German reinsurance giant Munich Re reported a preliminary second-quarter net profit of 1.1 billion euros ($1.3 billion) on Tuesday, up from 580 million last year despite payouts linked to Covid-19. From April to June, losses in the company’s life and health insurance business “clearly exceeded the expectation mainly due to the high mortality rate in… Continue reading Munich Re Profits Hit 1.1 Billion Euros Despite Covid-19
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