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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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Paul Morden, Munich Re

Paul Morden, CEO of Munich Re UK’s branch is responsible for shaping and delivering reinsurance strategy across the UK and Ireland.

Jason Richards, Swiss Re

As CEO for UK & Ireland at Swiss Re, Jason Richards sits at the centre of one of the most influential reinsurance platforms in the London market, shaping how insurers respond to an increasingly volatile and complex risk environment.

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