Cession of Zurich Life Assurance to Swiss Re

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Munich Re expects to register in 2003 its first annual net loss in about a century, in particular due to the substantial losses accumulated on the stock exchange markets. The recent 390-million-dollar increase resulting from the sale of Allianz's shares will not be sufficient to get back to the green. The financial agency Fitch took its rating down from AA+ to AA.

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Mon, 13/05/2013 - 15:46
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