World Insurance Report
Munich Re Group
Munich Re, the world’s largest reinsurer, saw its net profit slump from €1.75bn in 2000 to €250mn in 2001 due to a heavy claims burden
from large and very large losses. Positive one-off income of €830mn (arising from German tax reform and from the valuation
of its shares in
Allianz on a less deferred basis) prevented a negative result.