Munich Re profits slump 77% as P&C reinsurance swings to €23m loss

Munich Re profits slump 77% as P&C reinsurance swings to €23m loss over COVID-19

05-11-2020

Munich Re profits slump 77% as P&C reinsurance swings to €23m loss over COVID-19

Christoph Jurecka; Source: ERGO

Munich Re, the world's second largest reinsurer, has restated that it will not issue a guidance for 2020 as its profits fell sharply in the third quarter driven by staggering COVID-19 related losses in the property and casualty (P&C) business.

The rest of this article is locked. Please login to continue reading.

If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.

To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.

For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at efield@newtonmedia.co.uk

Munich Re, COVID-19, Insurance, Reinsurance, Property & Casualty, Christoph Jurecka, Europe

More on this story

Munich Re plots bold new strategy 2025; seeks to expand specialty business
09-12-2020

Munich Re eyes €2.8bn profit for 2021 despite hefty COVID-19 losses
02-12-2020

Munich Re sets out four key things that will impact renewals season
21-10-2020

Munich Re reiterates 2020 profit miss but 'optimistic' about future
24-06-2020

Munich Re profits slump 77% as P&C reinsurance swings to €23m loss over COVID-19

More on this story

Other related

More on this story

Sign up for the newsletter