Munich Re : A good start to the year despite COVID-19 losses and high major claims
>Munich Re pre-released Q1 2021 net profit of ~€ 600m - Munich Re is due to report Q1 2021 results on 06 May. The company already pre-released a net profit of ~€ 600m for the quarter as the early consensus estimate stood at ~€ 466m. The company pointed to major losses above budget for P/C reinsurance and ongoing COVID-19 related claims in line with expectations. Otherwise, a strong operational result drove the result. Investment income should be reported in line with ...Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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