Munich Re: renewals add to profit forecast
Munich Re has forecast profit of around euros 1.8bn for 2004 and stated that renewal of non–life reinsurance treaty business at 1 January 2005 has been very successful "despite some Cassandra–like prophecies"
Munich Re Group said its 2004 results were largely due to ”further very satisfactory results in the reinsurance sector. But the primary insurance sector also contributed appreciably to net incomeOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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