Munich Re expects "mid three-digit million euro" Sandy hit
Munich Re expects its share of the losses from superstorm Sandy to be in the "mid three-digit million" euro range, based on primary estimates, but remains optimistic of achieving a €3bn profit for the 2012 financial year.
Munich Re posted a consolidated profit of €1,136m (Q3 2011: €290m) in the third quarter of 2012.
Chief financial officer Jörg Schneider, pictured, described the results for the first three quarters as
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