of risk and broad diversification are becoming increasingly important. Through its broadly diversified global portfolio, Munich Re provides its clients with stability that extends beyond the various sector-specific and regionally very different market cycles. The strength of its balance sheet, its staff’s in-depth understanding of risk and its long-term, partnership-based relationships with clients enable Munich Re to provide market-leading capacity even during periods of market volatility. This is particularly true when competitors withdraw from the market following major loss events (such as COVID-19, Hurricane Ian, etc.), as was the case a few years ago, and clients have utmost need of Munich Re’s capacity and stability. At the same time, in market phases where available capital significantly exceeds demand, Munich Re consistently prioritises portfolio quality and profitability over mere growth in gross premiums, so that it can remain its clients’ most reliable partner even in more challenging times.</p>
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2288      <div class="jumpmark" id="-413510664" data-title="Golling - Volatility is n..."></div>
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2305        <img src="/content/dam/munichre/contentlounge/website-pieces/board-of-management/golling/MunichRe_StefanGolling_1AP08749_square.jpg/_jcr_content/renditions/original./MunichRe_StefanGolling_1AP08749_square.jpg" alt="A man in a suit and tie stands against a wooden panel background, looking directly at the camera." srcset="/content/dam/munichre/contentlounge/website-pieces/board-of-management/golling/MunichRe_StefanGolling_1AP08749_square.jpg/_jcr_content/renditions/crop-1x1-2560.jpg./crop-1x1-2560.jpg 2560w, /content/dam/munichre/contentlounge/website-pieces/board-of-management/golling/MunichRe_StefanGolling_1AP08749_square.jpg/_jcr_content/renditions/crop-1x1-1280.jpg./crop-1x1-1280.jpg 1280w, /content/dam/munichre/contentlounge/website-pieces/board-of-management/golling/MunichRe_StefanGolling_1AP08749_square.jpg/_jcr_content/renditions/crop-1x1-768.jpg./crop-1x1-768.jpg 768w, /content/dam/munichre/contentlounge/website-pieces/board-of-management/golling/MunichRe_StefanGolling_1AP08749_square.jpg/_jcr_content/renditions/crop-1x1-400.jpg./crop-1x1-400.jpg 400w" sizes="(min-width: 768px) 640px, 100vw" title="Stefan Golling"/>
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2318        <blockquote class="mr-m-quote__quote">Volatility is not a temporary phenomenon. Our mission is to pool our expertise, capacity and innovative strength to help our clients remain resilient, adapt successfully to change and navigate the new risk landscape with confidence. And regardless of market cycles, this remains true: we are there for our clients – especially when they need us most.</blockquote>
2319        <div class="mr-m-quote__caption">
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2325            <div class="mr-m-quote__caption-heading">Stefan Golling</div>
2326            <div class="mr-m-quote__caption-company">Member of the Board of Management</div>
2327            <div class="mr-m-quote__caption-function">Munich Re</div>
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2348    <div class="jumpmark" id="915669074" data-title="Steadily increasing reinsurance capital: a reliable source of capital "></div>
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2351      <h2 class="cmp-title__text">
2352        Steadily increasing reinsurance capital: a reliable source of capital 
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2371    <p>Furthermore, with reinsurance capital growing at a rate of &#43;5.8% per annum over the past eight years, the insurance sector has proved to be a reliable source of capital for its clients. Munich Re is shaping the market in a sustainable way through long-term partnerships and with a clear focus on client needs, in line with its Ambition 2030 corporate strategy. This self-image is also reflected in the very positive feedback from clients. With a Net Promoter Score of 70, the clients surveyed attest to Munich Re’s expertise, reliability and in-depth understanding of their respective businesses.</p>
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2427      
2428    </div>
2429  </div>
2430
2431
2432  
2433
2434</div>
2435</div>
2436<div class="rowColResponsiveGrid responsivegrid aem-GridColumn aem-GridColumn--default--12"><div class=" ">
2437
2438  
2439
2440  
2441  
2442
2443  <div class="row row--greyBackground">
2444    <div class="col ">
2445      
2446        <div class="richtext aem-GridColumn aem-GridColumn--default--12">
2447
2448  
2449  
2450    
2451
2452
2453</div>
2454
2455      
2456        <div class="richtext aem-GridColumn aem-GridColumn--default--12">
2457
2458  <mr-e-text class="cmp-text">
2459    <p><strong>Munich Re</strong></p>
