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Munich Re posts large Q3 loss as natural catastrophes weigh
November 9, 2017 / 7:14 AM / a month ago

Munich Re posts large Q3 loss as natural catastrophes weigh

FRANKFURT (Reuters) - German reinsurance giant Munich Re (MUVGn.DE) posted a net loss of 1.4 billion euros (1.24 billion pounds) in the third quarter after a spate of major costly natural catastrophes in North America.

FILE PHOTO - The company logo of German reinsurer Munich Re is seen before the company's annual news conference in Munich, Germany, March 16, 2016. REUTERS/Michaela Rehle/File Photo

The reinsurer warned last month that it would record a loss of that magnitude.

Reporting by Tom Sims; Editing by Maria Sheahan

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