Munich Re upgrades profit estimate after drop in major losses
Munich Re has upgraded its profit forecast for 2015 to above €3bn after tax (£2.1bn) on the back of encouraging second quarter results.
Munich Re posted after-tax profit of €1.08bn for the second quarter of 2015 (Q2 2015: €762m); the profit for the first half-year came to €1.87bn (H1 2015: 1.7bn).
The reinsurer said the "quarterly
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