2460<p>Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. Munich Re leverages its strengths to promote its clients’ business interests and technological progress. Moreover, Munich Re develops covers for new risks such as rocket launches, renewable energies, cyber risks and artificial intelligence. In the 2025 financial year, Munich Re generated insurance revenue of €60.4bn and a net result of €6.1bn. The Munich Re Group employed about 44,000 people worldwide as at 31 December 2025.</p>
2461<p><strong>Disclaimer</strong></p>
2462<p>This media release contains forward-looking statements that are based on current assumptions and forecasts of the management of Munich Re. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development of our Company, in particular the results, financial situation and performance. Munich Re assumes no liability to update these forward-looking statements or to conform them to future events or developments.</p>
2463
2464  </mr-e-text>
2465  
2466    
2467
2468
2469</div>
2470
2471      
2472    </div>
2473  </div>
2474
2475
2476  
2477
2478</div>
2479</div>
2480<div class="rowColResponsiveGrid responsivegrid aem-GridColumn aem-GridColumn--default--12"><div class=" ">
2481
2482  
2483
2484  
2485  
2486
2487  <div class="row ">
2488    <div class="col ">
2489      
2490        <div class="title aem-GridColumn aem-GridColumn--default--12">
2491
2492  <div class="h2">
2493
2494    
2495    <div class="jumpmark" id="2126964707" data-title="Further information"></div>
2496
2497    <div class="cmp-title">
2498      <h2 class="cmp-title__text">
2499        Further information
2500        
2501        
2502        
2503      </h2>
2504      
2505    </div>
2506
2507  </div>
2508  
2509    
2510
2511
2512</div>
2513
2514      
2515        <div class="teaserRowCw teaserRowCw--width-25 aem-GridColumn aem-GridColumn--default--12">
2516
2517  <div class="teaserRowCw__wrapper" data-lazy-animation="appear-bottom">
2518    
2519
2520
2521
2522
2523
2524
2525
2526  
2527
2528  
2529  
2530
2531  
2532  <a class="modularTeaser modularTeaser--standard " href="/content/dam/munichre/mrwebsitespressreleases/MunichRe-Media-Information-Monte-Carlo-2026.pdf/_jcr_content/renditions/original./MunichRe-Media-Information-Monte-Carlo-2026.pdf" target="_blank">
2533  
2534
2535   
2536
2537   <div class="modularTeaser__textContent">
2538    <div class="modularTeaser__headline">Media Service</div>
2539    <div class="modularTeaser__text">Print version</div>
2540    <div class="modularTeaser__link modularTeaser__link--download" aria-label="link">
2541      PDF, 170 KB
2542    </div>
2543  </div>
2544</a>
2545
2546
2547
2548    
2549
2550
2551  
2552  
2553
2554
2555
2556  
2557
2558  
2559  
2560
2561  
2562  <a class="modularTeaser modularTeaser--standard " href="/content/dam/munichre/mrwebsitespressreleases/MunichRe-Presentation-Monte-Carlo-2026.pdf/_jcr_content/renditions/original./MunichRe-Presentation-Monte-Carlo-2026.pdf" target="_blank">
2563  
2564
2565   
2566
2567   <div class="modularTeaser__textContent">
2568    <div class="modularTeaser__headline">Media Service</div>
2569    <div class="modularTeaser__text">Presentation – Monte Carlo 2026</div>
2570    <div class="modularTeaser__link modularTeaser__link--download" aria-label="link">
2571      PDF, 1 MB
2572    </div>
2573  </div>
2574</a>
2575
2576
2577
2578    
2579
2580
2581  
2582  
2583
2584
2585
2586
2587  </div>
2588
2589</div>
2590
2591      
2592        <div class="contactCollection aem-GridColumn aem-GridColumn--default--12">
2593
2594  
2595  
2596  <div class="contacts " data-article-info-jump-target>
2597    <div hidden id="experts-count">6</div>
2598    <div class="contacts__wrapper">
2599      
2600        <h4 class="contacts__headline">For media inquiries please contact</h4>
2601           
2602      <div class="contacts__outer">
2603        <div class="contacts__inner">
2604          <div class="contacts__item col">
2605            <div class="contacts__item-inner">
2606
2607
2608  <div class="contacts__accordion">
2609    <div class="contacts__content-image">
2610      <figure class="figure">
2611        <div data-cmp-lazy="true" data-cmp-src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Straub_Stefan.jpg" data-cmp-widths="100, 120, 150, 180" data-title=" Stefan Straub" class="cmp-image">
2612          <img class="cmp-image__image" data-cmp-hook-image="image" alt="Stefan Straub" title="Stefan Straub" src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Straub_Stefan.jpg"/></img>
2613        </div>
2614      </figure>
2615    </div>
2616
2617    <div>
2618      <div class="contacts__content-head">
2619        Stefan Straub
2620      </div>
2621
2622      <div class="contacts__content-subheadline">
2623        Head of Group Media Relations
2624      </div>
2625    </div>
2626
2627    <span class="contacts__icon icon-arrow-down"></span>
2628  </div>
2629
