COVID-19 related losses of roughly €800 million in the first-quarter of the year hit reinsurance giant Munich Re, leading to a 65% year-on-year decline in net profit to €221 million. Additionally, Munich Re’s operating profit declined from the €771 million recorded in Q1 2019 to €397 million in Q1 2020, while the other non-operating result… Continue reading Munich Re’s COVID-19 Losses Reach €800M, Q1 Profit Falls
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