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Munich Re's Q3 profits rise 31%

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Reinsurance giant Munich Re has seen its profits climb 31% in the third quarter of 2016 compared with the same period last year.

Munich Re's profits were €685m (£520m) in Q3 2016 up from €520m in Q3 2015 as it was helped by fewer losses from natural catastrophes; quarterly revenues fell 1.1% to €12.3bn.

Despite missing analysts

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