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Munich Re, the world’s largest reinsurance firm, expects business to remain good in the near future despite global crises, disasters and wars. Chief executive Joachim Wenning described the company’s outlook for 2024 and 2025 as “pretty bright overall” in comments on Tuesday evening in Munich. He had already raised his profit target for 2023 from €4 billion to €4.5 billion ($4.4 billion to $4.9 billion) towards the end of the autumn and is aiming for an increase to around €5 billion in 2024. The year 2023 was very good for the firm, Wenning said with a view to the upcoming presentation of the c…

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