German reinsurer Munich Re remains on track despite major losses

NAMPA / DPA

2024-11-07

Munich (dpa) - Cyclones and other disasters have cost Munich Re, the world's largest reinsurer, more than twice as much in the third quarter compared to the same period a year ago. Major losses in reinsurance amounted to ?1.6 billion ($1.72 billion), the DAX-listed company announced on Thursday from its headquarters in the southern German city of Munich. The most expensive event was Hurricane Helene in the United States, which accounted for ?50......

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