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.


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

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