Munich Re expects stable property rates

Munich Re, the world’s biggest reinsurer, says it expects stable rates for its property and casualty reinsurance at January price negotiations.

“Prices will remain largely stable, chiefly due to the still comparatively low interest rates,” for proportional business in which a quota of claims and premiums is shared with a primary insurer, the company said.

The Munich-based company “predicts no significant changes in prices and conditions” in other business, it said.