(Bloomberg) Munich Re, the world’s biggest reinsurer, said profit this year will be about 3 billion euros ($3.9 billion), little changed from 2012, as prices remain stable and lower interest rates weigh on investment income.
“Even though the consolidation of state finances and high unemployment will result in slower economic momentum in many industrialized countries, we remain optimistic for our business,” Nikolaus von Bomhard, chief executive officer of the Munich-based reinsurer, said in an e-mailed statement today.
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