Munich Re says expects FY profits to be €400-900m lower this year
Munich Re, the German reinsurance firm, said that it expects this year’s profits to be between €400-900m lower than last year because of the softening underwriting market.
In a statement today the company said that it expects profit for the year to come in at between €3 -3.4bn range.
“With our very solid position, we have again set ourselves a high profit target, even
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