NU Online News Service, April 22, 12:19 p.m. EDT
In advance of its first-quarter report next month Munich Re said recent catastrophe losses have been manageable and it expects results to be "satisfactory."
According to a company statement reporting his remarks at a shareholders meeting in Munich today, Nikolaus von Bomhard, Munich Re chairman, said, "Although the picture is not yet complete, a satisfactory result is emerging."
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