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German reinsurance giant Munich Re said Wednesday that last month's huge wildfires in Los Angeles had been the costliest "in the history of the insurance industry". Munich Re, which acts as an ...

Munich Re, which acts as an insurer for insurers, said it expected some 1.2 billion euros in loss claims from the fires. The estimate was "subject to a high degree of uncertainty owing to the ...

Shares of Munich Re climbed on Wednesday after the German reinsurer stuck to its outlook and announced it will return money to shareholders, even after announcing more than $1 billion in claims ...

German reinsurer's most expensive single claims event in 2024 was Hurricane Helene, which severely damaged parts of the southeastern U.S. Shares of Munich Re climbed on Wednesday after the German ...

German reinsurance giant Munich Re reported weak profit in its fourth quarter on Wednesday, despite higher insurance revenues. For the fourth quarter, net result attributable to equity holders was ...

FRANKFURT - Germany's Munich Re (MUV2.DE) expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss ...

FRANKFURT - Germany's Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so ...