Munich Re reports €0.71bn profit despite major losses
Munich Re reported a profit of €0.71bn for 2011, despite major losses and against the backdrop of the Eurozone crisis.
Fourth quarter profit totalled €0.63bn.
Despite profits being down from €2.43bn in 2010, the Munich Re described it as a demonstration of the firm's "resilience".
The German reinsurer was dogged by
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