Mu­nich Re takes €700m hit due to pan­demic

The Daily Telegraph - Business - - Business -

Ger­man rein­sur­ance giant Mu­nich Re said that the Covid-19 pan­demic wiped around €700m (£633m) off its core busi­ness in the sec­ond quar­ter of 2020. It added that it was scrap­ping a planned share buy-back as its sec­ond quar­ter earn­ings were heav­ily af­fected by pay­outs on ma­jor events that were can­celled due to the health cri­sis.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.