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Munich Re warns on Q3 loss following Harvey and Irma

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    • Andrew Tjaardstra

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Reinsurance giant Munich Re has said it could miss its full year 2017 profit target as a result of extensive damage from hurricanes Harvey and Irma.

Munich Re said it was expecting “high insurance losses” from the unusually strong storms with Q3 turning into a loss for the reinsurer after a mixed start to the year.

The reinsurer said it could

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