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".

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

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

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