2630  <div class="contacts__content">
2631    <div class="contacts__content-subheadline contacts__content-subheadline--faded">
2632      
2633    </div>
2634
2635    <div class="contacts__content-text">
2636      
2637    </div>
2638
2639    <div class="contacts__details">
2640      <ul class="contacts__details-list">
2641        <li class="contacts__details-list-item">
2642          <strong>Phone</strong>
2643          <a href="tel:+49%20(89)%203891-9896" class="contacts__content-phone">+49 (89) 3891-9896</a>
2644        </li>
2645      </ul>
2646
2647      
2648
2649      
2650
2651      <ul class="contacts__details-list">
2652        <li class="contacts__details-list-item">
2653          <strong>Email</strong>
2654          <a href="mailto:[email protected]" class="contacts__content-email">[email protected]</a>
2655        </li>
2656      </ul>
2657
2658      <ul class="contacts__details-list">
2659        <li class="contacts__details-list-item">
2660          <strong>vCard</strong>
2661          <a href="/content/experience-fragments/munichre/mrwebsites/contacts/S/stefan-straub/stefan-straub/_jcr_content/root/expert.vcard.vcf" class="contacts__content-vcard">Download</a>
2662        </li>
2663      </ul>
2664    </div>
2665
2666    <div class="contacts__social-media">
2667      <ul class="contacts__social-media-list">
2668        
2669        
2670        
2671        
2672      </ul>
2673    </div>
2674
2675    
2676  </div>
2677
2678    
2679
2680</div>
2681          </div>
2682<div class="contacts__item col">
2683            <div class="contacts__item-inner">
2684
2685
2686  <div class="contacts__accordion">
2687    <div class="contacts__content-image">
2688      <figure class="figure">
2689        <div data-cmp-lazy="true" data-cmp-src="/content/dam/munichre/contentlounge/website-pieces/experts/Andreas-Klein_1280x1280px.jpg" data-cmp-widths="100, 120, 150, 180" class="cmp-image">
2690          <img class="cmp-image__image" data-cmp-hook-image="image" alt="Andreas Klein" title="Andreas Klein" src="/content/dam/munichre/contentlounge/website-pieces/experts/Andreas-Klein_1280x1280px.jpg/_jcr_content/renditions/original./Andreas-Klein_1280x1280px.jpg"/></img>
2691        </div>
2692      </figure>
2693    </div>
2694
2695    <div>
2696      <div class="contacts__content-head">
2697        Andreas Klein
2698      </div>
2699
2700      <div class="contacts__content-subheadline">
2701        Spokesperson
2702      </div>
2703    </div>
2704
2705    <span class="contacts__icon icon-arrow-down"></span>
2706  </div>
2707
2708  <div class="contacts__content">
2709    <div class="contacts__content-subheadline contacts__content-subheadline--faded">
2710      
2711    </div>
2712
2713    <div class="contacts__content-text">
2714      
2715    </div>
2716
2717    <div class="contacts__details">
2718      <ul class="contacts__details-list">
2719        <li class="contacts__details-list-item">
2720          <strong>Phone</strong>
2721          <a href="tel:+49%20(89)%203891-6111" class="contacts__content-phone">+49 (89) 3891-6111</a>
2722        </li>
2723      </ul>
2724
2725      
2726
2727      
2728
2729      <ul class="contacts__details-list">
2730        <li class="contacts__details-list-item">
2731          <strong>Email</strong>
2732          <a href="mailto:[email protected]" class="contacts__content-email">[email protected]</a>
2733        </li>
2734      </ul>
2735
2736      <ul class="contacts__details-list">
2737        <li class="contacts__details-list-item">
2738          <strong>vCard</strong>
2739          <a href="/content/experience-fragments/munichre/mrwebsites/contacts/K/klein-andreas/master/_jcr_content/root/expert.vcard.vcf" class="contacts__content-vcard">Download</a>
2740        </li>
2741      </ul>
2742    </div>
2743
2744    <div class="contacts__social-media">
2745      <ul class="contacts__social-media-list">
2746        
2747        
2748        
2749        
2750      </ul>
2751    </div>
2752
2753    
2754  </div>
2755
2756    
2757
2758</div>
2759          </div>
2760<div class="contacts__item col">
2761            <div class="contacts__item-inner">
2762
2763
2764  <div class="contacts__accordion">
2765    <div class="contacts__content-image">
2766      <figure class="figure">
2767        <div data-cmp-lazy="true" data-cmp-src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Joas_Irmgard.jpg" data-cmp-widths="100, 120, 150, 180" data-title="Irmgard Joas" class="cmp-image">
2768          <img class="cmp-image__image" data-cmp-hook-image="image" alt="Irmgard Joas" title="Irmgard Joas" src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Joas_Irmgard.jpg"/></img>
2769        </div>
2770      </figure>
2771    </div>
2772
2773    <div>
2774      <div class="contacts__content-head">
2775        Irmgard Joas
2776      </div>
2777
2778      <div class="contacts__content-subheadline">
2779        Spokesperson
