Munich Re makes €782m in Q1
May 08, 2012
GERMANY’S Munich Re has reported a profit of €782m ($1.02bn) for the first quarter, up from a loss of €948m in Q1 2011. The company is maintaining its previously stated profit target of €2.5bn for the year. The company booked an operating gain of €1.20bn on gross written premiums of €13.3bn, compared with a loss of €1.38bn on GWP of €1.30bn in the same period last year. The technical result...


