German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims

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Insurance Journal - May 13, 2025

Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year. The wildfires killed nearly 30 people …...

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