2780      </div>
2781    </div>
2782
2783    <span class="contacts__icon icon-arrow-down"></span>
2784  </div>
2785
2786  <div class="contacts__content">
2787    <div class="contacts__content-subheadline contacts__content-subheadline--faded">
2788      
2789    </div>
2790
2791    <div class="contacts__content-text">
2792      
2793    </div>
2794
2795    <div class="contacts__details">
2796      <ul class="contacts__details-list">
2797        <li class="contacts__details-list-item">
2798          <strong>Phone</strong>
2799          <a href="tel:+49%20(89)%203891-6188" class="contacts__content-phone">+49 (89) 3891-6188</a>
2800        </li>
2801      </ul>
2802
2803      
2804
2805      
2806
2807      <ul class="contacts__details-list">
2808        <li class="contacts__details-list-item">
2809          <strong>Email</strong>
2810          <a href="mailto:[email protected]" class="contacts__content-email">[email protected]</a>
2811        </li>
2812      </ul>
2813
2814      <ul class="contacts__details-list">
2815        <li class="contacts__details-list-item">
2816          <strong>vCard</strong>
2817          <a href="/content/experience-fragments/munichre/mrwebsites/contacts/J/joas-irmgard/irmgard-joas/_jcr_content/root/expert.vcard.vcf" class="contacts__content-vcard">Download</a>
2818        </li>
2819      </ul>
2820    </div>
2821
2822    <div class="contacts__social-media">
2823      <ul class="contacts__social-media-list">
2824        
2825        
2826        
2827        
2828      </ul>
2829    </div>
2830
2831    
2832  </div>
2833
2834    
2835
2836</div>
2837          </div>
2838<div class="contacts__item col">
2839            <div class="contacts__item-inner">
2840
2841
2842  <div class="contacts__accordion">
2843    <div class="contacts__content-image">
2844      <figure class="figure">
2845        <div data-cmp-lazy="true" data-cmp-src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Ziegler_Frank.jpg" data-cmp-widths="100, 120, 150, 180" data-title="Frank Ziegler" class="cmp-image">
2846          <img class="cmp-image__image" data-cmp-hook-image="image" alt="Frank Ziegler" title="Frank Ziegler" src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Ziegler_Frank.jpg"/></img>
2847        </div>
2848      </figure>
2849    </div>
2850
2851    <div>
2852      <div class="contacts__content-head">
2853        Frank Ziegler
2854      </div>
2855
2856      <div class="contacts__content-subheadline">
2857        Spokesperson
2858      </div>
2859    </div>
2860
2861    <span class="contacts__icon icon-arrow-down"></span>
2862  </div>
2863
2864  <div class="contacts__content">
2865    <div class="contacts__content-subheadline contacts__content-subheadline--faded">
2866      
2867    </div>
2868
2869    <div class="contacts__content-text">
2870      
2871    </div>
2872
2873    <div class="contacts__details">
2874      <ul class="contacts__details-list">
2875        <li class="contacts__details-list-item">
2876          <strong>Phone</strong>
2877          <a href="tel:+49%2089%203891-3042" class="contacts__content-phone">+49 89 3891-3042</a>
2878        </li>
2879      </ul>
2880
2881      
2882
2883      
2884
2885      <ul class="contacts__details-list">
2886        <li class="contacts__details-list-item">
2887          <strong>Email</strong>
2888          <a href="mailto:[email protected]" class="contacts__content-email">[email protected]</a>
2889        </li>
2890      </ul>
2891
2892      <ul class="contacts__details-list">
2893        <li class="contacts__details-list-item">
2894          <strong>vCard</strong>
2895          <a href="/content/experience-fragments/munichre/mrwebsites/contacts/Z/ziegler-frank/master/_jcr_content/root/expert.vcard.vcf" class="contacts__content-vcard">Download</a>
2896        </li>
2897      </ul>
2898    </div>
2899
2900    <div class="contacts__social-media">
2901      <ul class="contacts__social-media-list">
2902        
2903        
2904        
2905        
2906      </ul>
2907    </div>
2908
2909    
2910  </div>
2911
2912    
2913
2914</div>
2915          </div>
2916<div class="contacts__item col">
2917            <div class="contacts__item-inner">
2918
2919
2920  <div class="contacts__accordion">
2921    <div class="contacts__content-image">
2922      <figure class="figure">
2923        <div data-cmp-lazy="true" data-cmp-src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Ashleigh-Lockhart.jpg,/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Ashleigh-Lockhart.jpg" data-cmp-widths="100, 120, 150, 180" class="cmp-image">
2924          <img class="cmp-image__image" data-cmp-hook-image="image" alt="Ashleigh Lockhart " title="Ashleigh Lockhart " src="/content/dam/munichre/global/images/staff-and-events-(data-protection-relevant)/Ashleigh-Lockhart.jpg/_jcr_content/renditions/crop-1x1-400.jpg./crop-1x1-400.jpg"/></img>
2925        </div>
2926      </figure>
