Munich Re: Sandy to drive up property insurance prices
Munich Re's reinsurance operation produced a Q3 operating result of €1.2bn (Q3 2011: €665m) and premium income of €7.5bn (Q3 2011: €6.5bn).
The company said that the burden from major losses was lower than average in the third quarter.
Hurricane Isaac, which hit the US east coast at the end of August, cost Munich Re €80m, while the loss
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