Reuters on MSN16d
Munich Re Faces $1.3 Billion in Claims From Los Angeles Inferno
FRANKFURT - Germany's Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far ...
Morningstar16d
Munich Re announces buybacks even after saying it expects $1.2 billion in claims from California fires
German reinsurer's most expensive single claims event in 2024 was Hurricane Helene, which severely damaged parts of the southeastern U.S. Shares of Munich Re climbed on Wednesday after the German ...