The financial consequences from the war in Ukraine and sanctions against Russia have severely affected Munich Re’s first quarter, the reinsurer revealed in its latest results today (May 10).
Tag: Munich Re
Global covid-19-related insurance losses $29bn and growing
The running total of global covid-19 related losses, reserves and estimates reported by insurers and reinsurers to Zurich-based financial services advisory PeriStrat LLC, were $US20.75bn ($A29bn) as of July 28, according to Reinsurance News.
Catastrophe losses close to record high
The economic loss from natural catastrophes in the first half of 2020 reached $US68bn ($A95bn), a newly released Munich Re report shows – slightly lower than the 30-year average of $ US74bn after adjustment for inflation.
muzink.com 