Latest news with #reinsurer
Bloomberg
a day ago
- Business
- Bloomberg
LA Wildfires Drive Biggest Insured Losses Since Fukushima
The wildfires that devastated Los Angeles in January are set to drive this year's overall insured losses well above the historical average for the industry, according to Munich Re. Natural disasters across the globe have already led to $80 billion of insured losses in the first half of the year, with fires in and around the LA area in the first weeks of 2025 accounting for half the total, the reinsurer said in a report on Tuesday.
Reuters
21-07-2025
- Business
- Reuters
Munich Re posts Q2 profit of 2.1 bln euros, above expectations
FRANKFURT, July 21 (Reuters) - The German reinsurer Munich Re ( opens new tab said on Monday that its second-quarter profit was significantly above analyst expectations, helped by low claims for losses. The reinsurer said net profit was around 2.1 billion euros ($2.45 billion) in the second quarter, above a consensus forecast of 1.62 billion euros. ($1 = 0.8556 euros)
