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Nippon Export and Investment Insurance

Munich Re with solid profit for the quarter, considering high losses

4 mins read

The FINANCIAL — Munich Re published Quarterly Statement. Munich Re generated a profit of around €1bn in the first three quarters of 2020 – despite COVID-19-related losses of €2.3bn In Q3, profits amounted to €199m (COVID-19-related losses in Q3: approx. €800m) Substantial increase in premium income: growth continues ERGO posts good results again In reinsurance, the third quarter is often characterised by above-average losses – and that was again the case this year. On top of manmade major losses and natural catastrophes in the USA, ongoing high COVID-19 claims affected the result. A gratifying aspect is that ERGO once again delivered…

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Munich Re with solid profit for the quarter, considering high losses

4 mins read

The FINANCIAL — Munich Re published Quarterly Statement. Munich Re generated a profit of around €1bn in the first three quarters of 2020 – despite COVID-19-related losses of €2.3bn In Q3, profits amounted to €199m (COVID-19-related losses in Q3: approx. €800m) Substantial increase in premium income: growth continues ERGO posts good results again In reinsurance, the…

EBRD and Japan strengthening economic cooperation

1 min read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and Nippon Export and Investment Insurance (NEXI) are seeking to strengthen their relationship and accelerate their efforts to develop economies in regions where both organisations operate. In a Memorandum of Understanding signed by the two parties, the EBRD and NEXI agreed to explore and develop channels…