Munich Re will not attain its profit guidance of €2.8bn for 2020 due to COVID-19


Munich Re, the world's largest reinsurer, has withdrawn its stated profit guidance for 2020 blaming "considerable claims burden" from coronavirus (COVID-19) pandemic, and has cancelled its share buy-back programme for the year.

Munich Re, Coronavirus, Insurance, Reinsurance, Joachim Wenning, Europe

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