2927    </div>
2928
2929    <div>
2930      <div class="contacts__content-head">
2931        Ashleigh Lockhart
2932      </div>
2933
2934      <div class="contacts__content-subheadline">
2935        Media Relations North America 
2936      </div>
2937    </div>
2938
2939    <span class="contacts__icon icon-arrow-down"></span>
2940  </div>
2941
2942  <div class="contacts__content">
2943    <div class="contacts__content-subheadline contacts__content-subheadline--faded">
2944      
2945    </div>
2946
2947    <div class="contacts__content-text">
2948      
2949    </div>
2950
2951    <div class="contacts__details">
2952      <ul class="contacts__details-list">
2953        <li class="contacts__details-list-item">
2954          <strong>Phone</strong>
2955          <a href="tel:+1%20980-395-2979" class="contacts__content-phone">+1 980-395-2979</a>
2956        </li>
2957      </ul>
2958
2959      
2960
2961      
2962
2963      <ul class="contacts__details-list">
2964        <li class="contacts__details-list-item">
2965          <strong>Email</strong>
2966          <a href="mailto:[email protected]" class="contacts__content-email">[email protected]</a>
2967        </li>
2968      </ul>
2969
2970      <ul class="contacts__details-list">
2971        <li class="contacts__details-list-item">
2972          <strong>vCard</strong>
2973          <a href="/content/experience-fragments/munichre/mrwebsites/contacts/L/lockhart-ashleigh/master/_jcr_content/root/expert.vcard.vcf" class="contacts__content-vcard">Download</a>
2974        </li>
2975      </ul>
2976    </div>
2977
2978    <div class="contacts__social-media">
2979      <ul class="contacts__social-media-list">
2980        
2981        
2982        
2983        
2984      </ul>
2985    </div>
2986
2987    
2988  </div>
2989
2990    
2991
2992</div>
2993          </div>
2994<div class="contacts__item col">
2995            <div class="contacts__item-inner">
2996
2997
2998  <div class="contacts__accordion">
2999    <div class="contacts__content-image">
3000      <figure class="figure">
3001        <div data-cmp-lazy="true" data-cmp-src="/content/dam/munichre/mrwebsitesspecialty/global-markets/Bud Hedges (1).jpg" data-cmp-widths="100, 120, 150, 180" class="cmp-image">
3002          <img class="cmp-image__image" data-cmp-hook-image="image" alt="Bud Hedges" title="Bud Hedges" src="/content/dam/munichre/mrwebsitesspecialty/global-markets/Bud%20Hedges%20(1).jpg/_jcr_content/renditions/crop-1x1-400.jpg./crop-1x1-400.jpg"/></img>
3003        </div>
3004      </figure>
3005    </div>
3006
3007    <div>
3008      <div class="contacts__content-head">
3009        Bud Hedges
3010      </div>
3011
3012      <div class="contacts__content-subheadline">
3013        Spokesperson – UK &amp; London Insurance Market
3014      </div>
3015    </div>
3016
3017    <span class="contacts__icon icon-arrow-down"></span>
3018  </div>
3019
3020  <div class="contacts__content">
3021    <div class="contacts__content-subheadline contacts__content-subheadline--faded">
3022      
3023    </div>
3024
3025    <div class="contacts__content-text">
3026      
3027    </div>
3028
3029    <div class="contacts__details">
3030      <ul class="contacts__details-list">
3031        <li class="contacts__details-list-item">
3032          <strong>Phone</strong>
3033          <a href="tel:+44%2077%205794%200981" class="contacts__content-phone">
3033+44 77 5794 0981</a>
3034        </li>
3035      </ul>
3036
3037      
3038
3039      
3040
3041      <ul class="contacts__details-list">
3042        <li class="contacts__details-list-item">
3043          <strong>Email</strong>
3044          <a href="mailto:[email protected]" class="contacts__content-email">[email protected]</a>
3045        </li>
3046      </ul>
3047
3048      <ul class="contacts__details-list">
3049        <li class="contacts__details-list-item">
3050          <strong>vCard</strong>
3051          <a href="/content/experience-fragments/munichre/mrwebsitesspecialty/contacts/global_markets/h/bud-hedges/master/_jcr_content/root/expert.vcard.vcf" class="contacts__content-vcard">Download</a>
3052        </li>
3053      </ul>
3054    </div>
3055
3056    <div class="contacts__social-media">
3057      <ul class="contacts__social-media-list">
3058        
3059        
3060        
3061        
3062      </ul>
3063    </div>
3064
3065    
3066  </div>
3067
3068    
3069
3070</div>
3071          </div>
3072
3073        </div>
3074      </div>
3075    </div>
3076  </div>
3077
3078</div>
3079
3080      
3081    </div>
3082  </div>
3083
3084
3085  
3086
3087</div>
3088</div>
3089
3090    
3091</div>
3092</div>
3093
3094
3095    </article>
3096  </main>
3097
3098  
3099
3100
3101<footer class="footer">
3102
3103<div class="footer__content">
3104  
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3106  <div class="goto-top">
3107    <button class="goto-top__toggler icon__backtotop" type="button" aria-label="Back to top of page">
