Munich Re books nearly EUR1bn man-made losses amid Covid-19
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Munich Re books nearly EUR1bn man-made losses amid Covid-19

Rachel Dalton
07 May 2020
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First-quarter profit at Munich Re’s P&C reinsurance business fell almost 62 percent year on year to EUR141mn ($152.3mn), as the carrier absorbed EUR973mn in man-made losses, mostly from Covid-19 claims.

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