In the first quarter of 2020, Munich Re’s property-casualty reinsurance segment saw a considerable claims burden from losses in connection with the effects of the significantly worsened COVID-19 crisis. The claims expenditure is due mainly to the cancellation and postponement of large events. Hence, even though work on the quarterly accounts has just begun, Munich… Continue reading Munich Re Withdraws Profit Guidance for 2020, Discontinues Share Buy-Back Due to Coronavirus Crisis
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