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3109  </div>
3110
3111  <div class="footer__sitemap">
3112    <div class="footer__sitemap-group">
3113      <div class="linkList"><div class="cmp-title">
3114  <h6 class="cmp-title__text">Topics</h6>
3115</div>
3116
3117
3118
3119
3120
3121<ul class="cmp-list">
3122  
3123
3124  
3125  <li class="cmp-list__item section">
3126<div>
3127  <a href="https://www.munichre.com/en/risks.html" class="cmp-list__item-link">
3128    Risks
3129  </a>
3130</div>
3131
3132    
3133
3134</li>
3135
3136
3137  
3138  
3139
3140  
3141  
3142
3143
3144
3145  
3146
3147  
3148  <li class="cmp-list__item section">
3149<div>
3150  <a href="https://www.munichre.com/en/solutions/for-industry-clients.html" class="cmp-list__item-link">
3151    Solutions for Industrial Clients
3152  </a>
3153</div>
3154
3155    
3156
3157</li>
3158
3159
3160  
3161  
3162
3163  
3164  
3165
3166
3167
3168  
3169
3170  
3171  <li class="cmp-list__item section">
3172<div>
3173  <a href="https://www.munichre.com/en/solutions/reinsurance-property-casualty.html" class="cmp-list__item-link">
3174    Solutions for Insurers
3175  </a>
3176</div>
3177
3178    
3179
3180</li>
3181
3182
3183  
3184  
3185
3186  
3187  
3188
3189
3190
3191  
3192
3193  
3194  <li class="cmp-list__item section">
3195<div>
3196  <a href="https://www.munichre.com/en/insights.html" class="cmp-list__item-link" target="_blank">
3197    Insights
3198  </a>
3199</div>
3200
3201    
3202
3203</li>
3204
3205
3206  
3207  
3208
3209  
3210  
3211
3212
3213
3214  
3215
3216  
3217  <li class="cmp-list__item section">
3218<div>
3219  <a href="https://www.munichre.com/en/company/investors.html" class="cmp-list__item-link">
3220    Investor Relations
3221  </a>
3222</div>
3223
3224    
3225
3226</li>
3227
3228
3229  
3230  
3231
3232  
3233  
3234
3235
3236
3237  
3238
3239  
3240  <li class="cmp-list__item section">
3241<div>
3242  <a href="https://www.munichre.com/en/company/media-relations.html" class="cmp-list__item-link">
3243    Media Relations
3244  </a>
3245</div>
3246
3247    
3248
3249</li>
3250
3251
3252  
3253  
3254
3255  
3256  
3257
3258
3259
3260  
3261
3262  
3263  <li class="cmp-list__item section">
3264<div>
3265  <a href="https://www.munichre.com/en/company/about-munich-re/corporate-governance/compliance.html" class="cmp-list__item-link">
3266    Compliance
3267  </a>
3268</div>
3269
3270    
3271
3272</li>
3273
3274
3275  
3276  
3277
3278  
3279  
3280
3281
3282</ul>
3283
3284
3285
3286
3287
3288
3289
3290</div>
3291
3292    </div>
3293    <div class="footer__sitemap-group">
3294      <div class="linkList"><div class="cmp-title">
3295  <h6 class="cmp-title__text">About Munich Re</h6>
3296</div>
3297
3298
3299
3300
3301
3302<ul class="cmp-list">
3303  
3304
3305  
3306  <li class="cmp-list__item section">
3307<div>
3308  <a href="https://www.munichre.com/en/company/about-munich-re/munich-re-worldwide.html" class="cmp-list__item-link">
3309    Munich Re Worldwide
3310  </a>
3311</div>
3312
3313    
3314
3315</li>
3316
3317
3318  
3319  
3320
3321  
3322  
3323
3324
3325</ul>
3326
3327
3328
3329
3330
3331
3332
3333</div>
3334
3335    </div>
3336    <div class="footer__sitemap-group footer__sitemap-group--icons">
3337      <div class="linkList"><div class="cmp-title">
3338  <h6 class="cmp-title__text">Follow us</h6>
3339</div>
3340
3341
3342
3343
3344
3345<ul class="cmp-list">
3346  
3347
3348  
3349  <li class="list__item cmp-list__item section">
3350
3351
3352
3353  
3354
3355
3356<div>
3357  <a data-icon-url="/content/dam/munichre/contentlounge/website-pieces/icons/static-icons/mr-icons/linkedin-2.svg/_jcr_content/renditions/original.media_file.file/linkedin-2.svg" href="https://www.linkedin.com/company/munich-re" class="cmp-list__item-link icon__linkedin" aria-label="Linkedin" target="_blank"></a>
3358</div>
3359
3360    
3361
3362</li>
3363
3364
3365  
3366  
3367
3368  
3369  
3370
3371
3372
3373  
3374
3375  
3376  <li class="list__item cmp-list__item section">
3377
3378
3379
3380  
3381
3382
3383<div>
3384  <a data-icon-url="/content/dam/munichre/contentlounge/website-pieces/icons/static-icons/mr-icons/youtube.svg/_jcr_content/renditions/original.media_file.file/youtube.svg" rel="nofollow" href="https://www.youtube.com/user/MunichReVideo" class="cmp-list__item-link 
3384icon__youtube" aria-label="Youtube" target="_blank"></a>
3385</div>
3386
3387    
3388
3389</li>
3390
3391
3392  
3393  
3394
3395  
3396  
3397
3398
3399
3400  
3401
3402  
3403  <li class="list__item cmp-list__item section">
3404
3405
3406
3407  
3408
3409
3410<div>
3411  <a data-icon-url="/content/dam/munichre/contentlounge/website-pieces/icons/static-icons/mr-icons/instagram.svg/_jcr_content/renditions/original.media_file.file/instagram.svg" href="https://www.instagram.com/munichre" class="cmp-list__item-link icon__twitter" aria-label="Instagram" target="_blank"></a>
