Munich Re still predicting 2011 profit despite €2.7bn Q1 nat cat hit
Munich Re posted a consolidated loss of €948m (£834m) for the first quarter of 2011 (previous year: profit of €485m).
Despite this quarterly loss, Munich Re stressed it still expects to record a profit for the current financial year.
During the first three months of 2011 Munich Re had to cope with losses in
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