First-quarter profit at Munich Re’s P&C reinsurance business fell almost 62 percent year on year to EUR141mn ($152.3mn), as the carrier absorbed EUR973mn in man-made losses, mostly from Covid-19 claims.
Topics
First-quarter profit at Munich Re’s P&C reinsurance business fell almost 62 percent year on year to EUR141mn ($152.3mn), as the carrier absorbed EUR973mn in man-made losses, mostly from Covid-19 claims.