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Munich Re announces $2.9bn profit

Munich Re has announced a profit of €2.1bn ($2.88bn) for the first half of 2007.

The company said this was approximately two-thirds of its original result target for the year as a whole.

The operating result, at €2.8bn ($3.8bn), was lower than the previous year’s record level ($4

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Paul Morden, Munich Re

Paul Morden, CEO of Munich Re UK’s branch is responsible for shaping and delivering reinsurance strategy across the UK and Ireland.

Jason Richards, Swiss Re

As CEO for UK & Ireland at Swiss Re, Jason Richards sits at the centre of one of the most influential reinsurance platforms in the London market, shaping how insurers respond to an increasingly volatile and complex risk environment.

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