Forecast downgraded for Munich Re

Munich Re has revised its forecasts for its 2014' turnover. The group now expects a total gross written premiums of 48 billion EUR (66.7 billion USD), against 50 billion EUR (69.5 billion USD) originally planned.

Munich Re has reported in the first quarter of 2014, a decrease of 2.7% of its gross written premiums to 12.92 billion EUR (18 billion USD).

Forecasts of the 1st global reinsurer were pushed around by unfavorable exchange rates in the first months of the year.

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