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Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUVGn.DE)

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Thu, Sep 14 2017

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Munich makes first warning by reinsurer on Harvey, Irma impact

BERLIN/FRANKFURT Germany's Munich Re warned it could miss its profit target this year, the first major reinsurer to flag a hit to earnings from damage caused by hurricanes Harvey and Irma.

UPDATE 2-Munich makes first warning by reinsurer on Harvey, Irma impact

* Analysts expect further statements from industry (Adds analyst comment, share price)

Munich Re says hurricanes could mean it misses profit target

BERLIN, Sept 13 German reinsurer Munich Re said losses from hurricanes Harvey and Irma could result in it missing its profit target of between 2 billion and 2.4 billion euros ($2.4 bln-$2.9 bln) this year.

In sunny Monte Carlo, insurers tally hurricane costs

MONACO, Sept 10 As Hurricane Irma battered Florida on Sunday, the cream of the insurance world -- gathered under the Mediterranean sun in Monte Carlo -- was assessing the costs of the storm for the global industry.

Irma a 'major event' for insurance industry: Munich Re board member

MONACO Hurricane Irma is proving to be a "major event" for Florida and the insurance industry, Torsten Jeworrek, member of the board of the German reinsurance giant Munich Re , said on Sunday.

BRIEF-Munich Re CFO sees negative impact from U.S. political scene

* CFO says has reduced long dollar positions due to scepticism about U.S. political developments in short-term Further company coverage:

BRIEF-Munich Re CEO says too early to give a profit forecast for 2018

* CEO says "ambition" is to stabilise profit and gradually increase profit, when asked about 2018 outlook

Munich Re says on track to meet full-year profit forecast

FRANKFURT, Aug 9 German reinsurance giant Munich Re posted a net profit of 733 million euros ($860 million) in the second quarter and said it was on track to meet its profit target for the year.

Insurers paid out $19.5 billion for natural disasters in first half: Munich Re

FRANKFURT Insurers paid out around $19.5 billion for natural disaster claims in the first half of 2017, almost 40 percent less than the year-earlier payout of $32 billion, reinsurer Munich Re said on Tuesday.

UPDATE 1-Insurers paid out $19.5 bln for natural disasters in H1 - Munich Re

* Flooding in Peru caused $3.1 bln in economic losses (Adds further details on H1 damages, quote)

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