3412</div>
3413
3414    
3415
3416</li>
3417
3418
3419  
3420  
3421
3422  
3423  
3424
3425
3426
3427  
3428
3429  
3430  <li class="list__item cmp-list__item section">
3431
3432
3433
3434  
3435
3436
3437<div>
3438  <a data-icon-url="/content/dam/munichre/contentlounge/website-pieces/icons/static-icons/mr-icons/facebook.svg/_jcr_content/renditions/original.media_file.file/facebook.svg" href="http://www.facebook.com/pages/Munich-Re/136075046405169" class="cmp-list__item-link icon__facebook" aria-label="Facebook" target="_blank"></a>
3439</div>
3440
3441    
3442
3443</li>
3444
3445
3446  
3447  
3448
3449  
3450  
3451
3452
3453</ul>
3454
3455
3456
3457
3458
3459
3460
3461</div>
3462
3463    </div>
3464  </div>
3465  <div class="footer__metaWrapper">
3466    <div class="footer__meta">
3467      <div class="linkList">
3468
3469
3470
3471
3472
3473<ul class="cmp-list">
3474  
3475
3476  
3477  <li class="cmp-list__item section">
3478<div>
3479  <a href="https://www.munichre.com/en/general/contact.html" class="cmp-list__item-link">
3480    Contact
3481  </a>
3482</div>
3483
3484    
3485
3486</li>
3487
3488
3489  
3490  
3491
3492  
3493  
3494
3495
3496
3497  
3498
3499  
3500  <li class="cmp-list__item section">
3501<div>
3502  <a href="https://www.munichre.com/en/general/privacy.html" class="cmp-list__item-link">
3503    Privacy
3504  </a>
3505</div>
3506
3507    
3508
3509</li>
3510
3511
3512  
3513  
3514
3515  
3516  
3517
3518
3519
3520  
3521
3522  
3523  <li class="cmp-list__item section">
3524<div>
3525  <a href="#CookieSettings" class="cmp-list__item-link">
3526    Cookie Settings
3527  </a>
3528</div>
3529
3530    
3531
3532</li>
3533
3534
3535  
3536  
3537
3538  
3539  
3540
3541
3542
3543  
3544
3545  
3546  <li class="cmp-list__item section">
3547<div>
3548  <a href="https://www.munichre.com/en/general/legal-notice.html" class="cmp-list__item-link">
3549    Legal Notice
3550  </a>
3551</div>
3552
3553    
3554
3555</li>
3556
3557
3558  
3559  
3560
3561  
3562  
3563
3564
3565
3566  
3567
3568  
3569  <li class="cmp-list__item section">
3570<div>
3571  <a href="https://www.munichre.com/en/tools/sitemap.html" class="cmp-list__item-link">
3572    Sitemap
3573  </a>
3574</div>
3575
3576    
3577
3578</li>
3579
3580
3581  
3582  
3583
3584  
3585  
3586
3587
3588
3589  
3590
3591  
3592  <li class="cmp-list__item section">
3593<div>
3594  <a href="https://www.munichre.com/en/general/imprint.html" class="cmp-list__item-link">
3595    Imprint
3596  </a>
3597</div>
3598
3599    
3600
3601</li>
3602
3603
3604  
3605  
3606
3607  
3608  
3609
3610
3611</ul>
3612
3613
3614
3615
3616
3617
3618
3619</div>
3620
3621
3622			<div class="footer__switch" tabindex="0">
3623				<input type="checkbox" id="accessibilitySwitch"/>
3624        <label for="accessibilitySwitch" class="footer__switch-label">
3625          Accessibility mode
3626          <span class="footer__switch-rail">
3627          <span class="footer__switch-slider"></span>
3628          </span>    
3629      </label>
3630			</div>
3631
3632      <div class="copyright richtext">
3633
3634  <mr-e-text class="cmp-text">
3635    <p><a href="/content/dam/munichre/contentlounge/website-pieces/documents/munich-re-s-statement-on-the-uk-modern-slavery-act.pdf/_jcr_content/renditions/original./munich-re-s-statement-on-the-uk-modern-slavery-act.pdf" target="_blank" rel="noopener noreferrer">Munich Re’s Statement on the UK Modern Slavery Act</a></p>
3636
3637  </mr-e-text>
3638  
3639    
3640
3641
3642</div>
3643
3644    </div>
3645  </div>
3646</div>
3647</footer>
3648
3649
3650
3651
3652
3653
3654</div>
3655
3656<script>
3657if (typeof biotope !== 'undefined') {
3658  biotope.configuration.set('data.navigationUrl', '\/en\/_jcr_content.mainnavigation.json');
3659  biotope.configuration.set('data.searchUrl', '\/en\/_jcr_content.fulltextsearch.json');
3660  biotope.configuration.set('data.tgeoUrl', '\/en\/_jcr_content.targetgroupentryoverlay.json');
3661}
3662</script>
3662
3663
3664<div class="mr-m-navigation__global-config" data-tgeo-url="\/en\/_jcr_content.targetgroupentryoverlay.json" data-navigation-url="\/en\/_jcr_content.mainnavigation.json" data-search-url="\/en\/_jcr_content.fulltextsearch.json"></div>
3665
3666<div class="overlayContainer" role="dialog">
3667  <div class="xfpage page">
3668    <div class="overlay">
3669      <button data-overlay-close class="overlay__close" title="close overlay or press Escape key" aria-label="close overlay or press Escape key">
3670      </button>
3671      <div class="overlay__content">
3672        <div data-overlay-id="search">
3673          <div class="search" data-i18n-results="results" data-i18n-results-for="results for" data-rows-per-page="25">
3674
3675  <div class="search__header">
3676    <button class="search__burgerIcon" aria-label="open navigation"></button>
3677
