Fitch Ratings has affirmed the AA insurer financial strength and long-term rating for Munich Re, but said the outlook on all ratings remained negative.

It said the rating reflected Munich Re's excellent market position, strong underwriting results from reinsurance business and balance sheet strengths.

Mitigating factors in the rating are continued concerns over market reserving levels in the US and overall group earnings that are not yet commensurate with the current rating level.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.