Overview

• At Munich Re's annual general meeting, CEO Joachim Wenning identified the US under President Trump as a European rival, alongside China and Russia.
• Wenning criticized political extremes within Germany and the EU for undermining European unity and strength.
• He urged Germany's next government to pivot from redistribution policies to fostering economic performance and competitiveness.
• The CEO warned that meaningful reforms would require citizens to forgo some established entitlements and embrace sacrifices.
• Wenning’s remarks mark a departure from Munich Re’s traditionally apolitical stance, reflecting growing corporate engagement in policy debates.