News Coronavirus watch02 Dec 2020

Reinsurance giant adds $1.33bn of COVID-19 losses

Commercial Risk Europe | 02 Dec 2020


Munich Re said its reinsurance operation will face EUR3.4bn ($4.1bn) of COVID-19 losses this year, up from EUR2.3bn ($2.77bn) for the first nine months and has revised its group profit forecast for 2020 to EUR1.2bn, down from EUR2.7bn last year.

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