NU Online News Service, May 10, 2:53 p.m.EDT--The world's largest reinsurer, Munich Re, saw itsquarterly profit improve 27 percent, bolstered by the company'ssale of investment assets, but underwriting results declinedcompared to year-ago figures.

The Munich, Germany-based concern reported 688 million euros($883 million) for its 2005 first-quarter profit, up from 543million euros ($697 million) last year.

Munich Re said its sale of stakes in German truck maker MAN AGand mortgage lender BHW Holding AG helped strengthen its quarterlyinvestment result, which was up 32.5 percent to 2.457 billion euros($3.15 billion).

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.