Munich Re warns of less good Q1 2008 vs 2007
BESTWIRE — Munich Re, the German reinsurance giant, predicted its profit for the first quarter of 2008 will not be as good as the figures it saw over the same period of 2007 thanks to exposure to a number of major cat losses.
Speaking at the company’s annual general meeting in Munich, Chief Executive Nikolaus von Bomhard said that although the picture for the quarter is not yet complete, a trend is emerging as the period
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