Event insurance losses mount for Munich Re as it reports £700m Covid-19 hit
Munich Re today reported “high Covid-19 losses totaling €800m (£699.43m), particularly in event insurance” as it posted results for the first quarter of 2020.
In a statement it said: “Major [reinsurance] losses of over €10m each totalled €1.18bn (Q1 2019 €479m). These figures include gains and losses from the settlement of major losses from previous years.
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