Munich Re Q1 profits rise
Munich Re has reported a quarterly profit of €485m up from €437m in Q1 2009 due to large gains from the disposal of investments but natural catastrophe costs “unusually high.”
Munich Re has also announced another share buy-back: shares with a volume of up to €1bn are to be repurchased before the Annual General Meeting in 2011.
The group recorded an operating result of €770m
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