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Munich Re posts large Q3 loss as natural catastrophes weigh
November 9, 2017 / 6:40 AM / a month ago

Munich Re posts large Q3 loss as natural catastrophes weigh

FRANKFURT, Nov 9 (Reuters) - German reinsurance giant Munich Re posted a net loss of 1.4 billion euros ($1.62 billion) in the third quarter after a spate of major costly natural catastrophes in North America.

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

$1 = 0.8618 euros Reporting by Tom Sims; Editing by Maria Sheahan

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