ERGO profits support cat-hit Munich Re

Sarah JollyFebruary 7, 2018
Jörg Schneider, chief financial officer at Munich Re
Jörg Schneider, chief financial officer at Munich Re

Profits of €273m from Munich Re’s primary insurer ERGO provided the lion’s share of the reinsurer’s total group profit of €392m for 2017, as its reinsurance business took a heavy blow from catastrophe losses.

ERGO’s profit...

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Sarah JollyFebruary 7, 2018
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