Munich Re P&C profit halves in Q2 on €700m COVID-19 hit

06-08-2020

Munich Re P&C profit halves in Q2 on €700m COVID-19 hit

Munich Re

Germany-based global reinsurer Munich Re's property/casualty profits halved in the second quarter of 2020 as it booked €700 million COVID-19-related losses stemming from business interruptions and event cancellations. Chairman Joachim Wenning said "Munich Re will emerge from this crisis economically stronger".


Munich Re, 2020 Results, Q2, Coronavirus, Insurance, Reinsurance, Property & Casualty, Joachim Wenning, Europe

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