By Helena Smolak Munich Re's profit fell in the final quarter of 2023, partly due to Hurricane Otis, but beat market expectations as the company recovered.
By Pierre Bertrand Natural disasters caused around $250 billion in damages in 2023, amounting to $95 billion in insurance losses, according to Munich Re's.
By Helena Smolak Munich Re is targeting a higher net profit for 2024 than what it expects for this year, broadly in line with analysts' forecasts. The German.
By Pierre Bertrand Munich Re said net profit rose in the third quarter and it confirmed the raised guidance for 2023. The German reinsurer said Wednesday.