Munich Re's Q1 2014 profit falls 5%; April pricing weakens 8%
Profits fell 5% in the first quarter at global reinsurer Munich Re and April renewal prices declined 8%.
The consolidated result for Q1 2014 at the reinsurer was €924m compared to €970m in Q1 2013, with reinsurance accounting for €750m of the total.
Gross written premiums in Q1 were down 1.6% on the same
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