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

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.

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

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