Global reinsurance giant Munich Re has maintained its full-year 2019 profit target of around €2.5 billion, despite recording a decline in first-quarter net income as a result of higher basic losses and greater expenditure for claims from previous years. Munich Re’s Q1 2019 income totalled €633 million, compared with €827 million in the first-quarter of… Continue reading Higher Losses Hit Munich Re’s Q1 2019 Performance
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