Munich Re to book €600mn Q1 profit as flags above-average major losses
Reinsurance giant Munich Re has preannounced it expects to report a net profit of €600mn ($723.4mn) in the first quarter, despite above-average major loss expenditure in its P&C reinsurance unit, driven by February’s Texas winter storms.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below