Analysts at Moody’s Investors Service report that the four largest European reinsurers—Munich Re, Swiss Re, Hannover Re, and SCOR — achieved a combined earning of €10.2 billion in 2023, more than double their earnings in 2022, attributed to higher prices and improved investment returns.
Moody’s report underscores that all four companies exhibited robust underwriting results. Despite a high number of natural disasters in 2023, the companies managed to reduce their exposure by setting higher coverage limits.
