Low cat activity aids Munich Re recovery
Munich Re reported a group operating result of €2.3bn in the first half of the year, compared with a loss of €437m in the same period in 2011.
Gross written premium rose 3.8% to €25.9bn (H1 2011: €24.9bn), €12.6bn attributable to the second quarter. If exchange rates had remained the same, premium volume would have increased by 0.3% compared
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