Profits at Munich Re plummet 65% after high COVID-19 losses

07-05-2020

Profits at Munich Re plummet 65% after high COVID-19 losses

Christoph Jurecka; Source: ERGO

Profits at world's second largest reinsurer Munich Re plummeted 65 percent in the first quarter of 2020 driven by staggering COVID-19 related losses, which the company says are "financially manageable". Chief financial officer Christoph Jurecka highlighted "strong balance sheet and prudent risk management" during challenging times.


Munich Re, Coronavirus, Q1 2020 Results, Insurance, Reinsurance, GWP, Christoph Jurecka, Europe

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