Hannover Re, Munich Re fall 4% as J.P. Morgan sees weaker reinsurance pricing

Investing.com · Navamya Acharya · 2026-11-06 12:59 UTC

Hannover Re, Munich Re fall 4% as J.P. Morgan sees weaker reinsurance pricing

Investing.com -- Shares in Hannover Re and Munich Re fell 4.4% and 4.2%, respectively, on Friday after J.P. Morgan downgraded both reinsurers, warning that reinsurance prices could fall further in 2027 following a benign 2026 hurricane season.

J.P. Morgan cut Hannover Re to "underweight" from "neutral" and Munich Re to "neutral" from "overweight".

Prices for property catastrophe cover fell 12% at the January 2026 renewals and 15% at the mid-year renewals, the broke said.

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