German reinsurer News

German reinsurer Munich Re saw its first-quarter net profit fall 33 percent to 543 million euros ($722 million) as losses from floods in central Europe weighed on earnings. The company said Tuesday it paid out 230 million euros in claims …

German reinsurer Hannover Re AG says it expects the fatal capsizing of the Costa Concordia cruise ship to cost it tens of millions of euros (dollars). Hannover Re said Monday it expects losses of some (euro) 30 million ($39 million) …