Munich Re's P&C profit drops 29% in first half; Ergo returns to profit
Global reinsurer Munich Re had a mixed first half to the year as the firm was hit by the London Grenfell Tower disaster as its primary insurer Ergo returned to profit.
Man-made events, including the fire, pictured, cost the reinsurer €434m (£392m) of claims in the first half up from €318m last year. Nat cats cost the firm €221m compared with €325m in the first half
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