Munich Re Q1 P&C profit rebounds 64.5% as cat and manmade losses drop
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Munich Re Q1 P&C profit rebounds 64.5% as cat and manmade losses drop

Rachel Dalton
10 May 2022
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Munich Re’s P&C re unit booked a Q1 consolidated result of EUR589mn ($622mn) as both catastrophe and manmade losses fell significantly.

On a group level, the carrier reported a significant impact on its investment portfolio as a result of write-downs on Russian and Ukrainian bonds.

Russia/Ukraine:

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Rachel Dalton
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