News: Muenchener Rueckversicherungs Gesellschaft in Muenchen AG (MUVGn.DE)

MUVGn.DE on Xetra

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Thu, Aug 6 2015

UPDATE 1-European shares slip back; Novozymes slumps on weak results

* Asset performance in 2015: http://link.reuters.com/gap87v (Updates with closing prices)

BRIEF-Munich Re says won't be aquirer of traditional reinsurance businesses

* Expect weak hurricane season in summer/autumn due to El Nino phenomenon

UPDATE 1-Munich Re ups forecast for 2015 on low damage claims

MUNICH, Aug 6 - German reinsurer Munich Re raised its full-year earnings forecast on Thursday, after low damage claims and a jump in income from investments boosted net profit in the second quarter.

BRIEF-Munich Re's review of catastrophes marked by earthquakes, heatwave

* Says review of natural catastrophes up to June marked by earthquakes, and by a heatwave that caused a large number of fatalities in Asia For full press release klick http://bit.ly/1CBoera Further company coverage:

Deals of the day-Mergers and acquisitions

July 9 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

Munich Re mulls canceling takeover of Greece's ATE Insurance

FRANKFURT - German reinsurer Munich Re is considering calling off its planned 90 million euro ($99 million) takeover of Greece's ATE Insurance if political developments in Greece deteriorate, the company said on Thursday.

UPDATE 1-Munich Re mulls cancelling takeover of Greece's ATE Insurance

FRANKFURT, July 9 - German reinsurer Munich Re is considering calling off its planned 90 million euro ($99 million) takeover of Greece's ATE Insurance if political developments in Greece deteriorate, the company said on Thursday.

Munich Re mulls cancelling takeover of Greece's ATE Insurance

FRANKFURT, July 9 - German reinsurer Munich Re is considering calling off its planned 90 million euro ($99 million) takeover of Greece's ATE Insurance if political developments in Greece deteriorate, the company said on Thursday.

UPDATE 1-Tough reinsurance market keeps pressure on Munich Re

* Company sticks to FY target 2.5-3 bln eur net profit (Adds detail, executive comment)

Munich Re Q1 profit falls by less than expected

FRANKFURT, May 7 - German reinsurer Munich Re's net profit fell by less than expected to 790 million euros ($898 million) in the first quarter, helped by low damage claims and the weakness of the euro.

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