Munich Re pegs Q2 Covid-19 losses at Eur700mn and pulls 2020-2021 share buybacks

Munich Re share price

Munich Re has reported a Q2 net result of Eur600mn ($685mn) including a Eur700mn ($799mn) charge for Covid-19-related losses in the period driven by event cancellations, as it also revealed it will deploy additional capital to reinsurance rather than restart share buybacks.

Want to read this article?

Subscribe for FULL access to this article - and ALL our premium content

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey
Commercial director
Email: spencer.halladey@wbmediagroup.com
Tel: +44 (0) 203 934 6687

Andy Stone
Sales manager
Email: andy.stone@wbmediagroup.com
Tel: +44 (0) 203 934 6684

Subscribers get access to:

  • Full web access to all content
  • Regular breaking news/analysis by email on all critical issues
  • Two daily round-ups of the day’s news
  • Opinion from market thought-leaders and exclusive data on the industry
  • Control over the content you receive - and WHEN you receive it
  • Access to The Insurer App
  • Discounted subscriber prices for all our events
  • Dedicated account manager to ensure you receive the best value for money 

If you are a subscriber you can SIGN IN now for FULL access