Munich Re pegs Q2 Covid-19 losses at Eur700mn and pulls 2020-2021 share buybacks
Munich Re has reported a Q2 net result of Eur600mn ($685mn) including a Eur700mn ($799mn) charge for Covid-19-related losses in the period driven by event cancellations, as it also revealed it will deploy additional capital to reinsurance rather than restart share buybacks.