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Why Exor’s leadership changes put capital allocation and company performance in focus
Benoît Ribadeau-Dumas is becoming deputy chief executive officer of Exor as John Elkann tightens oversight of a portfolio spanning Ferrari, Stellantis, Philips, healthcare, luxury, media and investment management.
Munich Re (ETR: MUV2) trades 23% below 52-week high as reinsurance pricing softens into hurricane season
Munich Re beat Q1 by 57% and reaffirmed €6.3bn guidance. The stock is down 23%. The real question is whether softening renewal prices break the Ambition 2030 thesis.