Munich Re : The group expects a profit of € 2.8bn in 2021 with in particular an improvement in the combined ratio in reinsurance
>Munich Re expects a profit of around € 1.2bn this year… - Yesterday morning, Munich Re announced profit guidance for 2020 and 2021. The timing of the unexpected announcement was surprising with the group set to hold an investor day on 8 December next, focused particularly on the medium-term profitability outlook (out to 2023). For 2020, Munich Re expects a net profit of around € 1.2bn (i.e. € 0.2bn for Q4), which is below forecasts (consensus and our estimate for € 1...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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