Plus   Neg

Munich Re Projects Strong Result In Q3; Likely To Surpass 2019 Forecast

Munich Re (0KFE.L), a provider of reinsurance, primary insurance and insurance-related risk solutions, said it generated a consolidated result of approximately 850 million euros in the third quarter. The company expects to beat its target for the consolidated result of 2.5 billion euros for 2019.

Munich Re said the strong third-quarter result despite high major-loss expenditure is due to good operational performance, strong currency gains, and a very good investment result.

The company noted that the figures are subject to the outcome of the ongoing quarterly closing, and will be published on 7 November 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
Follow RTT