Munich Re News

Reinsurer Munich Re says a series of severe earthquakes and other natural catastrophes combined with the European debt crisis has sent its profits plunging in 2011. The reinsurer, which writes backup insurance for primary insurers, said Thursday it still managed …

The total costs associated with natural catastrophes will reach a record this year after an earthquake in Japan pushed first-half losses to $265 billion, according to Munich Re . The world’s biggest reinsurer by revenue said on Tuesday that the …