{"id":1063,"date":"2025-11-11T09:30:53","date_gmt":"2025-11-11T10:30:53","guid":{"rendered":"http:\/\/ateliersfurrer.com\/?p=1063"},"modified":"2025-11-11T13:29:36","modified_gmt":"2025-11-11T13:29:36","slug":"munich-re-estimates-mid-triple-digit-million-eur-loss-from-hurricane-melissa","status":"publish","type":"post","link":"http:\/\/ateliersfurrer.com\/index.php\/2025\/11\/11\/munich-re-estimates-mid-triple-digit-million-eur-loss-from-hurricane-melissa\/","title":{"rendered":"Munich Re estimates mid-triple digit million EUR loss from Hurricane Melissa"},"content":{"rendered":"

Despite it still being early days, Christoph Jurecka, Chief Financial Officer at Munich Re, has estimated that the firm\u2019s losses related to Hurricane Melissa will reach the mid-triple-digit million-euro range.<\/p>\n

\"MunichDuring Munich Re\u2019s Q3 2025<\/a> earnings call, Jurecka said, \u201cMelissa, our current assumption is that it will be a mid-triple digit million EUR number for the loss.\u201d<\/p>\n

Andrew Buchanan, CFO of Reinsurance at Munich Re, during the Q&A with analysts, also commented on the potential impact of Melissa, echoing Jurecka\u2019s message that a mid-triple digit loss number is expected, but adding that this fits comfortably inside the reinsurer\u2019s Q4\u201925 loss budget.<\/p>\n

Earlier today, Munich Re also confirmed its annual guidance of \u20ac6 billion for the 2025 financial year, as its net result rose 120% in the third quarter and 12% over the first nine months of the year.<\/p>\n

As reported yesterday, Hannover Re, another of Europe\u2019s big four reinsurers, also expects a three-digit loss from Hurricane Melissa<\/a>, but is confident that its share of the loss will be less than the roughly \u20ac450 million of unused Q3 large loss budget.<\/p>\n

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\"Ascot<\/a><\/div>\n<\/div>\n

Alongside this, Hannover Re raised its full year 2025 net income guidance<\/a> by \u20ac200 million to \u20ac2.6 billion, on the back of a strong performance in 9M\u201925.<\/p>\n

Thierry L\u00e9ger, CEO of European carrier SCOR, also commented on Melissa, acknowledging the severity of the event but stating it is still too early to provide a loss estimate.<\/p>\n

He said, \u201cOn Melissa, it\u2019s fair to say that it has been a devastating event for the people and population. There have been winds with speed levels close to 300 kilometres an hour, and even strong buildings have been down. So a very, very difficult event for the people in Jamaica. For us, it\u2019s too early to tell where the real losses will be, so we prefer not to comment at this point in time. But it\u2019s fair to say that it will be an event in which we will participate in our fair share, but again, too early to say.\u201d<\/p>\n

SCOR released its Q3\u201925 results<\/a> on 31st October, reporting net income of \u20ac217 million, reversing the loss for the same period last year, as the property and casualty combined ratio strengthened to 80.9%.<\/p>\n

Swiss Re, the last of Europe\u2019s big four reinsurers to report its results, is scheduled to do so on Friday, 14th November, and may comment on Melissa\u2019s impact.<\/p>\n

In addition, catastrophe risk modellers have released initial insured loss estimates for Hurricane Melissa. Moody\u2019s RMS Event Response<\/a> estimates private market insured losses between $3 billion and $5 billion, while Karen Clark & Company<\/a> places privately insured losses in Jamaica and Cuba at $2.4 billion.<\/p>\n

Cotality<\/a> anticipates losses of $1 billion to $2.5 billion, and Verisk\u2019s Extreme Event Solutions<\/a> group has warned that insured losses to onshore property in Jamaica could range from $2.2 billion to $4.2 billion.<\/p>\n

Given the low insurance penetration in the affected regions, the total economic cost is expected to be far greater, with AccuWeather posting a preliminary estimate of $48 billion to $52 billion<\/a> in overall damage and losses.<\/p>\n

The post Munich Re estimates mid-triple digit million EUR loss from Hurricane Melissa<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite it still being early days, Christoph Jurecka, Chief Financial Officer at Munich Re, has estimated that the firm\u2019s losses related to Hurricane Melissa will reach the mid-triple-digit million-euro range. During Munich Re\u2019s Q3 2025 earnings call, Jurecka said, \u201cMelissa,…<\/p>\n","protected":false},"author":1,"featured_media":1065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/1063"}],"collection":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=1063"}],"version-history":[{"count":3,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/1063\/revisions"}],"predecessor-version":[{"id":1067,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/1063\/revisions\/1067"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/1065"}],"wp:attachment":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=1063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=1063"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=1063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}