(Typo corrected)
FRANKFURT/ZÜRICH (dpa-AFX Broker) - Shares of reinsurers such as Munich Re and Swiss Re declined on Monday. Analysts cited pricing pressure during the January contract renewal round. In January, policy prices are renegotiated. Munich Re most recently lost 1.2 percent to €534.00 in the DAX, while Hannover Re also fell by more than one percent and Swiss Re dropped 3.5 percent to CHF 128.20 in the SMI.
"After the exceptionally profitable period from 2023 to 2025, major reinsurance brokers are describing the January 1, 2026 renewal round as a phase of softening in the hard market," wrote analysts Michael Christodoulou and Michael Huttner from Berenberg.
Ivan Bokhmat of Barclays also noted a significant increase in pricing pressure during this year's renewals, which could pose additional risk for consensus estimates./ck/mis
