Munich Re eyes €2.8bn profit for 2021 despite hefty COVID-19 losses

02-12-2020

Munich Re eyes €2.8bn profit for 2021 despite hefty COVID-19 losses

Christoph Jurecka; Source: ERGO

Global reinsurer Munich Re is targeting a profit of €2.8 billion in 2021, but warned that it is set to book COVID-19 related losses of €3.4 billion this year, with an additional burden of approximately €500 million anticipated for 2021.


Munich Re, COVID-19, Loss, Insurance, Reinsurance, Christoph Jurecka, Europe

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