Munich Re : Results marked by the first impact linked to COVID-19
>Growth in business - Yesterday morning, Munich Re published its Q1 2020 earnings. Note that the group has already reported low-triple-digit net profit (€ m) for the quarter. Gross written premiums were € 14.3bn for the quarter, up 6.8% on a reported basis, with l-f-l organic growth of 5.8%. In P&C reinsurance the group posted a 25.7% increase in gross written premiums with an average price increase of 3%.Net result in line with preliminary indications - §...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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