3678    <div class="search__input">
3679      <div class="searchInput" data-default-type="pages">
3680        <div class="searchInput__wrapper">
3681          <div class="searchInput__search">
3682            <input class="searchInput__searchInput" name="search" type="text" placeholder="Search"/>
3683            <button class="searchInput__searchDelete" type="button" tabindex="-1"></button>
3684            <button class="searchInput__searchSubmit" type="button" title="Search" aria-label="Search">Search</button>
3685          </div>
3686        </div>
3687      </div>
3688    </div>
3689  </div>
3690
3691  <div class="search__content">
3692    <div class="search__resultSummary" role="status" aria-atomic="true"></div>
3693    <div class="search__typeFilter"></div>
3694    <div class="search__filters"></div>
3695    <div class="search__filterReset">Reset all filters</div>
3696  </div>
3697
3698  <div class="search__results">
3699    <div class="searchResults" data-i18n-label-download="Download" data-i18n-label-save-to-calendar="Save the Date">
3700
3701      <div class="searchResults__header">
3702        <div class="searchResults__count">
3703          <span class="searchResults__countNumber"></span>
3704          <span class="searchResults__countLabel">results</span>
3705        </div>
3706        <div class="searchResults__sorting">
3707          <div class="searchSorting"></div>
3708        </div>
3709      </div>
3710
3711      <div class="searchResults__results"></div>
3712      <div class="search__loadingIndicator"></div>
3713
3714      <div class="searchResults__actions">
3715        <div class="searchResult__actionsLoadMore">
3716          <a href="#" class="button button--secondary button--noDefaultHover button--db" role="button" tabindex="0">Load next results</a>
3717        </div>
3718      </div>
3719
3720    </div>
3721  </div>
3722
3723  <div class="search__loadingIndicator"></div>
3724  <button class="search__burgerIcon search__menu-hidden">
3725    <span class="mr-h-visually-hidden">close navigation or press Escape key</span>
3726  </button>
3727</div>
3728        </div>
3729        <div data-overlay-id="target-group-entry-overlay">
3730          <div class="targetGroupEntryOverlay">
3731          </div>
3732        </div>
3733        <div data-overlay-id="navigation">
3734          <mr-m-nav-mobile class="mr-m-navigation mr-m-nav-mobile" active-on-mq="1,2,3" label-aria-open-search="open search" label-aria-close-navigation="close navigation or press Escape key" label-aria-back="go back" api-url="/en/_jcr_content.mainnavigation.json">
3735          </mr-m-nav-mobile>
3736          <mr-m-nav-desktop class="mr-m-navigation mr-m-nav-desktop" active-on-mq="4,5" label-aria-open-search="open search" label-aria-close-navigation="close navigation or press Escape key" label-aria-back="go back" api-url="/en/_jcr_content.mainnavigation.json">
3737          </mr-m-nav-desktop>
3738        </div>
3739      </div>
3740    </div>
3741  </div>
3742</div>
3743
3744
3745
3746
3747
3748
3749
3750<div class="disclaimercontainer">
3751  
3752  
3753
3754  
3755  
3756
3757  
3758  
3759
3760  
3761  <div class="disclaimercontainer__fetchedByOverlaySearch"></div>
3762
3763</div>
3764
3765
3766
3767
3768
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3770
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3772
3773
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3777
3778
3779
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3781
3782
3783
3784            
3785    
3786    
3787
3788<script src="/en.frontend-configuration.js"></script>
3788
3789
3790  
3791<script nomodule src="/etc.clientlibs/munichre/mrwebsites/corporate/core/clientlibs/mrwebsites.corporate.legacy.lc-a1a2c31cda40795fd2504a44dc077893-lc.min.js"></script>
3791
3792
3793  
3794
3795
3796  
3797<script src="/etc.clientlibs/munichre/mrwebsites/corporate/core/clientlibs/mrwebsites.corporate.cq.app-react.lc-fcf85b7d33e317ade94fdf8694279e21-lc.min.js" type="module"></script>
vendor: 1 bytes, line 3797
3797
3798<script src="/etc.clientlibs/munichre/mrwebsites/corporate/core/clientlibs/mrwebsites.corporate.app.lc-601dd5d01807bc8209258f184ef7ebb2-lc.min.js" type="module"></script>
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3815<script> (function(){ var s = document.createElement('script'); var h = document.querySelector('head') || document.body; s.src = 'https://acsbapp.com/apps/app/dist/js/app.js'; s.async = true; s.onload = function(){ acsbJS.init(); }; h.appendChild(s); })(); </script>
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3825    
3826    
3827    
3828
3829            
3830
3831        
3832    </body>
3833</html>

Line numbers count LF bytes from the start of the resource, as the search results do. Vendor segments are library code the classifier recognised; they are stored but not indexed. Bytes are shown as Latin1 characters, one per byte.