Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties

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Insurance Journal - Apr 01, 2020

Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great uncertainty” caused by the macroeconomic and financial impacts of COVID-19 in combination with the reinsurer’s expected man-made and natural-catastrophe losses …...

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