Munich Re Posts Loss Of 238 Million Euros

By Lisa S. Howard, International Editor

NU Online News Service, June 2, 12:58 a.m. EDT, London?Suffering the effects of weak capital markets, Munich Re reported a first-quarter net loss of 238 million euros ($278.9 million), compared with net income of 4.5 billion euros ($5.3 billion) for the same period last year.

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