Munich Re’s Q1 2023 profit dips to €1.3bn as nat cats drive above-average losses

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Reinsurance News - May 17, 2023

Global reinsurer Munich Re has reported a net result of approximately €1.3 billion for the first quarter of 2023, down on the previous year (€1.5bn) as natural catastrophe events resulted in above-average losses for the firm, driven by the Turkey and Syria earthquake. Group-wide, insurance revenue f...

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