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Munich Re confident

Munich Re confident

04/08/09 20:29 CET

corporate

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The world’s biggest reinsurer, Germany’s Munich Re has said it expects only a small hit from the economic crisis as it posted better than expected earnings in the second quarter.

Net profit was 691 million euros for the company, which offers insurance cover to other insurers so they can spread their risk. Munich Re also said that it had been able to raise its prices for that risk cover.More about: ,

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